Standard Bank Eyes West Africa Growth Post Ivory Coast Entry
- Lender to focus on corporate, investment-banking clients
- Standard targets Senegalese banking license in 18 months
Pedestrians pass a logo outside the headquarters of Standard Bank Group Ltd. in Johannesburg, South Africa, on Dec. 19, 2013.
Photographer: Dean Hutton/Bloomberg
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Standard Bank Group Ltd. 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 the commercial capital, Abidjan.