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Standard Bank loans up 50% in 2011

Jan 27 2012 09:56 Reuters

Company Data

STANDARD BANK GROUP LIMITED [JSE:SBK]

Last traded 137.55
Change -0.99
% Change -0.01
Cumulative volume 1232147
Market cap 222.82bn

Last Updated: 24/04/2014 at 03:54. Prices are delayed by 15 minutes. Source: McGregor BFA

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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.

 
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