Standard Chartered Sees Africa Future Amid Branch Network Review

Diana Layfield, CEO, Standard Chartered Africa

Standard Chartered Plc (STAN), the British bank that has operated in Africa for more than 150 years, said the continent remains part of its consumer banking plans even as the lender reviews its global branch network.

While the lender is considering closing branches as more customers migrate to online and mobile transactions, it is still Standard Chartered’s “ambition to be the leading international retail bank within our footprint in Africa, Asia and the Middle East,” Diana Layfield, Africa chief executive officer for the London-based lender, said in an e-mailed response to questions on Jan. 23.

“With digital access comes a reduction in branch traffic, so it is only natural for us to review our current branches and optimize our digital platforms,” she said.

Read more: Standard Chartered Sees Africa Future Amid Branch Network Review – Bloomberg.

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