Possible Branch Closures At Stanchart

Monday, November 17, 2014

Standard Chartered has 17 branches across the country

Standard Chartered Bank Botswana face a possibility of closing some of its branches locally as one of their strategies to get back to a trajectory of sustainable profit growth.

This came after it was announced on Tuesday that parent company Standard Chartered PLC will close up to 100 branches in Africa, Asia and the Middle East in an attempt to improve its profitability.

When commenting on this issue the Head of Corporate Affairs Itumeleng Ramsden said that their retail clients segment are embarking on a new strategy which focuses on cities that will experience significant economic growth in the future.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

The Metropolitan Chess Championship got underway at the President Hotel on Thursday. PIC: MORERI SEJAKGOMO

Stage set for Metropolitan chess championship

Calistus Kolantsho | 7 h ago

Coal output drops

Mbongeni Mguni | 8 h ago

Soldier faces charge for cop's murder

Larona Makhaiza | 10 h ago

Batswana join global search for HIV cure

Mbongeni Mguni | 12 Apr 2024

Win propels Galaxy five points clear

Larona Makhaiza | 1d ago

Mobile money reaches P26bn

Mbongeni Mguni | 1d ago

BAC forges path in Data Intelligence

Phatsimo Kapeng | 1d ago

ODC gives BNOC P500,000 for Olympics

Calistus Kolantsho | 1d ago

Routine child vaccination imperative

The recent Vaccination Day in Motokwe, orchestrated through collaborative efforts between UNICEF, USAID, BRCS, and the Ministry of Health, underscores a commendable stride towards fortifying child health services.The painful reality as reflected by the Ministry of Health's data regarding the decline in routine immunisation coverage since the onset of the pandemic, is a cause for concern.It underscores the urgent need to address the...

The Monitor Editor | 15 April 2024

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More