Published: April 21, 2011
Standard Bank has reaffirmed its dedication to the continent. Its head of investment banking tells EMEA Finance why.
Sometimes, a bank needs to streamline to grow. Announcing Standard Bank’s 2010 results in March – earnings down 4% at R11.2bn (US$541mn) – chief executive Jacko Maree said the lender was well-capitalised and profitable, but had nonetheless launched a study of its business strategy in the face of a changing market. “After extensive debate, we believe that a fundamental revision of the strategy is unwarranted, but that some refinement and tightening of strategic focus is required,” he said.
This content is only available to our subscribers.
Please click here for details of subscription plans or to request trial access.