Standard Bank loans up 50% in 2011
Johannesburg - Standard Bank Group [JSE:SBK], Africa’s
largest lender, lent R75bn to its South African personal and business customers
in 2011, nearly 50% more than the previous year.
Home loans rose R34bn, Peter Schlebusch, the CEO of personal
and business banking, said in a statement on Thursday. Loans to the affordable
housing segment grew 54%, he said.
Standard Bank will post its full-year financial results in
March. Its shares closed Thursday’s session at R106.16, up 7.5% this year.