Stanbic has been present in Zambia since 1992 with Standard Bank’s acquisition of ANZ Grindlays as a part of its African business development strategy. Can you tell us about Stanbic’s evolution in Zambia?
PR: Stanbic has branches in 13 cities and towns in Zambia and will be opening three more branches this year as our expansion in Zambia continues. Stanbic, a part of the JSE listed holdings company, Standard Bank Investment Corporation, was the first South African bank to identify with the potential of embarking into the rest of Africa. This bold move continues to stand us in good stead making the Stanbic franchise in Africa is a very powerful one with a significant first-mover advantage. Stanbic is well positioned in the local market, offering a full retail banking bouquet, business banking services and corporate and investment banking solutions.