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
08/21/2020
Mobile money deposits accounted for 37.7 per cent of the slump on return on equity and deprive banks of adequate deposits for investment.
08/21/2020
South Africa’s headline earnings declined 72% as the pandemic exacerbated an already difficult environment.
08/20/2020
This, unfortunately is a fraudulent scheme and given the current state of affairs, an easy scam to fall for.
08/20/2020
Access Bank, therefore, recognizes the importance of SMEs to economic stability and is going the extra mile to ensure that such businesses are adequately financed to weather these testing times.
08/20/2020
Experian South Africa released a statement on Wednesday regarding the data breach, assuring customers that no financial data was compromised.
08/20/2020
This situation is likely to add to the concern of international investors about financial products issued from Nigeria.
08/19/2020
Outbreak of the Covid-19 pandemic and public health measures taken to contain it has hurt business and household incomes, causing many borrowers to default or renegotiate their loan terms.
08/18/2020
Raghunath Mandava (pictured), CEO, Airtel Africa, said: “Our relationship with Standard Chartered boosts financial inclusion across the continent, giving millions of people access to valuable banking services.
08/18/2020
Cheques are one of the oldest recognised payment instruments globally, including in Africa, and were historically widely used.
08/17/2020
Total Assets of the industry has continued to rise, standing at N47.82 trillion as at end-June 20
08/17/2020
This year’s Annual General Meeting, (AGM) which was held virtually, highlighted strong growth in revenues and profits, strengthening the Bank’s balance sheet as well as a dividend pay-out.
08/17/2020
The Global Business Outlook awards aim to recognize and reward excellence in business to companies all over the globe, both in the public and private sectors.
08/14/2020
The rise was in appreciation of the tough economic environment facing borrowers.
08/14/2020
The stock of NPLs increased to Ksh83.9 billion ($839 million) from Ksh 39.1 billion ($391 million) during the period under review.
08/14/2020
The Group's normalised headline earnings per share (HEPS) for 1H20 is expected to be between 80% and 85% lower than the 977.5 cents for the six months ended 30 June 2019
08/14/2020
The Bank’s operating expenses were well controlled within inflationary levels with a resultant reduction in cost-to-income ratio from 51.5per cent in 2018 to 45.8 percent in 2019.
08/14/2020
The loan loss ate into the lender’s first half profitability that dipped marginally by 300 million shillings or 3.6 percent to 7.2 billion shillings.
08/13/2020
This was in response to the gross non-performing loans more than doubling to Sh83.8 billion from Sh39.1 billion.
08/13/2020
Standard Chartered Bank ‘has no connection whatsoever with the Sapelle’