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September 22, 2011
Bidvest Bank boasts 165% rise in pre-tax profit
Reflecting continued strong growth following strategic expansion into asset-based finance from the bank's established base in foreign exchange activities, Bidvest Bank reported a 165% rise in profit before tax to R389 million for the 12 months to June 30, 2011.
Operating income rose 75% to R848 million. There were no material impairments. Total assets rose 5% to R3.6 billion.
Posted by StaffWriter at September 22, 2011 10:22 AM