Standard Bank aims to expand in the Middle East through an office in Egypt ...Egypt

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Standard Bank aims to expand in the Middle East through an office in Egypt
source : EGYPT INDEPENDENT ( Egypt ) () 128
Standard Bank Group, Africa’s largest bank by assets, plans to open a new office aiming to capitalize on rising trade between the continent and the Middle East, according to the Ashraq Business website. The bank is scheduled to open a new representative office by the end of the year, according to Rassem Zok, who leads the bank’s operations in the Middle East and North Africa region. The Johannesburg-based bank already has a presence in 20 African markets. This move comes at a time when Standard Bank’s business outside of South Africa has outperformed its home market as the biggest driver of profits in 2023. While headline earnings for the South Africa business inched up 3 percent, profits fr

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