Standard Chartered to sell retail banking business, says CEO

Rughani said the core reason cited for the sale by the Group is a lack of sufficient scale to meet the bank’s revised global strategy that is prioritising growth in corporate and institutional banking division. (Credit: Ali Twaha)

By: NewVision Reporter, Journalists @NewVision

KAMPALA - Standard Chartered Bank plans to sell its wealth and retail operations as part of a strategic shift at the group level, according to Sanjay Rughani, CEO

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Business
Standard Chartered Bank
Sanjay Rughani
Retail banking business

Standard Chartered to sell retail banking business, says CEO

Rughani said the core reason cited for the sale by the Group is a lack of sufficient scale to meet the bank’s revised global strategy that is prioritising growth in corporate and institutional banking division. (Credit: Ali Twaha)

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