{"id":10057,"date":"2012-04-19T04:21:01","date_gmt":"2012-04-19T02:21:01","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/update-1-stanchart-eyes-2-5-bln-of-africa-revenue-in-5-yrs\/"},"modified":"2012-04-19T04:21:01","modified_gmt":"2012-04-19T02:21:01","slug":"update-1-stanchart-eyes-2-5-bln-of-africa-revenue-in-5-yrs","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-stanchart-eyes-2-5-bln-of-africa-revenue-in-5-yrs\/","title":{"rendered":"UPDATE 1-StanChart eyes $2.5 bln of Africa revenue in 5 yrs"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>(For news from the Reuters Africa Investment Summit, click <a href=\"http:\/\/www.reuters.com\/summit\/AfricaInvestment12\">here<\/a>)<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Exploring entry into Senegal, S.Sudan, Mozambique and<br \/>\nEthiopia<\/p>\n<p><span><\/span><\/p>\n<p>* To add more than 100 new branches by 2015<\/p>\n<p><span><\/span><\/p>\n<p>* Islamic finance up<\/p>\n<p> (Adds details, quotes)<\/p>\n<p><span><\/span><\/p>\n<p>By Helen Nyambura-Mwaura and Enos Phosa<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, April 18 (Reuters) &#8211; Standard Chartered<br \/>\n aims to double its African revenues to $2.5 billion in<br \/>\nthe next five years and is mulling opportunities in fast-growing<br \/>\neconomies such as Senegal, its head of Europe, the Middle East<br \/>\nand Africa said on Wednesday.<\/p>\n<p><span><\/span><\/p>\n<p>The London-based emerging markets lender spans Asia and<br \/>\nAfrica, but lacks exposure to slow-growing European markets or<br \/>\nU.S. subprime mortgages, making it one of few Western banks with<br \/>\nthe money to expand operations in the under-served continent.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;If my business was $1.3 billion last year, my aspiration<br \/>\nand ambition is that within the next four to five years, that<br \/>\ngets to $2.5 billion, roughly double,&#8221; V. Shankar told the<br \/>\nReuters Africa Investment Summit.<\/p>\n<p><span><\/span><\/p>\n<p>The growth will entail increasing headcount past the current<br \/>\n7,000 and adding an extra 100 branches across the continent by<br \/>\n2015 from 160 presently, he said in an interview at Reuters<br \/>\noffices in Johannesburg.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(For news from the Reuters Africa Investment Summit, click here) * Exploring entry into Senegal, S.Sudan, Mozambique and Ethiopia * To add more than 100 new branches by 2015 * Islamic finance up (Adds details, quotes) By Helen Nyambura-Mwaura and Enos Phosa JOHANNESBURG, April 18 (Reuters) &#8211; Standard Chartered aims to double its African revenues [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-10057","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10057","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=10057"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10057\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}