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Drop in banks half year profits forces them to lend

Standard Chartered Bank CEO Lamin Manjang is optimistic there would be more lending after price-risking lenders. [File,Standard]

Some Standard Chartered Bank customers could be turned away when seeking unsecured credit after the lender announced it has developed the capacity to price-risk loans better.

Chief Executive Lamin Manjang said the lender has segmented its borrowers and that this will allow it to resume lending despite the rate cap law that has dampened credit due to inability to price risk.

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