Corporate deals props Stanchart loan book :: Mmegi Online

Standard Chartered Bank Botswana, boosted by lucrative corporate deals to prop the loan book, has seen a 21 percent increase in profits in the first half of 2014.

Commenting in the published financial results for the half-year ended June 30, 2014, Standard Chartered chief executive, Moatlhodi Lekaukau, said their financial position continues to strengthen with loans to customers increasing by 27 percent to P7.1 billion. Adding to the good returns are deposits from non-bank customers that rose by 24 percent to P9.5 billion.

The bank introduced the new ‘One Bank’ strategy with a refined organisational structure that concentrates on retail clients and corporate and institutional clients. Lekaukau said this strategy has allowed the bank to bring more focus to specific client segments and appropriately serve their needs.

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