How SA's big 4 banks grew their combined earnings by 177% during a pandemic

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PwC's  2021 Major Banks Analysis report shows that the big four banks generated combined headline earnings of R40.6 billion in the first half of 2021.
PwC's 2021 Major Banks Analysis report shows that the big four banks generated combined headline earnings of R40.6 billion in the first half of 2021.
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The big four banks generated combined headline earnings of R40.6 billion in the first half of the year, growing combined earnings by 177%. 

The recovery of the bank's profits, some to much better-than-expected levels in the first half of 2021, came down to better economic performance, especially in sectors like mining.

According to PwC, which analysed the financial performance of the big four banks – Absa, FirstRand, Nedbank and Standard Bank – in the first half of 2021, these companies had prepared themselves for the worst. 

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