SA’s ‘Big Four’ banks hit by R27bn bad debt charges

October 3, 2024 By: 0 comments

<p><img src=”https://biz-file.com/c/2410/752935-208×117.jpg?5″ width=”208″ height=”117″ alt=”Source: 123RF.” align=”left”><br><span >Source: 123RF.&lt;/span><p>South Africa’s “Big Four” banks—Absa, FirstRand, Nedbank, and Standard Bank—incurred a R27bn loss in the first half of 2024 due to bad debt charges, according to PwC’s Major Banks Analysis <a href=”https://www.pwc.co.za/en/publications/major-banks-analysis.html” target=”_blank”>report</a>.</p><br> <a href=”https://www.bizcommunity.com/article/sas-big-four-banks-hit-by-r27bn-bad-debt-charges-030615a”>Read more…</a> | <a href=”https://www.bizcommunity.com/SendToFriend.aspx?l=196&c=513&ct=1&ci=252227″>Send to a friend</a></p><div style=”clear:left”></div>