STP, Service Road North, I-9/3, Islamabad, Pakistan
+92 51 4102171-2
+92 51 41021713

Curators Hope for Success with New African Bank Launch


THE launch on Monday of the new African Bank marks the first time a fully fledged banking operation has emerged from curatorship in SA, and could serve as the basis for a new approach to resolving failed financial institutions.

Rand Merchant Bank analyst Elena Ilkova said the new bank would start off as a more conservative version of the old African Bank: “It is very clear that much will depend on the bank’s success over the next two years in diversifying away from the old African Bank’s monoline business model.”

For more on this story visit the following link:

Curators hope for success with new African Bank Launch

Source: Business Day Live


Related Posts

Share Your Thoughts

%d bloggers like this: