Standard Bank’s personal, business loans up 50 pct in 2011 MyZA

JOHANNESBURG Jan 27 (Reuters) – Standard Bank
, Africa’s largest lender, lent 75 billion rand ($9.63
billion) to its South African personal and business customers in
2011, nearly 50 percent more than the previous year.

Home loans rose 34 billion rand, Peter Schlebusch, the CEO
of Personal and Business Banking, said in a statement on
Thursday. Loans to the affordable housing segment grew 54
percent, he said.

Standard Bank will post its full-year financial results in
March. Its shares closed Thursday’s session at 106.16 rand, up
7.5 percent this year.
($1 = 7.7888 South African rand)

(Reporting by Helen Nyambura-Mwaura)