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The Patriot on Sunday

The Patriot on Sunday

A Sunday broadsheet newspaper that focuses on business and politics. It started publishing on Sunday 11th November 2012.

#Available IN STORES #grabyourcopy #frontpagethisweek Main Headline: 'KHAMA IS A SELFISH' - Hunters ♦️ Wildlife Producers Association to meet UK House of Commons ♦️ Furious over Khama's push for trophy hunting ban ♦️ Khama did not target Botswana in UK - SKI Foundation FOR A DETAILED REPORT GRAB A COPY OF THE PATRIOT ON SUNDAY NEWSPAPER IN STORES OR FOR SUBSCRIPTION VISIT: www.thepatriot.co.bw ... See MoreSee Less
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ARLET ON BOMB THREATS TARGETING ZIM AIRPORTS. Zimbabwe Govt confirms. President Mnangagwa trip to Vic Falls halted ... See MoreSee Less
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2 days ago

The Patriot on Sunday
BUAN CELEBRATES WOMEN’S MONTH ... See MoreSee Less
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  • UDC, BCP united
    LAGAGO TAMOCHA editors@thepatriot.co.bw In a rare show of unity, opposition political parties in Botswana have united to fight what they term ‘any attempt by the ruling Botswana Democratic Party (BDP) to rig the upcoming 2024 elections’. The Patriot on… Read more: UDC, BCP united
  • Who killed Motswaledi?
    BAKWADI LEKOPANE editors@thepatriot.co.bw Former Police Commissioner, Norman Moleboge, has expressed shock at utterances by President Mokgweetsi Masisi, that he will reopen an investigation into the mysterious death of Gomolemo Motswaledi, former leader of Botswana Movement for Democracy (BMD). “Such… Read more: Who killed Motswaledi?
  • VACANCY: Komatsu
    Manager: Human ResourcesClosing date 08 March 2024
  • VACANCY: Donut Factory Int.(Pty) Ltd
    PRODUCTION MANAGERClosing Date: 12th March 2024
  • Vacancy Advert: Botswana Development Corporation (BDC)
    MANAGER-FINANCIAL AND TAX ACCOUNTINGDeadline for applications is 08 March 2024.
Sunday, March 3, 2024
17 °c
Gaborone

Tag: STANCHART

Stan-Chart in third year of profit growth

Stan-Chart in third year of profit growth

Standard Chartered PLC has released its results for the year ended 31 December 2018.    “We have made tremendous progress securing the foundations of the business since 2015, resulting in a third successive year of underlying profit growth. Our refreshed priorities will help realise the true value of the franchise. We will measure this not only in monetary terms with double-digit equity returns and significant shareholder distributions targeted by 2021, but also in the positive impact to our clients, stakeholders and communities. We are determined to drive commerce and help our clients achieve prosperity while doing everything that we can to make the world a cleaner, safer and more sustainable place,” said Bill Winters, Group Chief Executive. There has been further significant improvement in returns. Significant improvement in profitability driven by higher quality income growth with cost and asset origination discipline; Operating income of $15.0bn was up 5%, with RWAs down 8%; Broad-based by product, with Transaction Banking growing particularly strongly driven by Cash Management; Wealth Management grew 3% but momentum slowed as sentiment weakened in the second half; Strong performance in GCNA region; challenging conditions in AME region; and Net interest income increased 8% and the net interest margin improved 3 basis points to 1.58% The Group has delivered $3.2bn in gross cost efficiencies, exceeding the target set in November 2015; Cash investments of $1.6bn were up 9%, with the amount allocated to strategic initiatives trebling over the last three years. The UK bank levy was $324m; in 2021 it will be chargeable on only the Group’s UK balance sheet; and Asset quality improved due to a continued focus on higher quality origination within a more granular risk appetite. Credit impairment of $740m was 38% lower with significant improvements in CIB and RB;Underlying profit before tax of $3.9bn was up 28% driven by the Group’s largest segments and regions; Statutory profit before tax of $2.5bn is stated after provision for regulatory matters and restructuring and other items and was 6% higher. The Group made a $900m provision in respect of legacy financial crime control matters and FX trading issues; Restructuring and other items included Q4 charges of $158m following the announcement to sell Principal; Finance and $169m related to the refreshed strategic priorities announced. RoE improved 110 basis points to 4.6% and RoTE improved 120 basis points to 5.1%; Basic earnings per share increased 14.2 cents to 61.4 cents. The Board has recommended ...

  • UDC, BCP united
    LAGAGO TAMOCHA editors@thepatriot.co.bw In a rare show of unity, opposition political parties in Botswana have united to fight what they term ‘any attempt by the ruling Botswana Democratic Party (BDP) to rig the upcoming 2024 elections’. The Patriot on… Read more: UDC, BCP united
  • Who killed Motswaledi?
    BAKWADI LEKOPANE editors@thepatriot.co.bw Former Police Commissioner, Norman Moleboge, has expressed shock at utterances by President Mokgweetsi Masisi, that he will reopen an investigation into the mysterious death of Gomolemo Motswaledi, former leader of Botswana Movement for Democracy (BMD). “Such… Read more: Who killed Motswaledi?
  • VACANCY: Komatsu
    Manager: Human ResourcesClosing date 08 March 2024
  • VACANCY: Donut Factory Int.(Pty) Ltd
    PRODUCTION MANAGERClosing Date: 12th March 2024
  • Vacancy Advert: Botswana Development Corporation (BDC)
    MANAGER-FINANCIAL AND TAX ACCOUNTINGDeadline for applications is 08 March 2024.

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