Stanbic - Comment At Annual General Meeting, 23 Ma
Standard Bank Investment Corporation Limited
(Stanbic)
Comment at Annual General Meeting, 23 May 2001
In response to a question from a shareholder, chief Executive Jacko Maree,
made the following points on the performance of the group since the year end
- It had been an encouraging start to the 2001 year;
- Domestic operations had performed in line with expectations . SCMB had
traded well and Retail had experienced signs of a pick-up in demand for
loans and advances. Costs were also in line with expectations;
- Internationally the situation was mixed, with London a little behind
budget but Stanbic Africa continuing to do well;
- No new large problem loans had emerged in recent times
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