• SA is being scammed!

    Former struggle heroes are now emptying state coffers to benefit foreign scammers, says Solly Moeng.

  • A burning issue

    The Knysna fires have shown that SA needs to be fire-aware and wary, says Mandi Smallhorne.

  • True economic freedom

    Harping on inequality and repressive rich people deflects attention from the real issues, say analysts.

All data is delayed
Loading...
See More

Africa to contribute 25% of bank’s revenue

Oct 31 2012 20:52
Reuters

Company Data

STANDARD BANK GROUP LIMITED [JSE:SBK]

Last traded 144
Change 2
% Change 2
Cumulative volume 2739703
Market cap 0

Last Updated: 01/01/0001 at 12:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Standard Bank is SA’s greenest company

Businessman questions bank's security

SA bank charges lower, research shows

ANC makes money in Mangaung - report

S&P downgrades Spain two notches

Standard Bank to carry out maintenance

 
Johannesburg - Standard Bank Group [JSE:SBK] sees its African operations excluding South Africa accounting for 25% of group revenue in five years time, from just a tenth at the moment, its deputy chief executive said on Wednesday.

“Our business in Africa has made very good progress, we’re currently generating about R1.4bn a month in Africa outside of South Africa,” Ben Kruger told journalists.

Standard Bank also said it had appointed Peter Schlebusch to help grow its personal and business banking (PBB) across its 18 African franchises in Africa.

PBB contributed R20bn, or 62% of the group’s total income in the first half.

Kruger said the lender expects to open 20-30 new branches in Nigeria annually until it has 300 shops there, from 200 currently. It also intends to have another 30 branches in oil-rich Angola by the end of 2012.
standard bank  |  africa

NEXT ON FIN24X

Behind the sparkle

2017-06-06 10:23

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

WhatsApp group admins in SA could face jail time their jobs

Previous results · Suggest a vote

Loading...