scale up

Standard Bank plans corporate and investment bank expansion in Senegal, Côte d’Ivoire

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South Africa looks for growth

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By David Whitehouse

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Posted on December 28, 2022 05:00

 © Standard Bank logo in Sandton outside Johannesburg October 25, 2007.     REUTERS/Siphiwe Sibeko
Standard Bank logo in Sandton outside Johannesburg October 25, 2007. REUTERS/Siphiwe Sibeko

Standard Bank plans to establish a corporate and investment banking (CIB) presence in Senegal and grow its existing operation in Côte d’Ivoire as part of a plan to scale up in west Africa.

The bank is “definitely sub-scale” in the region and has “clear intent” to increase its size there, Helmut Engelbrecht, the bank’s CEO for West Africa, tells The Africa Report.

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