03/19/2024
Afreximbank’s Kanayo Awani receives African Diaspora Advisory Board Global Award
As part of its Diaspora strategy, the Bank has launched the Afreximbank Africa Diaspora Center, in partnership with the Africa Center in New York.
03/19/2024
As part of its Diaspora strategy, the Bank has launched the Afreximbank Africa Diaspora Center, in partnership with the Africa Center in New York.
03/18/2024
According to the figures, the banks’ profits last year were powered by net interest income which rose to P6.4 billion or about 27 percent higher than the level in 2022.
03/18/2024
The higher payout to shareholders is on the back of improved profitability
03/15/2024
The lender posted headline earnings of 20.9 billion rand
03/14/2024
The bank, which has an operation in South Sudan, has intensified its expansion locally where it sees untapped growth opportunities.
03/14/2024
Headline earnings in South Africa grew by 3% to R16.8 billion.
03/12/2024
South Africa's prime lending rate of 11.75% at end-2023 was 125 basis points (bps) higher than a year earlier and 475 bps above the bottom of the interest rate cycle from mid-2020 to late 2021.
03/12/2024
Credit impairments increased 13% to R15.5 billion, with the bank reporting higher impairments in its SA business.
03/12/2024
Absa Bank Kenya Plc is a financial services outfit listed on the Nairobi Securities Exchange (NSE).
03/12/2024
Operating expenses, however, grew 20 percent
03/11/2024
The BoG said the growth outturns of key income lines contributed to the improved profit performance of the banks in 2023.
03/08/2024
“We understand the challenges businesses face through traditional banking,” said Capitec CEO Gerrie Fourie.
03/08/2024
The upgrade shows banks have a stable outlook, despite operating headwinds.
03/08/2024
The bank plans to commence operations in July 2024, offering savings and investment products.
03/06/2024
ABC Bank was ranked the top among the tier-three lenders, Sidian Bank was second while HF Group came third.
03/05/2024
Collectively, these conditions have put increasing pressure on consumers’ finances and led to reductions in business confidence and investment in most sectors other than energy.
02/29/2024
The group saw a R477 million reduction in fee and commission income over the period, but this was due to sub-inflation fee increases across both retail and commercial accounts.
02/28/2024
In 2020, Access Holdings took a major step forward by acquiring a majority stake in Kenya-based Transnational Bank (TNB).
02/27/2024
In the partnership, the firms seek to deepen financial access, connect customers with novel experiences
02/22/2024
Commercial banks are now charging more than 26 percent interest on loans in another round of credit repricing that signals more pain for risky borrowers amid a surge in defaults.