Standard Bank to Deepen Mideast Ties With New Egypt Office

Standard Bank Group Ltd. plans to open a new office in Egypt as Africa’s largest lender by assets looks to benefit from rising trade between the continent and the Middle East.

The bank will open the new representative office by the end of the year, according to Rassem Zok, who leads Standard Bank’s operations across the Middle East and North Africa region. The Johannesburg-based lender’s presence already spans 20 African markets.