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Standard Bank's Africa costs weigh on profit

August 16, 2012 Comments Off on Standard Bank's Africa costs weigh on profit

August 16, 2012, 5:20 pm

By Helen Nyambura-Mwaura
JOHANNESBURG (Reuters) – Standard Bank will press ahead with expensive plans to open another 30 branches in sub-Saharan Africa this year, aiming to cash in on booming loan and deposit growth even as the costs of such investment hit its bottom…

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