Standard Bank May Re-Capitalize Ghana Unit After Debt Provisions
- Lender sets aside 1.5 billion rand for Ghana bond losses
- Bank concerned by debt levels in Nigeria, Kenya, Malawi
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Standard Bank Group Ltd., Africa’s biggest lender by assets, is ready to re-capitalize its Ghanaian unit after making provisions to cover more than half of its holdings in the nation’s debt.
“It may become necessary for us to inject capital in that business and we will, at the appropriate time,” Chief Executive Officer Sim Tshabalala said in an interview Thursday.