South Africa's Standard Bank awarded banking license in Ivory Coast - CNBC Africa

South Africa's Standard Bank awarded banking license in Ivory Coast

Western Africa

by Reuters 0

South Africa's Standard Bank awarded banking license in Ivory Coast. Photo: Wikimedia

South Africa's Standard Bank has been awarded a banking license in Ivory Coast, one of Africa's fastest growing economies, extending its reach to 20 countries on the continent, the lender said on Monday.

"Standard Bank – trading as Stanbic Bank – has been formally awarded a banking license in Côte d’Ivoire," it said in a statement, adding that it was gearing up to commence banking operations but did not give a timeframe.

 

(Reporting by TJ Strydom; Editing by James Macharia)

 

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