Standard Bank says Middle East war has reduced client confidence
Standard Bank Group has said uncertainty stemming from the conflict in the Middle East and its impact on inflation and monetary policy had temporarily reduced client confidence to transact, invest and borrow.
Staff Writer
Standard Bank Group has said uncertainty stemming from the conflict in the Middle East and its impact on inflation and monetary policy had temporarily reduced client confidence to transact, invest and borrow.
The group said that if recent positive developments continue, it expects confidence and business momentum to recover during the second half of 2026.
The group has reported resilient earnings growth for the first five months of 2026, despite an increasingly uncertain global operating environment marked by geopolitical tensions, higher energy prices and trade policy uncertainty.
