Bloomberg News

Standard Bank Says Funding Almost Half South Africa’s Home Loans

October 26, 2011

Oct. 26 (Bloomberg) -- Standard Bank Group Ltd. said it had financed almost half of all new home loans originated by banks in South Africa in the past year.

The bank continues to process significant numbers of new applications, an indication that a level of consumer appetite for credit remains, Funeka Ntombela, the head of home loans at the Johannesburg-based bank, said in a e-mailed statement today.

To contact the editor responsible for this story: Hilton Shone at hshone@bloomberg.net


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