Standard Bank [JSE:SBK] says lower transaction volumes due to depressed spending during the lockdown, coupled with decreased loans and debt relief for customers have negatively impacted its earnings by some R2 billion.In June, Africa's largest lender had already detailed in another trading update how the lockdown had put the brakes on ATM volumes. It added then…
Standard Bank has come under fire for continuing to fund new fossil fuel projects.It has promised to do due diligence to limit harm.CEO Sim Tshabalala says the AGM has become a forum for policy advocacy and debate - which is not in the interests of the company. Standard Bank, which has come under fire for continuing…
Environmental activists are objecting to Standard Bank's funding of fossil fuel projects. Photo: iStock Standard Bank Group Ltd., which is Africa’s biggest bank by assets, faces opposition from environmental activists to its plan to fund an oil pipeline in East Africa. International group of climate activists that opposes the use of fossil fuels, 350.org will…
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