Investec reports marginal rise in full-year earnings
South African bank Investec reported a marginal rise in full-year earnings on Thursday, 21 May 2026 with client acquisition and growth in lending portfolios offsetting the impact of lower interest rates.
Source: Pexels.
- Investec, which also operates in Britain, posted headline earnings per share of 73.1 pence for the year to 31 March, compared with 72.6 pence the previous year.
- Pre-provision adjusted operating profit increased 3.5% to £1.1bn ($1.48bn) as revenue grew 4.2% to £2.3bn.
- Revenue was supported by lending growth of 9.6% to £35.5bn, continued client acquisition and strong net inflows in discretionary and annuity funds under management.
- Net interest income fell 1.6% to £1.3bn, tempered by the so-called endowment effect of declining interest rates, even though it benefited from growth in average lending and a lower cost of funding.
- The credit loss ratio - a measure of bad loans against total lending - on core loans improved to 36 basis points, within its through-the-cycle target range of 25 to 45 basis points.
- Credit loss impairments rose slightly to £124m.
- Investec announced a final dividend of 21 pence per share.