Algeria, April 12, 2018

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Standard Bank eyes West Africa growth

Standard Bank is seeking a banking license in Senegal after opening in Ivory Coast as the lender expands in West Africa’s French-speaking countries.

Africa’s largest lender, which opened in the world’s biggest cocoa producer on Monday, will focus on corporate and investment banking clients after obtaining the license in 2016, Sola David-Borha, the Johannesburg-based company’s chief executive officer for Africa, said in an interview in Abidjan.

Standard Bank sees Ivory Coast as an entry point for Francophone West Africa and will target to have all the necessary permits for Senegal in 12- to 18 months, she said.

fin24



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