S&P revises African Bank outlook from stable to positive
The bank’s franchise and funding profile expected to strengthen
30 July 2023 - 16:50
S&P Global Ratings has revised African Bank’s outlook to positive from stable as the lender continues its resurrection since its near collapse almost a decade ago.
The bank, which plans to list on the JSE in 2025, said on Friday the revised outlook took into account its funding profile...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.