By: Staff Writer
Capricorn Group, the parent company of Bank Windhoek, has reported a substantial increase in profits after tax, amounting to N$827.6 million for the period between July 1st and December 31st last year.
This marks an 18.5% surge from the N$698.2 million reported during the same period in 2022.
“This represents an increase of 19.4% in earnings per share to 152.4 cents.
Annualised return on equity at half-year increased from 16.6% to 16.8% year-on-year,” stated the Group.
The robust performance is attributed to the growth of the loan book and heightened transaction volumes, albeit partially offset by increased credit impairment charges.
Comments