The Standard Chartered Bank said
yesterday that it plans to invest over $100 million on 110 new branches
in Kenya, Ghana and Nigeria alongside five other core markets over the
next three years.
Speaking at its inaugural Africa Investor Day on the group’s aspirations
for the region, Diana Layfield, Standard Chartered’s Chief Executive
Officer for Africa, said the bank has set out its vision for the African
franchise over the next five years against a backdrop of how far the
business has travelled to date.
She said: “At $1.34billion in 2011,
Africa currently accounts for 8 percent of the group’s income. Our
performance has been sustained by a large number of different growth
engines with a very healthy balance sheet across our major geographies.
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