Standard Bank Malawi Plc has issued a trading statement indicating strong financial performance for the year ending 31st December 2024. The bank expects its profit after tax to increase by 50% to 65%, translating to a profit range of MWK 78.8 billion to MWK 86.7 billion, compared to MWK 52.5 billion in FY2023.
Key Highlights
- Expected Profit After Tax: MWK 78.8 billion to MWK 86.7 billion.
- Growth Range: 50% to 65% year-on-year.
- FY2023 Profit After Tax: MWK 52.5 billion.
This performance underscores Standard Bank’s resilience and strategic efforts in navigating economic challenges while capitalizing on growth opportunities in Malawi’s financial sector.
