Sasfin reports profit.

BANKING AND CREDIT NEWS-September 17, 2019--Sasfin reports profit

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Global Banking News - 17 September 2019

Financial services firm, Sasfin has announced a profit.

The firm has reported a 32.05 per cent growth in headline earnings to ZAR161.3m. The firm said that earnings were helped by improved credit loss ratio of 102 bps. The South African firm said that its total income grew by 2.21 per cent to ZAR1.246bn.

According to BusinessTech, Sasfin chief executive officer, Michael Sassoon, said, 'This was a year of concentrating on the fundamentals of our business, in particular improved credit quality. Where possible, we narrowed the scope of responsibility...

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