Stanchart leans towards corporate lending

Standard Chartered CEO, Moatlhodi Lekaukau
Standard Chartered CEO, Moatlhodi Lekaukau

Standard Chartered Bank Botswana registered a 75 percent rise in loans to institutions and corporates in 2014, as the bank looked to find shelter in secured lending in a year where profits were flat at P319 million.

In a challenging operating environment characterised by compressed interest margins, tight liquidity, falling profitability and weak household incomes, the listed top 5 bank said it remains well capitalised and liquid with a better Loan to Deposit Ratio (LDR) than its peers of 81 percent.

Announcing results for the full year ended December 2014, the bank said that strong support to their corporate and institutional clients boosted lending to businesses, which in turn propelled total loans and advances by 28 percent to P8.1 billion.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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