Standard Chartered Pakistan Targets Growth To Increased Loan Demands
From the Blog smartchoice Standard Chartered has its roots vested in London. However it makes most of its revenue from Asia which is not surprising because Standard Chartered Bank is one of Pakistan's top banks and is widely praised on its customer service. Latest word says that SCB is aiming to increase its operating profits twofold in Pakistan within the next 5 years as the nation's economy grows and so does the demand for loans. According to Mr. Shahzad Dada, CEO of SCB Pakistan Ltd, The bank is targeting an advance to deposit ratio of at least 45 percent in 12 months from 35 percent in the first quarter. The industry as a whole will see the same trend, he said, with ratios rising to as much as 70 percent in three years from 46 percent in 2015. "The economy has opened up" and there is demand from ppakistanblogs.blogspot.comRead Full Post
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