×

We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Standard Bank, Africa’s biggest lender by assets, is adding 100,000 new retail clients a month in its core market of SA. But it will take years for this to translate into a big jump in profitability, the bank said.

The boost in new retail clients has resulted in “high single-digit growth” in the lender’s more than 9-million active clients in SA so far this year, the group’s financial director, Arno Daehnke, said on a pre-close call on Monday. The growth in retail deposits is also exceeding growth in corporate deposits, helping to boost profit margins, which are being further enhanced by strong growth in the rest of Africa, he said...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now