Standard Bank to Build Russian Business With Troika After Sale

January 26, 2012

 

Standard Bank Group Ltd., Africa’s largest lender, said it is working with Troika Dialog after completing the sale of its stake in the Russian brokerage being acquired by OAO Sberbank.

“We continue to regard Russia as an important market and we are already working with Sberbank/Troika in developing business in areas of common interest, particularly in Africa and in the area of natural resources,” the Johannesburg-based bank said in an e-mailed statement today.