Barclays Africa forecasts single-digit loan growth

Comment on this story
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

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines