Jornal Económico interviews Sohail Sultan - Chairman iibGroup - iibGroup

Jornal Económico interviews Sohail Sultan – Chairman iibGroup

18 September, 2023

“The banking sector continues to go through a challenging time, but, as a small group, we continue to grow reasonably well, especially given the complexities of the markets in which we operate.”

What brings you to Portugal?
“Our interest in Portugal resulted from the basic strategy we intend to pursue, that of creating a bank focused on emerging markets. For us, the emerging markets are East Africa, the Ethiopia-Djibouti trade corridor, West Africa, mainly Portuguese-speaking African countries, the Middle East, specifically the GCC [Gulf Cooperation Council] and South Asia.”
 What is your strategy?
“We have a two-pronged strategy. We want to continue to grow the group organically and also inorganically through acquisitions. Organic growth is occurring as part of our continued development and growth in the markets we cover from a banking perspective (West Africa, East Africa, the Caribbean and the Middle East).”

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