Standard bank builds west African presence in Cote D’Ivoire

ABIDJAN – Africa’s largest bank, Standard Bank has opened a fully licensed bank in Abidjan, Côte d’Ivoire that it says will focus on the needs of Corporate and Investment banking clients, thereby cementing its presence in the Francophone West Africa region.

The Standard Bank Group, now in 20 African markets, including Nigeria and Ghana in West Africa, will operate as Stanbic Bank in Côte d’Ivoire, and will serve multi-national companies – many of whom, the bank says have an existing relationship with the Group.

Standard Bank says it began scoping the market of Côte d’Ivoire as far back as 2013, opening a representative office with a small core team in early 2014. The banks was awarded its banking license in 2016.

Commenting on the launch, Stanbic Bank’s CEO for Côte d’Ivoire, Hervé…

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