Standard Bank Sees First-Half Earnings Falling 20% on Virus

Standard Bank Group Ltd. expects first-half earnings to be more than 20% lower this year as the fallout of the coronavirus pandemic takes its toll on Africa’s largest lender.

The bank said it anticipates headline earnings per share and earnings per share will be lower than the 837.4 cents and of 827 cents reported a year earlier, it said in a statement on Monday.