Standard Bank Aims for 12 Percent Growth in Three Year Plan

Standard Bank targets annual earnings growth of up to 12 percent through 2028. The lender is focusing on African infrastructure to drive its next phase.

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STANDARD BANK GROUP LTD, the largest lender on the African continent, has unveiled an ambitious three-year growth strategy designed to leverage rising continental trade and significant infrastructure development. Based in South Africa, the financial group is positioning itself to capture market share as European banks retreat, focusing on high-growth sectors such as mining, oil, and gas.

A pedestrian passes the branding of Standard Bank during the 2024 Investing in African Mining Indaba held in Cape Town. REUTERS/Esa Alexander
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