JOHANNESBURG - Another big bank has flagged an increase in the number of customers who are falling behind on their debt repayments.
Africa's biggest lender, Standard Bank, says a rapid rise in interest rates is seeing people struggling to make their repayments.
It warned impairment charges surged almost 50-percent in the five months to end-May after being hit by consumer strain.
But Standard Bank still expects profits to grow more than 20-percent in its half-year to end-June.
The good showing come on the back of higher net interest income and non-interest revenue growth.