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.

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Possible Branch Closures At Stanchart

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.

Rollers, Orapa brace for two-part sequel

Stanbic pretax profits up 11%

The audacity to be a unicorn

Faulty gadgets top complaints to BOCRA

Civil Society fights 'flawed' constitutional amendment

Civil Society calls for Constitution review governing Act

IEC rejects 2,513 registrations

Motshegwa prevails against detractors

Inspect the voters' roll!