Publications
Partners
Harare - John Vitalo, financial services group Atlas Mara’s chief executive officer, said the Africa-focused group is eyeing even more acquisition opportunities in the region as it seeks to improve its footing on the continent through organic growth.
The Robert Diamond-fronted financial services group on Wednesday said it incurred a $63.1m loss during the 13-month period to the end of December. However, it posted a $7.2m net profit, excluding non-recurring transaction and intergration expenses for its operations which now encompass the former African Banking Corporation.
The group said the long-term outlook for the Africa region – which it views as lucrative for new investors in the banking industry – remains positive, with gross domestic product (GDP) growth rates in the countries where it operates “expected to markedly exceed developed markets economic growth forecasts”.
