Stanbic Bank

Last updated on 2017-09-29T09:05+0300.

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Stanbic Bank said : "Business conditions in the Kenyan private sector recovered partially in May, after tightened measures on travel and curfew led to a steep contraction in April," External link

4-traders Friday, June 4, 2021 12:11:00 PM EAT

Stanbic Bank states ( about Stanbic Bank ) : “As discussed this car was repossessed by the bank in 2014 and was sold to another customer. Now the previous owner wants to claim the insurance premium charged for the period 2013/2014 because we have not given him a copy of the Policy Schedule. We need a cover confirmation letter that we covered the vehicle for the period 18-04-2013 to 17-04-2014.) The Bank need(s) to present the case tomorrow and we will appreciate your prompt response” External link

sundaystandard Thursday, April 29, 2021 2:06:00 PM EAT

Stanbic Bank said : "Businesses highlighted that cashflow problems linked to the COVID-19 pandemic meant that households often limited spending to essential items," External link

4-traders Wednesday, April 7, 2021 11:10:00 AM EAT

Stanbic Bank said : “In uplifting our clients financially, we issued repayment holidays and moratoriums to 7,203 clients,” External link

standardmedia Saturday, March 6, 2021 12:13:00 AM EAT

Stanbic Bank said ( about Stanbic Bank ) : “Despite a challenging operating environment, I am proud that Stanbic stood shoulder to shoulder with our clients and the Kenyan community when it really mattered most,” External link

standardmedia Saturday, March 6, 2021 12:13:00 AM EAT

Stanbic Bank explained : “The latest increase was sharp and quickened from that seen in September,” External link

standardmedia Thursday, February 4, 2021 11:34:00 AM EAT

Stanbic Bank says : “The third CIIE arrives at a time when the facilitation of trade is crucial to off setting the economic consequences of Covid-19. It is critical that we find new ways of connecting our customers to the markets that hold potential for African businesses to expand and grow” External link

newsday Saturday, November 21, 2020 6:30:00 AM EAT

Stanbic Bank explained : “The latest increase was sharp and quickened from that seen in September,” External link

standardmedia Thursday, November 5, 2020 6:08:00 AM EAT

Stanbic Bank said ( about Stanbic Bank ) : “As a Bank, Stanbic always brings the best to our clients and sports enthusiasts – in this case, golfers and golf followers. Golf provides an excellent atmosphere for players to learn from each other. The event is therefore aimed at creating networking opportunities for all as we have fun playing the lovely game of golf” External link

BFTOnline Friday, October 9, 2020 2:22:00 PM EAT

Stanbic Bank said : “We are obviously disappointed that there is no Wine Tasting Festival this year, but the circumstances are definitely beyond anyone’s control and we are happy to oblige for the health and safety of all our stakeholders. We were geared to host an unforgettable event this year, nevertheless, we look forward to the next edition of the Festival, hopefully in 2021,” External link

newsday Wednesday, September 30, 2020 5:20:00 PM EAT

Stanbic Bank confirmed : “A criminal complaint against some of our employees arising from a property foreclosure process following a consent judgement against one of our clients has been brought to our attention” External link

ChimpsReport Monday, September 28, 2020 12:41:00 PM EAT

Stanbic Bank said : “A second consecutive month of growth continues to indicate that the private sector is moderately emerging from the trough in April. Easier curfew restrictions and ameliorating external demand continue to support purchasing activity,” External link

standardmedia Tuesday, September 8, 2020 5:36:00 AM EAT

Stanbic Bank said : “A second consecutive month of growth continues to indicate that the private sector is moderately emerging from the trough in April. Easier curfew restrictions and ameliorating external demand continue to support purchasing activity,” External link

standardmedia Friday, September 4, 2020 12:31:00 AM EAT

Stanbic Bank said : “Even despite the overall index picking up around June and July, the job sub-index is still below 50 (signalling a drop),” External link

businessdailyafrica Wednesday, September 2, 2020 7:29:00 AM EAT

Stanbic Bank said : “We are working closely with the Ministry of Health and have since implemented the necessary incident management protocols and provided the health care support to the affected member of staff under medical care,” “We appeal to all our customers and the general public to continue practicing the right precautionary measures and observe the SOP’s by the ministry of health to curb the spread of infections, protect our families and save lives” External link

ChimpsReport Tuesday, August 25, 2020 7:14:00 PM EAT

Stanbic Bank said ( about Stanbic Bank ) : “After improving at a really strong pace for most of 2017, the Ghanaian private sector’s growth slowed moderately in January. However, at 52.6 the headline PMI still indicates that business conditions remain healthy in Ghana. It is our expectation that the economy should continue benefitting from expansion in oil production as well as a more favourable credit environment. As such, we expect that the economy should grow by at least 7.0% over the course of the next two years. The non-oil sector should start benefitting from easier monetary conditions after the Bank of Ghana delivered over 500 bps worth of cuts to the policy rate in 2017. As such, private sector credit growth should rebound towards the 25% region from 13.7% in each of the last two years. Perhaps uncertainties around the possible consolidation of the banking sector ahead of the increase in minimum capital requirements may have played a role in dampening credit appetite” External link

BFTOnline Saturday, August 22, 2020 10:18:00 PM EAT

Stanbic Bank said ( about Stanbic Bank ) : “After improving at a really strong pace for most of 2017, the Ghanaian private sector’s growth slowed moderately in January. However, at 52.6 the headline PMI still indicates that business conditions remain healthy in Ghana. It is our expectation that the economy should continue benefitting from expansion in oil production as well as a more favourable credit environment. As such, we expect that the economy should grow by at least 7.0% over the course of the next two years. The non-oil sector should start benefitting from easier monetary conditions after the Bank of Ghana delivered over 500 bps worth of cuts to the policy rate in 2017. As such, private sector credit growth should rebound towards the 25% region from 13.7% in each of the last two years. Perhaps uncertainties around the possible consolidation of the banking sector ahead of the increase in minimum capital requirements may have played a role in dampening credit appetite” External link

BFTOnline Friday, August 14, 2020 5:22:00 PM EAT

Stanbic Bank said : “We are still flexible and are prepared to continue to support our customers during these challenging times,” External link

businessdailyafrica Wednesday, August 5, 2020 7:42:00 AM EAT

Stanbic Bank said : “The damage done by Covid-19 could last for the better part of the next six months, notwithstanding what official growth statistics may indicate,” External link

businessdailyafrica Friday, July 24, 2020 6:49:00 AM EAT

Stanbic Bank said ( about Stanbic Bank ) : “After improving at a really strong pace for most of 2017, the Ghanaian private sector’s growth slowed moderately in January. However, at 52.6 the headline PMI still indicates that business conditions remain healthy in Ghana. It is our expectation that the economy should continue benefitting from expansion in oil production as well as a more favourable credit environment. As such, we expect that the economy should grow by at least 7.0% over the course of the next two years. The non-oil sector should start benefitting from easier monetary conditions after the Bank of Ghana delivered over 500 bps worth of cuts to the policy rate in 2017. As such, private sector credit growth should rebound towards the 25% region from 13.7% in each of the last two years. Perhaps uncertainties around the possible consolidation of the banking sector ahead of the increase in minimum capital requirements may have played a role in dampening credit appetite” External link

BFTOnline Monday, July 6, 2020 6:04:00 AM EAT

Stanbic Bank said ( about Stanbic Bank ) : “After rising to a six-month high of 55.2 in March, the Stanbic Bank Ghana PMI eased slightly to 54.5 as growth in employment softened despite continued growth in output. While many businesses received a strong level of new orders, the rate of growth slowed slightly in April as business activity normalized to more sustainable levels” External link

BFTOnline Monday, June 29, 2020 1:55:00 AM EAT

Stanbic Bank said ( about Stanbic Bank ) : “After rising to a six-month high of 55.2 in March, the Stanbic Bank Ghana PMI eased slightly to 54.5 as growth in employment softened despite continued growth in output. While many businesses received a strong level of new orders, the rate of growth slowed slightly in April as business activity normalized to more sustainable levels” External link

BFTOnline Thursday, June 25, 2020 6:46:00 AM EAT

Stanbic Bank said : “Our relatively constructive view is founded on an assessment that the country’s BOP has strengthened on a durable basis. Oil exports have helped to turn the trade balance to surplus, something that is likely to last. In the first five months of the year, total exports amounted to roughly USD1.5 billion, giving rise to a trade surplus of USD261.1 million” External link

BFTOnline Thursday, June 18, 2020 10:39:00 AM EAT

Stanbic Bank said : “The PMI is still showing that the private sector is growing, having done so for 29 consecutive months. Businesses surveyed indicated that customer numbers and new orders were increasing, as were workloads, inventories and employment levels. Nonetheless, the drop in the PMI to 52.7 in June from 55.8 in May illustrated that the pace of growth decelerated. It is noticeable that there was some increase in inflation pressures” External link

BFTOnline Thursday, June 18, 2020 3:18:00 AM EAT

Stanbic Bank said : “The PMI is still showing that the private sector is growing, having done so for 29 consecutive months. Businesses surveyed indicated that customer numbers and new orders were increasing, as were workloads, inventories and employment levels. Nonetheless, the drop in the PMI to 52.7 in June from 55.8 in May illustrated that the pace of growth decelerated. It is noticeable that there was some increase in inflation pressures. Staff costs accelerated, one set of factors precipitating the increase in inflation pressures. Input costs also rose in the month, with respondents attributing such an increase to the depreciation of the cedi and higher fuel prices. The PMI is broadly consistent with macroeconomic data that shows the economy growing strongly. The hint of pricing pressures indicated by the survey results might be confirmed by a deceleration in the pace of decline in actual consumer price inflation” External link

BFTOnline Tuesday, June 16, 2020 10:02:00 AM EAT

Stanbic Bank said ( about Stanbic Bank ) : “After rising to a six-month high of 55.2 in March, the Stanbic Bank Ghana PMI eased slightly to 54.5 as growth in employment softened despite continued growth in output. While many businesses received a strong level of new orders, the rate of growth slowed slightly in April as business activity normalized to more sustainable levels” External link

BFTOnline Monday, June 1, 2020 10:02:00 PM EAT

Stanbic Bank said ( about Stanbic Bank ) : “After improving at a really strong pace for most of 2017, the Ghanaian private sector’s growth slowed moderately in January. However, at 52.6 the headline PMI still indicates that business conditions remain healthy in Ghana. It is our expectation that the economy should continue benefitting from expansion in oil production as well as a more favourable credit environment. As such, we expect that the economy should grow by at least 7.0% over the course of the next two years. The non-oil sector should start benefitting from easier monetary conditions after the Bank of Ghana delivered over 500 bps worth of cuts to the policy rate in 2017. As such, private sector credit growth should rebound towards the 25% region from 13.7% in each of the last two years. Perhaps uncertainties around the possible consolidation of the banking sector ahead of the increase in minimum capital requirements may have played a role in dampening credit appetite” External link

BFTOnline Monday, June 1, 2020 8:16:00 AM EAT



Key Titles and Phrases Count Lang Last Seen
Names Lang Count
Stanbic BankEN73.08%
Stanbic bankEN12.45%
Stanbic bankFR4.67%
Stanbic BankFR4.30%
Stanbic BankSW3.94%
STANBIC BANKEN1.10%
STANBIC BANKFR0.18%
STANBIC BANKSA0.09%
Stanbic bankSW0.09%
Stanbic BankPT0.09%


 
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Stanbic Bank states ( about Stanbic Bank ) : “As discussed this car was repossessed by the bank in 2014 and was sold to another customer. Now the previous owner wants to claim the insurance premium charged for the period 2013/2014 because we have not given him a copy of the Policy Schedule. We need a cover confirmation letter that we covered the vehicle for the period 18-04-2013 to 17-04-2014.) The Bank need(s) to present the case tomorrow and we will appreciate your prompt response” External link

sundaystandard Thursday, April 29, 2021 2:06:00 PM EAT

Grace Akullo states ( about Stanbic Bank ) : “Following an anonymous phone call from a staff of Bank of Africa to Pegasus Technologies that there were payments off their account at MTN Uganda and Airtel Uganda which they had not originated from the bank. Pegasus Technologies checked and established that they had not initiated the transactions either,” External link

independent-UG Saturday, April 24, 2021 2:57:00 AM EAT

Joseph D Giarraputo said ( about Stanbic Bank ) : “Banks are playing a key role in economic recovery around the world. Our Best Bank awards highlight the leaders in restoring growth and mapping a way forward. This year’s evaluations are more important and valuable than at any point in their 28-year history, given the unprecedented economic conditions wrought by the global pandemic,” External link

dailynews-co-zw Tuesday, March 30, 2021 7:00:00 PM EAT

Joseph D Giarraputo said ( about Stanbic Bank ) : “Banks are playing a key role in economic recovery around the world. Our Best Bank awards highlight the leaders in restoring growth and mapping a way forward. This year’s evaluations are more important and valuable than at any point in their 28-year history, given the unprecedented economic conditions wrought by the global pandemic,” External link

thezimbabwemail Sunday, March 28, 2021 9:50:00 PM EAT

Joseph D Giarraputo said ( about Stanbic Bank ) : "Banks are playing a key role in economic recovery around the world. Our Best Bank awards highlight the leaders in restoring growth and mapping a way forward. This year's evaluations are more important and valuable than at any point in their 28-year history, given the unprecedented economic conditions wrought by the global pandemic," External link

onlinenigeria Friday, March 26, 2021 7:48:00 PM EAT

Joseph D Giarraputo said ( about Stanbic Bank ) : "Banks are playing a key role in economic recovery around the world. Our Best Bank awards highlight the leaders in restoring growth and mapping a way forward. This year's evaluations are more important and valuable than at any point in their 28-year history, given the unprecedented economic conditions wrought by the global pandemic," External link

bulawayo24 Friday, March 26, 2021 3:36:00 PM EAT

Global Finance said ( about Stanbic Bank ) : “Banks are playing a key role in economic recovery around the world. Our Best Bank awards highlight the leaders in restoring growth and mapping a way forward,” External link

iol Thursday, March 25, 2021 9:17:00 AM EAT

Stanbic Bank said ( about Stanbic Bank ) : “Despite a challenging operating environment, I am proud that Stanbic stood shoulder to shoulder with our clients and the Kenyan community when it really mattered most,” External link

standardmedia Saturday, March 6, 2021 12:13:00 AM EAT

Betty Maina said ( about Stanbic Bank ) : “This partnership between the ministry, Stanbic Bank Kenya and Microsoft will go a long way in enhancing the government’s investments in the capacity building and adoption of digital technologies which will give the country a competitive advantage,” External link

iol Tuesday, February 16, 2021 5:11:00 PM EAT

Kizza Besigye said ( about Stanbic Bank ) : "All the money that they are using to hunt down our people is borrowed. It is not Ugandans' money. From March up to now, they have borrowed about $1.7 billion (Shs6.2 trillion). Euros 600 million (Shs2.6 trillion) from Stanbic Bank, $500 million (Shs1.8 trillion) from the [International Monetary Fund] IMF, $300 million (Shs1 trillion) from the World Bank and others from small entities. It is that money that is torturing us and yet we are the ones going to pay it," External link

allafrica Monday, February 8, 2021 4:27:00 AM EAT

Samson Kasasira said ( about Stanbic Bank ) : “The victim had called the chairperson on phone the previous day and the chairperson directed her to find him in Mbarara Town,” “On (Wednesday) the victim came to meet the chairperson for the stamp. They met at Stanbic bank where the chairperson told the victim to sit in a vehicle and they go for stamp” External link

ChimpsReport Monday, February 1, 2021 9:06:00 PM EAT

Alhassan Andani said ( about Stanbic Bank ) : “As with all relay races, it is now time to hand over the torch to my successor who will see Stanbic Bank into the next level of banking excellence. I have worked with Kwamina for a decade, and I am happy to have him push Stanbic to the next stage. His ability and work ethic will stand him in good stead as an excellent Chief Executive,” External link

BFTOnline Thursday, October 29, 2020 6:30:00 AM EAT

Alhassan Andani said ( about Stanbic Bank ) : “As with all races, it is now time to hand over the torch to my successor who will see Stanbic Bank into the next level of banking excellence. I have worked with Kwamina for a decade and I am happy to have him push Stanbic to the next stage. His ability and work ethic will stand him in good stead as an excellent Chief Executive,” External link

3NewsGhana Wednesday, October 28, 2020 2:07:00 PM EAT

Alhassan Andani said ( about Stanbic Bank ) : “I am very happy to have worked with an amazing team for close to a decade and half to achieve many of our targets. We overhauled our bank and rose to the very top of the industry. We are a family that looked after one another to achieve greatness thereby placing Stanbic at the pinnacle of excellence in banking. Our clients believe in what we do and have helped to spread our footprint across the country by embracing our products and services” External link

CitiFMGhana Wednesday, October 28, 2020 1:30:00 PM EAT

Kwabena Adjei added ( about Stanbic Bank ) : “I am profoundly grateful to the Government of Ghana for the 1D1F initiative which has assisted Kasapreko to access a $25 million Stanbic Bank loan for the construction of the factory. The private sector is the engine of growth for every economy, but the private sector can only thrive in an enabling environment anchored by good ‘growth driven’ policies by Government. There is therefore the need for more collaboration between the private sector and Government to drive the growth we all desire. Indeed, Kasapreko appreciates its association with the Government of Ghana on the One District, One Factory initiative and finds it timely to have been supported by the Government to promote a Ghanaian owned business” External link

BFTOnline Wednesday, October 14, 2020 8:40:00 PM EAT

Stanbic Bank said ( about Stanbic Bank ) : “As a Bank, Stanbic always brings the best to our clients and sports enthusiasts – in this case, golfers and golf followers. Golf provides an excellent atmosphere for players to learn from each other. The event is therefore aimed at creating networking opportunities for all as we have fun playing the lovely game of golf” External link

BFTOnline Friday, October 9, 2020 2:22:00 PM EAT

Alhassan Andani observed ( about Stanbic Bank ) : “Following years of stable macro-economic growth, the affluent segment in Ghana continues to see significant growth; and it is important that Stanbic Bank, through its niche wealth business, is able to deal with the complexities such growth comes with” External link

BFTOnline Monday, September 28, 2020 5:11:00 AM EAT

Alhassan Andani said ( about Stanbic Bank ) : “We believe that when our SME sector is supported to survive this pandemic, the sector will be uniquely positioned to continue being the backbone of the Ghanaian economy that takes it to the next level” “Stanbic Bank has, since the advent of the pandemic, put in place a number of measures to ensure that Ghanaian SMEs are supported through these difficult times and this joint project fits perfectly into our efforts to mitigate the impact of COVID-19. This partnership with the IFE is the ideal supplement to our own efforts so far,” External link

CitiFMGhana Monday, August 31, 2020 12:48:00 PM EAT

Alhassan Andani said ( about Stanbic Bank ) : “This is the time for us to demonstrate our unity in achieving the common goal of combatting spread of the virus. We must do this without losing sight of our collective responsibility in contributing in various ways to stop the spread. For us at Stanbic Bank, we believe Ghana is our home and our commitment to drive its growth will continue to find expression in the things that we do to support the fight against this pandemic. As we tackle the challenge of supplies, the collective task is for each of us to be personally responsible for our health and that of the community,” External link

BFTOnline Monday, August 24, 2020 2:55:00 AM EAT

Stanbic Bank said ( about Stanbic Bank ) : “After improving at a really strong pace for most of 2017, the Ghanaian private sector’s growth slowed moderately in January. However, at 52.6 the headline PMI still indicates that business conditions remain healthy in Ghana. It is our expectation that the economy should continue benefitting from expansion in oil production as well as a more favourable credit environment. As such, we expect that the economy should grow by at least 7.0% over the course of the next two years. The non-oil sector should start benefitting from easier monetary conditions after the Bank of Ghana delivered over 500 bps worth of cuts to the policy rate in 2017. As such, private sector credit growth should rebound towards the 25% region from 13.7% in each of the last two years. Perhaps uncertainties around the possible consolidation of the banking sector ahead of the increase in minimum capital requirements may have played a role in dampening credit appetite” External link

BFTOnline Saturday, August 22, 2020 10:18:00 PM EAT

Stanbic Bank said ( about Stanbic Bank ) : “After improving at a really strong pace for most of 2017, the Ghanaian private sector’s growth slowed moderately in January. However, at 52.6 the headline PMI still indicates that business conditions remain healthy in Ghana. It is our expectation that the economy should continue benefitting from expansion in oil production as well as a more favourable credit environment. As such, we expect that the economy should grow by at least 7.0% over the course of the next two years. The non-oil sector should start benefitting from easier monetary conditions after the Bank of Ghana delivered over 500 bps worth of cuts to the policy rate in 2017. As such, private sector credit growth should rebound towards the 25% region from 13.7% in each of the last two years. Perhaps uncertainties around the possible consolidation of the banking sector ahead of the increase in minimum capital requirements may have played a role in dampening credit appetite” External link

BFTOnline Friday, August 14, 2020 5:22:00 PM EAT

Stanbic Bank said ( about Stanbic Bank ) : “After improving at a really strong pace for most of 2017, the Ghanaian private sector’s growth slowed moderately in January. However, at 52.6 the headline PMI still indicates that business conditions remain healthy in Ghana. It is our expectation that the economy should continue benefitting from expansion in oil production as well as a more favourable credit environment. As such, we expect that the economy should grow by at least 7.0% over the course of the next two years. The non-oil sector should start benefitting from easier monetary conditions after the Bank of Ghana delivered over 500 bps worth of cuts to the policy rate in 2017. As such, private sector credit growth should rebound towards the 25% region from 13.7% in each of the last two years. Perhaps uncertainties around the possible consolidation of the banking sector ahead of the increase in minimum capital requirements may have played a role in dampening credit appetite” External link

BFTOnline Monday, July 6, 2020 6:04:00 AM EAT

Sam Tshabalala said ( about Stanbic Bank ) : "Our extended agreement with Salesforce is a major step towards transforming the Standard Bank Group into a client-centred platform business that delivers a range of individualized, instantly available solutions, services and opportunities, enabled by modern digital technologies and delivered in whatever way a client prefers. Our goal is to use our data capabilities to build deeper, better and more enduring relationships with our clients," External link

bulawayo24 Thursday, July 2, 2020 10:57:00 AM EAT

Alhassan Andani said ( about Stanbic Bank ) : “This is the time for us to demonstrate our unity in achieving the common goal of combatting spread of the virus. We must do this without losing sight of our collective responsibility in contributing in various ways to stop the spread. For us at Stanbic Bank, we believe Ghana is our home and our commitment to drive its growth will continue to find expression in the things that we do to support the fight against this pandemic. As we tackle the challenge of supplies, the collective task is for each of us to be personally responsible for our health and that of the community,” External link

BFTOnline Thursday, July 2, 2020 7:46:00 AM EAT

Stanbic Bank said ( about Stanbic Bank ) : “After rising to a six-month high of 55.2 in March, the Stanbic Bank Ghana PMI eased slightly to 54.5 as growth in employment softened despite continued growth in output. While many businesses received a strong level of new orders, the rate of growth slowed slightly in April as business activity normalized to more sustainable levels” External link

BFTOnline Monday, June 29, 2020 1:55:00 AM EAT

Alhassan Andani said ( about Stanbic Bank ) : “In the next five to ten years, Stanbic will be a highly digitally driven financial services organization. We give you a one-stop shop for a total customer fulfillment. The 20 years journey of Stanbic Bank Ghana has truly been the story of the patience of our shareholders, the loyalty of our customers and the hard work of our staff” External link

BFTOnline Thursday, June 25, 2020 2:01:00 PM EAT

Stanbic Bank said ( about Stanbic Bank ) : “After rising to a six-month high of 55.2 in March, the Stanbic Bank Ghana PMI eased slightly to 54.5 as growth in employment softened despite continued growth in output. While many businesses received a strong level of new orders, the rate of growth slowed slightly in April as business activity normalized to more sustainable levels” External link

BFTOnline Thursday, June 25, 2020 6:46:00 AM EAT

Stanbic Bank said ( about Stanbic Bank ) : “After rising to a six-month high of 55.2 in March, the Stanbic Bank Ghana PMI eased slightly to 54.5 as growth in employment softened despite continued growth in output. While many businesses received a strong level of new orders, the rate of growth slowed slightly in April as business activity normalized to more sustainable levels” External link

BFTOnline Monday, June 1, 2020 10:02:00 PM EAT

Stanbic Bank said ( about Stanbic Bank ) : “After improving at a really strong pace for most of 2017, the Ghanaian private sector’s growth slowed moderately in January. However, at 52.6 the headline PMI still indicates that business conditions remain healthy in Ghana. It is our expectation that the economy should continue benefitting from expansion in oil production as well as a more favourable credit environment. As such, we expect that the economy should grow by at least 7.0% over the course of the next two years. The non-oil sector should start benefitting from easier monetary conditions after the Bank of Ghana delivered over 500 bps worth of cuts to the policy rate in 2017. As such, private sector credit growth should rebound towards the 25% region from 13.7% in each of the last two years. Perhaps uncertainties around the possible consolidation of the banking sector ahead of the increase in minimum capital requirements may have played a role in dampening credit appetite” External link

BFTOnline Monday, June 1, 2020 8:16:00 AM EAT

AfricaBrief

Stanbic Bank

Last updated on 2017-09-29T09:05+0300.

About this image

sign

Quotes... Extracted quotes from

Stanbic Bank said : "Business conditions in the Kenyan private sector recovered partially in May, after tightened measures on travel and curfew led to a steep contraction in April," External link

4-traders Friday, June 4, 2021 12:11:00 PM EAT

Stanbic Bank states ( about Stanbic Bank ) : “As discussed this car was repossessed by the bank in 2014 and was sold to another customer. Now the previous owner wants to claim the insurance premium charged for the period 2013/2014 because we have not given him a copy of the Policy Schedule. We need a cover confirmation letter that we covered the vehicle for the period 18-04-2013 to 17-04-2014.) The Bank need(s) to present the case tomorrow and we will appreciate your prompt response” External link

sundaystandard Thursday, April 29, 2021 2:06:00 PM EAT

Stanbic Bank said : "Businesses highlighted that cashflow problems linked to the COVID-19 pandemic meant that households often limited spending to essential items," External link

4-traders Wednesday, April 7, 2021 11:10:00 AM EAT

Stanbic Bank said : “In uplifting our clients financially, we issued repayment holidays and moratoriums to 7,203 clients,” External link

standardmedia Saturday, March 6, 2021 12:13:00 AM EAT

Stanbic Bank said ( about Stanbic Bank ) : “Despite a challenging operating environment, I am proud that Stanbic stood shoulder to shoulder with our clients and the Kenyan community when it really mattered most,” External link

standardmedia Saturday, March 6, 2021 12:13:00 AM EAT

Stanbic Bank explained : “The latest increase was sharp and quickened from that seen in September,” External link

standardmedia Thursday, February 4, 2021 11:34:00 AM EAT

Stanbic Bank says : “The third CIIE arrives at a time when the facilitation of trade is crucial to off setting the economic consequences of Covid-19. It is critical that we find new ways of connecting our customers to the markets that hold potential for African businesses to expand and grow” External link

newsday Saturday, November 21, 2020 6:30:00 AM EAT

Stanbic Bank explained : “The latest increase was sharp and quickened from that seen in September,” External link

standardmedia Thursday, November 5, 2020 6:08:00 AM EAT

Stanbic Bank said ( about Stanbic Bank ) : “As a Bank, Stanbic always brings the best to our clients and sports enthusiasts – in this case, golfers and golf followers. Golf provides an excellent atmosphere for players to learn from each other. The event is therefore aimed at creating networking opportunities for all as we have fun playing the lovely game of golf” External link

BFTOnline Friday, October 9, 2020 2:22:00 PM EAT

Stanbic Bank said : “We are obviously disappointed that there is no Wine Tasting Festival this year, but the circumstances are definitely beyond anyone’s control and we are happy to oblige for the health and safety of all our stakeholders. We were geared to host an unforgettable event this year, nevertheless, we look forward to the next edition of the Festival, hopefully in 2021,” External link

newsday Wednesday, September 30, 2020 5:20:00 PM EAT

Stanbic Bank confirmed : “A criminal complaint against some of our employees arising from a property foreclosure process following a consent judgement against one of our clients has been brought to our attention” External link

ChimpsReport Monday, September 28, 2020 12:41:00 PM EAT

Stanbic Bank said : “A second consecutive month of growth continues to indicate that the private sector is moderately emerging from the trough in April. Easier curfew restrictions and ameliorating external demand continue to support purchasing activity,” External link

standardmedia Tuesday, September 8, 2020 5:36:00 AM EAT

Stanbic Bank said : “A second consecutive month of growth continues to indicate that the private sector is moderately emerging from the trough in April. Easier curfew restrictions and ameliorating external demand continue to support purchasing activity,” External link

standardmedia Friday, September 4, 2020 12:31:00 AM EAT

Stanbic Bank said : “Even despite the overall index picking up around June and July, the job sub-index is still below 50 (signalling a drop),” External link

businessdailyafrica Wednesday, September 2, 2020 7:29:00 AM EAT

Stanbic Bank said : “We are working closely with the Ministry of Health and have since implemented the necessary incident management protocols and provided the health care support to the affected member of staff under medical care,” “We appeal to all our customers and the general public to continue practicing the right precautionary measures and observe the SOP’s by the ministry of health to curb the spread of infections, protect our families and save lives” External link

ChimpsReport Tuesday, August 25, 2020 7:14:00 PM EAT

Stanbic Bank said ( about Stanbic Bank ) : “After improving at a really strong pace for most of 2017, the Ghanaian private sector’s growth slowed moderately in January. However, at 52.6 the headline PMI still indicates that business conditions remain healthy in Ghana. It is our expectation that the economy should continue benefitting from expansion in oil production as well as a more favourable credit environment. As such, we expect that the economy should grow by at least 7.0% over the course of the next two years. The non-oil sector should start benefitting from easier monetary conditions after the Bank of Ghana delivered over 500 bps worth of cuts to the policy rate in 2017. As such, private sector credit growth should rebound towards the 25% region from 13.7% in each of the last two years. Perhaps uncertainties around the possible consolidation of the banking sector ahead of the increase in minimum capital requirements may have played a role in dampening credit appetite” External link

BFTOnline Saturday, August 22, 2020 10:18:00 PM EAT

Stanbic Bank said ( about Stanbic Bank ) : “After improving at a really strong pace for most of 2017, the Ghanaian private sector’s growth slowed moderately in January. However, at 52.6 the headline PMI still indicates that business conditions remain healthy in Ghana. It is our expectation that the economy should continue benefitting from expansion in oil production as well as a more favourable credit environment. As such, we expect that the economy should grow by at least 7.0% over the course of the next two years. The non-oil sector should start benefitting from easier monetary conditions after the Bank of Ghana delivered over 500 bps worth of cuts to the policy rate in 2017. As such, private sector credit growth should rebound towards the 25% region from 13.7% in each of the last two years. Perhaps uncertainties around the possible consolidation of the banking sector ahead of the increase in minimum capital requirements may have played a role in dampening credit appetite” External link

BFTOnline Friday, August 14, 2020 5:22:00 PM EAT

Stanbic Bank said : “We are still flexible and are prepared to continue to support our customers during these challenging times,” External link

businessdailyafrica Wednesday, August 5, 2020 7:42:00 AM EAT

Stanbic Bank said : “The damage done by Covid-19 could last for the better part of the next six months, notwithstanding what official growth statistics may indicate,” External link

businessdailyafrica Friday, July 24, 2020 6:49:00 AM EAT

Stanbic Bank said ( about Stanbic Bank ) : “After improving at a really strong pace for most of 2017, the Ghanaian private sector’s growth slowed moderately in January. However, at 52.6 the headline PMI still indicates that business conditions remain healthy in Ghana. It is our expectation that the economy should continue benefitting from expansion in oil production as well as a more favourable credit environment. As such, we expect that the economy should grow by at least 7.0% over the course of the next two years. The non-oil sector should start benefitting from easier monetary conditions after the Bank of Ghana delivered over 500 bps worth of cuts to the policy rate in 2017. As such, private sector credit growth should rebound towards the 25% region from 13.7% in each of the last two years. Perhaps uncertainties around the possible consolidation of the banking sector ahead of the increase in minimum capital requirements may have played a role in dampening credit appetite” External link

BFTOnline Monday, July 6, 2020 6:04:00 AM EAT

Stanbic Bank said ( about Stanbic Bank ) : “After rising to a six-month high of 55.2 in March, the Stanbic Bank Ghana PMI eased slightly to 54.5 as growth in employment softened despite continued growth in output. While many businesses received a strong level of new orders, the rate of growth slowed slightly in April as business activity normalized to more sustainable levels” External link

BFTOnline Monday, June 29, 2020 1:55:00 AM EAT

Stanbic Bank said ( about Stanbic Bank ) : “After rising to a six-month high of 55.2 in March, the Stanbic Bank Ghana PMI eased slightly to 54.5 as growth in employment softened despite continued growth in output. While many businesses received a strong level of new orders, the rate of growth slowed slightly in April as business activity normalized to more sustainable levels” External link

BFTOnline Thursday, June 25, 2020 6:46:00 AM EAT

Stanbic Bank said : “Our relatively constructive view is founded on an assessment that the country’s BOP has strengthened on a durable basis. Oil exports have helped to turn the trade balance to surplus, something that is likely to last. In the first five months of the year, total exports amounted to roughly USD1.5 billion, giving rise to a trade surplus of USD261.1 million” External link

BFTOnline Thursday, June 18, 2020 10:39:00 AM EAT

Stanbic Bank said : “The PMI is still showing that the private sector is growing, having done so for 29 consecutive months. Businesses surveyed indicated that customer numbers and new orders were increasing, as were workloads, inventories and employment levels. Nonetheless, the drop in the PMI to 52.7 in June from 55.8 in May illustrated that the pace of growth decelerated. It is noticeable that there was some increase in inflation pressures” External link

BFTOnline Thursday, June 18, 2020 3:18:00 AM EAT

Stanbic Bank said : “The PMI is still showing that the private sector is growing, having done so for 29 consecutive months. Businesses surveyed indicated that customer numbers and new orders were increasing, as were workloads, inventories and employment levels. Nonetheless, the drop in the PMI to 52.7 in June from 55.8 in May illustrated that the pace of growth decelerated. It is noticeable that there was some increase in inflation pressures. Staff costs accelerated, one set of factors precipitating the increase in inflation pressures. Input costs also rose in the month, with respondents attributing such an increase to the depreciation of the cedi and higher fuel prices. The PMI is broadly consistent with macroeconomic data that shows the economy growing strongly. The hint of pricing pressures indicated by the survey results might be confirmed by a deceleration in the pace of decline in actual consumer price inflation” External link

BFTOnline Tuesday, June 16, 2020 10:02:00 AM EAT

Stanbic Bank said ( about Stanbic Bank ) : “After rising to a six-month high of 55.2 in March, the Stanbic Bank Ghana PMI eased slightly to 54.5 as growth in employment softened despite continued growth in output. While many businesses received a strong level of new orders, the rate of growth slowed slightly in April as business activity normalized to more sustainable levels” External link

BFTOnline Monday, June 1, 2020 10:02:00 PM EAT

Stanbic Bank said ( about Stanbic Bank ) : “After improving at a really strong pace for most of 2017, the Ghanaian private sector’s growth slowed moderately in January. However, at 52.6 the headline PMI still indicates that business conditions remain healthy in Ghana. It is our expectation that the economy should continue benefitting from expansion in oil production as well as a more favourable credit environment. As such, we expect that the economy should grow by at least 7.0% over the course of the next two years. The non-oil sector should start benefitting from easier monetary conditions after the Bank of Ghana delivered over 500 bps worth of cuts to the policy rate in 2017. As such, private sector credit growth should rebound towards the 25% region from 13.7% in each of the last two years. Perhaps uncertainties around the possible consolidation of the banking sector ahead of the increase in minimum capital requirements may have played a role in dampening credit appetite” External link

BFTOnline Monday, June 1, 2020 8:16:00 AM EAT



Key Titles and Phrases Count Lang Last Seen
Names Lang Count
Stanbic BankEN73.08%
Stanbic bankEN12.45%
Stanbic bankFR4.67%
Stanbic BankFR4.30%
Stanbic BankSW3.94%
STANBIC BANKEN1.10%
STANBIC BANKFR0.18%
STANBIC BANKSA0.09%
Stanbic bankSW0.09%
Stanbic BankPT0.09%


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Friday, June 18, 2021

1:58:00 PM EAT


Quotes... Explore Relations


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Stanbic Bank states ( about Stanbic Bank ) : “As discussed this car was repossessed by the bank in 2014 and was sold to another customer. Now the previous owner wants to claim the insurance premium charged for the period 2013/2014 because we have not given him a copy of the Policy Schedule. We need a cover confirmation letter that we covered the vehicle for the period 18-04-2013 to 17-04-2014.) The Bank need(s) to present the case tomorrow and we will appreciate your prompt response” External link

sundaystandard Thursday, April 29, 2021 2:06:00 PM EAT

Grace Akullo states ( about Stanbic Bank ) : “Following an anonymous phone call from a staff of Bank of Africa to Pegasus Technologies that there were payments off their account at MTN Uganda and Airtel Uganda which they had not originated from the bank. Pegasus Technologies checked and established that they had not initiated the transactions either,” External link

independent-UG Saturday, April 24, 2021 2:57:00 AM EAT

Joseph D Giarraputo said ( about Stanbic Bank ) : “Banks are playing a key role in economic recovery around the world. Our Best Bank awards highlight the leaders in restoring growth and mapping a way forward. This year’s evaluations are more important and valuable than at any point in their 28-year history, given the unprecedented economic conditions wrought by the global pandemic,” External link

dailynews-co-zw Tuesday, March 30, 2021 7:00:00 PM EAT

Joseph D Giarraputo said ( about Stanbic Bank ) : “Banks are playing a key role in economic recovery around the world. Our Best Bank awards highlight the leaders in restoring growth and mapping a way forward. This year’s evaluations are more important and valuable than at any point in their 28-year history, given the unprecedented economic conditions wrought by the global pandemic,” External link

thezimbabwemail Sunday, March 28, 2021 9:50:00 PM EAT

Joseph D Giarraputo said ( about Stanbic Bank ) : "Banks are playing a key role in economic recovery around the world. Our Best Bank awards highlight the leaders in restoring growth and mapping a way forward. This year's evaluations are more important and valuable than at any point in their 28-year history, given the unprecedented economic conditions wrought by the global pandemic," External link

onlinenigeria Friday, March 26, 2021 7:48:00 PM EAT

Joseph D Giarraputo said ( about Stanbic Bank ) : "Banks are playing a key role in economic recovery around the world. Our Best Bank awards highlight the leaders in restoring growth and mapping a way forward. This year's evaluations are more important and valuable than at any point in their 28-year history, given the unprecedented economic conditions wrought by the global pandemic," External link

bulawayo24 Friday, March 26, 2021 3:36:00 PM EAT

Global Finance said ( about Stanbic Bank ) : “Banks are playing a key role in economic recovery around the world. Our Best Bank awards highlight the leaders in restoring growth and mapping a way forward,” External link

iol Thursday, March 25, 2021 9:17:00 AM EAT

Stanbic Bank said ( about Stanbic Bank ) : “Despite a challenging operating environment, I am proud that Stanbic stood shoulder to shoulder with our clients and the Kenyan community when it really mattered most,” External link

standardmedia Saturday, March 6, 2021 12:13:00 AM EAT

Betty Maina said ( about Stanbic Bank ) : “This partnership between the ministry, Stanbic Bank Kenya and Microsoft will go a long way in enhancing the government’s investments in the capacity building and adoption of digital technologies which will give the country a competitive advantage,” External link

iol Tuesday, February 16, 2021 5:11:00 PM EAT

Kizza Besigye said ( about Stanbic Bank ) : "All the money that they are using to hunt down our people is borrowed. It is not Ugandans' money. From March up to now, they have borrowed about $1.7 billion (Shs6.2 trillion). Euros 600 million (Shs2.6 trillion) from Stanbic Bank, $500 million (Shs1.8 trillion) from the [International Monetary Fund] IMF, $300 million (Shs1 trillion) from the World Bank and others from small entities. It is that money that is torturing us and yet we are the ones going to pay it," External link

allafrica Monday, February 8, 2021 4:27:00 AM EAT

Samson Kasasira said ( about Stanbic Bank ) : “The victim had called the chairperson on phone the previous day and the chairperson directed her to find him in Mbarara Town,” “On (Wednesday) the victim came to meet the chairperson for the stamp. They met at Stanbic bank where the chairperson told the victim to sit in a vehicle and they go for stamp” External link

ChimpsReport Monday, February 1, 2021 9:06:00 PM EAT

Alhassan Andani said ( about Stanbic Bank ) : “As with all relay races, it is now time to hand over the torch to my successor who will see Stanbic Bank into the next level of banking excellence. I have worked with Kwamina for a decade, and I am happy to have him push Stanbic to the next stage. His ability and work ethic will stand him in good stead as an excellent Chief Executive,” External link

BFTOnline Thursday, October 29, 2020 6:30:00 AM EAT

Alhassan Andani said ( about Stanbic Bank ) : “As with all races, it is now time to hand over the torch to my successor who will see Stanbic Bank into the next level of banking excellence. I have worked with Kwamina for a decade and I am happy to have him push Stanbic to the next stage. His ability and work ethic will stand him in good stead as an excellent Chief Executive,” External link

3NewsGhana Wednesday, October 28, 2020 2:07:00 PM EAT

Alhassan Andani said ( about Stanbic Bank ) : “I am very happy to have worked with an amazing team for close to a decade and half to achieve many of our targets. We overhauled our bank and rose to the very top of the industry. We are a family that looked after one another to achieve greatness thereby placing Stanbic at the pinnacle of excellence in banking. Our clients believe in what we do and have helped to spread our footprint across the country by embracing our products and services” External link

CitiFMGhana Wednesday, October 28, 2020 1:30:00 PM EAT

Kwabena Adjei added ( about Stanbic Bank ) : “I am profoundly grateful to the Government of Ghana for the 1D1F initiative which has assisted Kasapreko to access a $25 million Stanbic Bank loan for the construction of the factory. The private sector is the engine of growth for every economy, but the private sector can only thrive in an enabling environment anchored by good ‘growth driven’ policies by Government. There is therefore the need for more collaboration between the private sector and Government to drive the growth we all desire. Indeed, Kasapreko appreciates its association with the Government of Ghana on the One District, One Factory initiative and finds it timely to have been supported by the Government to promote a Ghanaian owned business” External link

BFTOnline Wednesday, October 14, 2020 8:40:00 PM EAT

Stanbic Bank said ( about Stanbic Bank ) : “As a Bank, Stanbic always brings the best to our clients and sports enthusiasts – in this case, golfers and golf followers. Golf provides an excellent atmosphere for players to learn from each other. The event is therefore aimed at creating networking opportunities for all as we have fun playing the lovely game of golf” External link

BFTOnline Friday, October 9, 2020 2:22:00 PM EAT

Alhassan Andani observed ( about Stanbic Bank ) : “Following years of stable macro-economic growth, the affluent segment in Ghana continues to see significant growth; and it is important that Stanbic Bank, through its niche wealth business, is able to deal with the complexities such growth comes with” External link

BFTOnline Monday, September 28, 2020 5:11:00 AM EAT

Alhassan Andani said ( about Stanbic Bank ) : “We believe that when our SME sector is supported to survive this pandemic, the sector will be uniquely positioned to continue being the backbone of the Ghanaian economy that takes it to the next level” “Stanbic Bank has, since the advent of the pandemic, put in place a number of measures to ensure that Ghanaian SMEs are supported through these difficult times and this joint project fits perfectly into our efforts to mitigate the impact of COVID-19. This partnership with the IFE is the ideal supplement to our own efforts so far,” External link

CitiFMGhana Monday, August 31, 2020 12:48:00 PM EAT

Alhassan Andani said ( about Stanbic Bank ) : “This is the time for us to demonstrate our unity in achieving the common goal of combatting spread of the virus. We must do this without losing sight of our collective responsibility in contributing in various ways to stop the spread. For us at Stanbic Bank, we believe Ghana is our home and our commitment to drive its growth will continue to find expression in the things that we do to support the fight against this pandemic. As we tackle the challenge of supplies, the collective task is for each of us to be personally responsible for our health and that of the community,” External link

BFTOnline Monday, August 24, 2020 2:55:00 AM EAT

Stanbic Bank said ( about Stanbic Bank ) : “After improving at a really strong pace for most of 2017, the Ghanaian private sector’s growth slowed moderately in January. However, at 52.6 the headline PMI still indicates that business conditions remain healthy in Ghana. It is our expectation that the economy should continue benefitting from expansion in oil production as well as a more favourable credit environment. As such, we expect that the economy should grow by at least 7.0% over the course of the next two years. The non-oil sector should start benefitting from easier monetary conditions after the Bank of Ghana delivered over 500 bps worth of cuts to the policy rate in 2017. As such, private sector credit growth should rebound towards the 25% region from 13.7% in each of the last two years. Perhaps uncertainties around the possible consolidation of the banking sector ahead of the increase in minimum capital requirements may have played a role in dampening credit appetite” External link

BFTOnline Saturday, August 22, 2020 10:18:00 PM EAT

Stanbic Bank said ( about Stanbic Bank ) : “After improving at a really strong pace for most of 2017, the Ghanaian private sector’s growth slowed moderately in January. However, at 52.6 the headline PMI still indicates that business conditions remain healthy in Ghana. It is our expectation that the economy should continue benefitting from expansion in oil production as well as a more favourable credit environment. As such, we expect that the economy should grow by at least 7.0% over the course of the next two years. The non-oil sector should start benefitting from easier monetary conditions after the Bank of Ghana delivered over 500 bps worth of cuts to the policy rate in 2017. As such, private sector credit growth should rebound towards the 25% region from 13.7% in each of the last two years. Perhaps uncertainties around the possible consolidation of the banking sector ahead of the increase in minimum capital requirements may have played a role in dampening credit appetite” External link

BFTOnline Friday, August 14, 2020 5:22:00 PM EAT

Stanbic Bank said ( about Stanbic Bank ) : “After improving at a really strong pace for most of 2017, the Ghanaian private sector’s growth slowed moderately in January. However, at 52.6 the headline PMI still indicates that business conditions remain healthy in Ghana. It is our expectation that the economy should continue benefitting from expansion in oil production as well as a more favourable credit environment. As such, we expect that the economy should grow by at least 7.0% over the course of the next two years. The non-oil sector should start benefitting from easier monetary conditions after the Bank of Ghana delivered over 500 bps worth of cuts to the policy rate in 2017. As such, private sector credit growth should rebound towards the 25% region from 13.7% in each of the last two years. Perhaps uncertainties around the possible consolidation of the banking sector ahead of the increase in minimum capital requirements may have played a role in dampening credit appetite” External link

BFTOnline Monday, July 6, 2020 6:04:00 AM EAT

Sam Tshabalala said ( about Stanbic Bank ) : "Our extended agreement with Salesforce is a major step towards transforming the Standard Bank Group into a client-centred platform business that delivers a range of individualized, instantly available solutions, services and opportunities, enabled by modern digital technologies and delivered in whatever way a client prefers. Our goal is to use our data capabilities to build deeper, better and more enduring relationships with our clients," External link

bulawayo24 Thursday, July 2, 2020 10:57:00 AM EAT

Alhassan Andani said ( about Stanbic Bank ) : “This is the time for us to demonstrate our unity in achieving the common goal of combatting spread of the virus. We must do this without losing sight of our collective responsibility in contributing in various ways to stop the spread. For us at Stanbic Bank, we believe Ghana is our home and our commitment to drive its growth will continue to find expression in the things that we do to support the fight against this pandemic. As we tackle the challenge of supplies, the collective task is for each of us to be personally responsible for our health and that of the community,” External link

BFTOnline Thursday, July 2, 2020 7:46:00 AM EAT

Stanbic Bank said ( about Stanbic Bank ) : “After rising to a six-month high of 55.2 in March, the Stanbic Bank Ghana PMI eased slightly to 54.5 as growth in employment softened despite continued growth in output. While many businesses received a strong level of new orders, the rate of growth slowed slightly in April as business activity normalized to more sustainable levels” External link

BFTOnline Monday, June 29, 2020 1:55:00 AM EAT

Alhassan Andani said ( about Stanbic Bank ) : “In the next five to ten years, Stanbic will be a highly digitally driven financial services organization. We give you a one-stop shop for a total customer fulfillment. The 20 years journey of Stanbic Bank Ghana has truly been the story of the patience of our shareholders, the loyalty of our customers and the hard work of our staff” External link

BFTOnline Thursday, June 25, 2020 2:01:00 PM EAT

Stanbic Bank said ( about Stanbic Bank ) : “After rising to a six-month high of 55.2 in March, the Stanbic Bank Ghana PMI eased slightly to 54.5 as growth in employment softened despite continued growth in output. While many businesses received a strong level of new orders, the rate of growth slowed slightly in April as business activity normalized to more sustainable levels” External link

BFTOnline Thursday, June 25, 2020 6:46:00 AM EAT

Stanbic Bank said ( about Stanbic Bank ) : “After rising to a six-month high of 55.2 in March, the Stanbic Bank Ghana PMI eased slightly to 54.5 as growth in employment softened despite continued growth in output. While many businesses received a strong level of new orders, the rate of growth slowed slightly in April as business activity normalized to more sustainable levels” External link

BFTOnline Monday, June 1, 2020 10:02:00 PM EAT

Stanbic Bank said ( about Stanbic Bank ) : “After improving at a really strong pace for most of 2017, the Ghanaian private sector’s growth slowed moderately in January. However, at 52.6 the headline PMI still indicates that business conditions remain healthy in Ghana. It is our expectation that the economy should continue benefitting from expansion in oil production as well as a more favourable credit environment. As such, we expect that the economy should grow by at least 7.0% over the course of the next two years. The non-oil sector should start benefitting from easier monetary conditions after the Bank of Ghana delivered over 500 bps worth of cuts to the policy rate in 2017. As such, private sector credit growth should rebound towards the 25% region from 13.7% in each of the last two years. Perhaps uncertainties around the possible consolidation of the banking sector ahead of the increase in minimum capital requirements may have played a role in dampening credit appetite” External link

BFTOnline Monday, June 1, 2020 8:16:00 AM EAT