Economic Rebound Helps Stanbic's Balance Sheet
Monday, May 05, 2008
According to its financial results for the 2007 full year, the bank saw growth in profit after tax jump from P89.4 million in 2006 to P110.7 million in 2007. The charge represents a 23.8 percent growth.
The Managing Director for the unlisted bank, Dennis Kennedy, says the improvement, which came as a result of Government's infrastructure development and the current mining boom, increased downstream loan demand across a range of sectors.
It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...