Strong banks in Namibia and Botswana offer the prospect of good long-term returns.
Imagine you’re one of four meaningful banks in an economy whose population is less than half that of Joburg’s.
A bank’s fortunes are tied to the macroeconomic realities of the nation where it operates. Interest rates, inflation, economic growth, unemployment, the size of the unbanked population and relative wealth of the citizenry are key determinants of success. The bank is becoming pickier about who it lends to, the level of security it demands and the interest rates it charges
This will open a greater role for banks to fund long-term infrastructure projects with certainty about offtake prices and volumes. In other words, the bank is becoming pickier about who it lends to, the level of security it demands and the interest rates it charges. Standard Bank Namibia targeted higher-margin corporate and investment banking , such as financial, mining, power and infrastructure clients. This boosted its CIB unit’s net interest income by more than half.
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