The London-listed lender is in the middle of a restructure, reining in its mass retail business and simplifying the group.

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Standard Chartered eyes sale of three African retail banking businesses

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Evgeny Lebedev

Alfred Harmsworth (barrister)

Geraldine Mary Harmsworth

Patricia Harmsworth, Viscountess Rothermere

Carron Greig

Standard Chartered is exploring a sale of its wealth management and retail operations in three African countries as the banking giant seeks to free up firepower for its investment plans. The FTSE 100 lender, which focuses on emerging markets, said on Wednesday that it was considering the exits in Botswana, Uganda and Zambia as part of a wider restructuring. It said the possible sales would be the first in a small number of exits and would suppor…

City AM

Standard Chartered mulls sale of three African units

ReutersStandard Chartered (2888) is exploring a potential divestment of its wealth and retail banking operations in Botswana, Uganda and Zambia, it said yesterday, as the banking giant looks to free up capital in the midst of a broad shake-up.The Asia-focused lender, like rival HSBC (0005) is...

The Standard

StanChart looks to divest some Africa operations

STANDARD Chartered is exploring a potential divestment of its wealth and retail banking operations in Botswana, Uganda and Zambia, it said on Wednesday (Nov 27), as the banking giant looks to free up capital in the midst of a broad shake-up.

Business Times

Standard Chartered mulls sale of wealth, retail operations in Africa

LAGOS: Access Holdings said on Wednesday that its flagship subsidiary, Access Bank has completed the acquisition of Standard Chartered Bank Angola S.A and Standard Chartered Bank (Sierra Leone] Limited. Commenting on the completion milestone, Roosevelt Ogbonna, the MD/CEO of Access Bank PLC and CEO of the Banking Group said: “We are pleased to have successfully […]

Independent Newspapers Nigeria

Access Bank Completes Acquisition Of Standard Chartered Bank In Angola, Sierra Leone – Independent Newspaper Nigeria

(Reuters) -Standard Chartered is exploring a potential divestment of its wealth and retail banking operations in Botswana, Uganda and Zambia, it said on Wednesday, as the banking giant restructures its operations in a bid to trim costs. The Asia-focussed lender, like rival HSBC, is shaking up its business to focus more on affluent individual customers […]

Global Banking & Finance Review

StanChart Plans Africa Exit to Slash Costs, Focus on Wealth

Standard Chartered PLC has announced its plan to explore the sale of its wealth and retail banking businesses in Botswana, Uganda, and Zambia. In these territories, the bank still plans to service “the cross-border needs of global corporate and financial institution clients”. The bank said the move comes as it is ‘refreshing strategic priorities’ as communicated previously in its third-quarter results, with the focus now on “accelerating income …

Online news from Uganda and the East African region - SoftPower News

Standard Chartered Seeks Exit for Botswana, Uganda & Zambia Banking Businesses

The move is designed to free up capital for increased investment in its affluent franchise, a key growth driver for the bank. The bank announced it is exploring the potential sale of its WRB businesses in Botswana, Uganda, and Zambia. The strategic decision aligns with its broader goal of accelerating income growth and returns, as outlined in its recent third-quarter results. By divesting these businesses, Standard Chartered aims to focus its ef…

LeapRate

Standard Chartered Explores Sale of Some Wealth & Retail Banking Businesses in Africa.

27 November 2024 Standard Chartered PLC (LSE:STAN) has announced its plan to explore the sale of its wealth and retail…

Your Botswana

Standard Chartered seeks exit for Botswana, Uganda, and Zambia banking businesses – YourBotswana

In search of growth in priority markets, the British banking group is in discussions to sell its operations in Uganda, Zambia and Botswana.

En quête de croissance sur des marchés prioritaires, le groupe bancaire britannique est en discussion pour céder ses opérations en Ouganda, en Zambie et au Botswana.

Standard Chartered eyes sale of three African retail banking businesses

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