Transactional and lending activity is recovering, Standard Bank says

Transactional and lending activity is recovering, Standard Bank says 🔒

2021-11-29 11:46:00 AM

Transactional and lending activity is recovering, Standard Bank says 🔒

In the broader Africa region personal loan volumes were also higher, driven by a strong recovery in branch-originated loans

Andries MahlanguStandard Bank, the biggest lender in Africa by assets, said on Monday that its lending and transactional activity continued to gather pace in the nine months to end-October.Mortgage, vehicle and asset finance, and business disbursements in SA fared “well above” the prior comparable period, which was marred by the fallout from the Covid-19 pandemic. Personal unsecured lending disbursements recovered to 2019 levels...

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