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South Africa's big four banks could yet receive an earnings boost this year as they reverse some of the 75.4 billion rand — roughly $5.27 billion — in impairments they took in 2020. Yet their return on equity will likely remain lackluster due to the country's prolonged economic malaise. Nonperforming loans at the major banks — Standard Bank Group Ltd., FirstRand Ltd., Absa Group Ltd. and Nedbank Group Ltd. — have steadily increased over the past half-decade, during which unemployment hit a record high and electricity blackouts became commonplace. Standard Bank's NPL ratio was 6.21% in...

At least two of South Africa's major banks are likely to declare dividends after the central bank last week eased guidance on payouts, analysts and investors said.

At least two S.African banks likely to pay dividends after central bank eases guidance - analysts Reuters 2/23/2021 By Emma Rumney © Reuters/MIKE HUTCHINGS Customers queue to draw money from an ATM outside a branch of South Africa's Standard Bank in Cape Town By Emma Rumney JOHANNESBURG (Reuters) - At least two of South Africa's major banks are likely to declare dividends after the central bank last week eased guidance on payouts, analysts and investors said. The South African Reserve Bank had in April advised banks not to pay dividends or bonuses to preserve capital d...

After reserve bank eases guidance - analysts.