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Barclays Africa sees mid single-digit loan growth in South Africa
February 11, 2014 / 8:37 AM / in 4 years

Barclays Africa sees mid single-digit loan growth in South Africa

JOHANNESBURG, Feb 11 (Reuters) - Barclays Africa Group expects mid single-digit loan growth in South Africa this year, Chief Financial Officer David Hodnett said on Tuesday.

The African subsidiary of Britain’s Barclays Plc reported a 14 percent rise in full-year earnings, boosted chiefly by a decline in bad loan costs in its retail and commercial mortgages. (Reporting by Helen Nyambura-Mwaura; Writing by Olivia Kumwenda-Mtambo; editing by David Dolan)

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