Cost-to-income ratio of leading banks in South Africa 2021

Cost-to-income ratio of leading South African banks as of 2021

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South Africa

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Supplementary notes

The source mentioned that normalized results for Absa and FirstRand were presented. Nedbank and FirstRand included associate income in their cost-to-income ratio, on th other hand, Absa and Standard Bank do not include it. The Nedbank and FirstRand ratios reported have been recalculated to remove associate income.
Results for FirstRand are for six months ending December 2021.
Standard Bank is based is solely on banking activities.

The source mentioned the financial results are based on 2021 with the balance based on 2020 financial results. Source are 2021 peer reports .

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