08/31/2020
The provisions for bad loans cut the lenders’ net earnings by a third to Sh32.5 billion, making it the dominant factor in determining their profitability following the pandemic, overshadowing growth in interest income and fees on transactions.
08/30/2020
KCB, the country’s largest bank by asset size, relinquished its pole position as the most profitable lender after its pretax profit declined by 40 per cent to Sh7.6 billion.
08/28/2020
The Sandbox is a major milestone for the Ecobank Group on it’s Open Banking strategy and it will accelerate partnership with Fintechs and other Partners across Africa
08/28/2020
Virgin Cash beforehand closed down an area insurance coverage enterprise, after its life and short-term insurance coverage providing failed to realize traction.
08/28/2020
As the largest pan-African bank, Ecobank is on a mission to drive the economic development and the financial integration of businesses and individuals across Africa.
08/28/2020
Why the biggest banks in Nigeria are too big to fail.
08/27/2020
The African Banker’s judging process sought to recognise the African banks that have demonstrated original and practical uses of technology to provide customer convenience
08/27/2020
The Awards are considered the Oscars of the African banking community and given the impartial selection and judging process are the most respected in the field
08/27/2020
The big winners this year were Nigerian-based group Access Bank and also women in the banking and finance sector.
08/27/2020
The company has also put in place a support scheme for individuals and SMEs including extension periods and loan repayment holidays who are affected by the COVID-19 pandemic.
08/26/2020
Kingdom Bank will now trade as a subsidiary of Co-op Bank, with its brand also donning the green colours that are synonymous with the Nairobi Securities Exchange–listed lender.
08/26/2020
Standard Chartered loan-loss buffers meanwhile rose four-fold to Ksh.1.6 billion from Ksh.379 million last year with the lender following an industry wide conservative trend of high provisions in the face of adversities arising from COVID-19.
08/26/2020
TradeSafe Escrow received an undisclosed amount of funding in return for 35% stake
08/25/2020
All 10 finalists were officially inducted into the Ecobank Fintech Fellowship programme to explore commercial partnerships with the pan-African banking giant
08/25/2020
This year’s Finalists made it through an extremely competitive pool of over 600 applicants across Africa, Europe, North America and Asia.
08/25/2020
While the negative impact of the crisis on Absa’s earnings is clear, the interim results also highlight the resilience of the business.
08/24/2020
The latest financial statement of Africa’s biggest bank by assets show that had it not been for the elevated impairment provisions in its local personal and business banking division, it would have better ridden out the Covid-19 wave as its operatio
08/24/2020
Earlier in the month, Access Bank’s Group Managing Director, Herbert Wigwe, had reassured the public of the bank’s commitment to do everything in its power to address the needs of the Nation in these uncertain times.
08/24/2020
During the review period, the Central Bank of Kenya data showed that Kenyans sent home Sh157.91 billion ($1.46 billion).
08/24/2020
The Absa group's earnings plunged in the first half of 2020