Standard Bank Group Ltd., Africa’s largest lender by assets, is targeting a U$15.4 billion revenue pool fueled by the rapid growth of mid-sized companies and intra-African trade.
According to those privy with internal bank dynamics, the bank aims to tap into this market by expanding its business and commercial banking services across the continent.
The Bank’s strategic roadmap spans 2026 to 2028. It’s core focus is heavily on the mid-corporate and SME sectors, which represent a massive emerging revenue pool across key African markets, including South Africa, Nigeria, Ghana, Kenya, Uganda, and Tanzania
Analysts say that the Bank plans to use its strategic partnership with the Industrial and Commercial Bank of China (ICBC) to facilitate cross-border trade for smaller African enterprises.
Alongside this market push, the group is targeting an overall compound annual revenue growth of 7% to 10%, and a Return on Equity (ROE) of 18% to 22%.
