19.04.2012 - StanChart eyes $2.5 bln of Africa revenue in five years
Standard Chartered aims to double its African revenues to $2.5 billion in the next five years and is mulling opportunities in fast-growing economies such as Senegal, its head of Europe, the Middle East and Africa said on Wednesday. The London-based emerging markets lender spans Asia and Africa, but lacks exposure to slow-growing European markets or U.S. subprime mortgages, making it one of few Western banks with the money to expand operations in the under-served continent...............................................Full Article: Source
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