Standard Bank opens branch in Lubumbashi

Standard Bank said in a statement that it had opened a full-service branch in DRC’s second capital, Lubumbashi, the mining centre of the copper and cobalt rich Katanga province.

The new branch meets the demand for local and international banking services. Standard Bank said that Lubumbashi branch is strategically located on the south-east of the country near Zambia and has confirmed status as a mining, commercial and industrial centre, served by the Luano International Airport and also a major railway junction.

“The branch provides major benefits for the multinational mining houses which operate from Lubumbashi,” Clive Tasker, Standard Bank Africa chief executive said.

The Johannesburg-headquartered bank is South Africa’s biggest credit card provider and number two mortgage lender. It has eight million personal and business-banking customers in its home market. It has another 2.5 million clients in the rest of the continent.

“Clients who include large numbers of expatriates, can obtain access to the full suite of services on offer by Standard Bank, which is acknowledged as a leader in developing economies in Africa, South America and Eastern Europe.

“They will also get entree to our African network which covers 18 countries on the continent,” Tasker said

August 2008
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