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Barclays Africa forecasts single-digit loan growth

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Johannesburg - Barclays Africa sees “mid single digit” loan growth continuing, its deputy chief executive said on Wednesday, reflecting its more cautious stance to writing new business.

Deputy chief executive David Hodnett made the comment at Barclays Africa's first-half earnings presentation.

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CAPE TOWN, SOUTH AFRICA - OCTOBER 26: Branding during the Absa Currie Cup final match between DHL Western Province and The Sharks at DHL Newlands on October 26, 2013 in Cape Town, South Africa. (Photo by Luke Walker/Gallo Images)

The bank, an arm of London-based Barclays, reported loan growth of around 5 percent in the six months to the end of June. - Reuters

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