Barclays Africa forecasts single-digit loan growth

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Absa Gallo Images (Photo by Luke Walker/Gallo Images).

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.

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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