Sub-Saharan Africa
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South African Standard Bank Files Application to Open Representative Office in Egypt, Reports Say

CC BY-SA 2.0 / shi zhao / Standard Bank Headquarters at Johannesburg, South AfricaStandard Bank Headquarters at Johannesburg, South Africa
Standard Bank Headquarters at Johannesburg, South Africa - Sputnik Africa, 1920, 11.04.2024
Standard Bank is a South African financial institution, which provides banking, insurance, and asset management services to individuals, businesses, institutions, and corporations in Africa and abroad. The bank has "on the ground presence in 20 African countries, four global centers and two offshore hubs."
South African Standard Bank filed an application to open a representative office in Egypt, media reported.

"Egypt, the largest economy in North Africa and the second largest in Africa by banking assets, represents the most attractive, meaningful opportunity," the bank was quoted by the media as saying.

South Africa's Finance Minister Enoch Godongwana tables his 2024 Budget during a joint seating of the National Assembly in the Cape Town City Hall - Sputnik Africa, 1920, 21.02.2024
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The region is "home to four of the top 10 countries by size of banking assets" and represents "a compelling opportunity" for Standard Bank, the outlet said.
Earlier, the bank also expressed interest in entering another North African country, Morocco.