Saturday, 16 March 2013
Business: South African Bank FirstRand is close to completing its purchase of a 75% stake in Merchant Bank Ghana….
Posted on 18:05 by kumar
Title: Fitch: Pan-African Push to Lift South African Bank Growth, Risks
(Reuters) - (The following statement was released by the rating agency) Adding
diversification by expanding in Africa could enhance South African banks'
earnings
prospects in the longer term, Fitch Ratings says. But a significant increase in
exposures to other African markets
could weaken their credit profiles.
The
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