Standard Chartered drives up loan book

Saturday, October 05, 2013

Standard Chartered Bank of Botswana's balance sheet has enabled the bank to continue to aggressively grow its unsecured loan book, in an environment where other industry players are beginning to adopt a conservative approach.

In the first half of the year, Stanchart's loans and advances to customers increased 26% to P5.7 billion.

Speaking at the announcement of the bank's half year results recently, chief executive officer Moathodi Lekaukau noted that their appetite for unsecured loans is driven by their balance sheet.

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