11/08/2019
Capitec completes acquisition of Mercantile Bank
Mercantile was offered for sale by its shareholder, Caixa, a Portuguese bank, due to it divesting from non-core operations outside of Portugal as part of its recapitalisation plan.
Retail Banking
11/08/2019
CalBank nominates Philip Owiredu as CEO
It said over the years, he had built strong relationships with other banks and financial partners, operators and international development finance institutions
11/08/2019
AfricaWeb staff among top 50 most influential marketers in Ghana
The ranking provides a list of heads of marketing, sales, and commercial of various companies in Ghana who are doing exciting things to put their companies out there and record impressive marketing performance according to Prince Akpah, MD of Avance Media
11/08/2019
For The First Time, Rwandan Bank Lists On Africa’s Top 100 Banks
A Special Report on Africa’s top 100 Banks 2019 released by African business magazine – a subsidiary of IC publications, said Rwanda made its first appearance, with the smallest bank in the top 100 in 2018 making the cut with capital of $175m
11/05/2019
Ghana's banking sector records strong profits in August 2019
The strong profit performance was underpinned by higher growth in net interest income of 26.3 per cent in August 2019 after recording a marginal contraction in August 2018
11/05/2019
GTBank releases third-quarter results
The Bank’s non-funded income rose by 52% as at September 2019 to close the third quarter at GHS 169M from GHS 111M over the same period last year.
11/05/2019
Access Bank named Nigeria’s Best Digital Bank by World Finance magazine
A number of financial institutions have been quick to capitalise on this trend and these are the organisations celebrated by World Finance’s Digital Banking Awards.
11/04/2019
12 banks post N704.75bn profit in nine months
The lenders are Access Bank, Zenith Bank, United Bank for Africa (UBA), Guaranty Trust Bank (GTbank), FBN Holdings, Ecobank Transnational Incorporated (ETI), Stanbic IBTC and Fidelity Bank.
11/04/2019
Nigeria’s biggest lender enters EA market to grow African footprint
The Nigeria Stock Exchange (NSE)-listed lender is also eyeing East Africa’s nascent oil and gas sectors, counting on it its track record in financing upstream and downstream fuel projects.
11/04/2019
Access Bank offers free one-week instant transfers
It said, “The upgrade now offers the best digitally-driven financial solutions that will make transactions simpler, faster, convenient and more secure.
11/04/2019
UBA commits to creating superior value for customers
Launches self-printing debit card machine at flag-off of Trade Fair
11/01/2019
MCB Investment Management Co. Ltd makes its mark on African Fixed Income
MCB Investment Management has been investing in pan-African local and hard currency corporate and government bonds since February 2014
10/31/2019
Union Bank’s profits increase by 3.6% in nine months
Union Bank recorded 49kobo as earnings per share as at the end of the third quarter of 2018
10/31/2019
Fidelity Bank’s Profit Rises by 20% to N21.5bn in Nine Months
“Savings deposits now accounts for about 22.3 per cent of total deposits, an attestation of our increasing market share in the retail segment,” he said
10/31/2019
Moi family-linked Transnational Bank sold to top Nigerian lender
Transnational’s ownership is associated with associates of former President Moi
10/31/2019
Nigeria’s Access Bank Plans to Open in Four African Nations
The institution plans to be present in 22 African countries, according to a presentation on its website. It currently operates in Sierra Leone, Gambia, Congo, Ghana, Nigeria, Rwanda and Congo.
10/31/2019
Why desire to go continental could break banks’ safes
Struggling retailer Choppies is also said to have bought an eight-seater jet as part of its plans to make access to their branches easier and convenient.
10/29/2019
Ecobank’s unaudited 9 months’ financial report shows 4% profit growth
The reported figure is N109.4 billion which is higher than N96.3 billion reported during the comparable period last year.
10/29/2019
Access Bank to acquire Kenya lender Transnational Bank
The Transnational Bank acquisition comes at a time when consolidation efforts in the Kenyan banking industry are gathering pace.
10/29/2019
Absa report suggests African markets improving
David Marsh, co-founder and chairman of OMFIF, said the organisation had received feedback that countries are making policy based on the previous two years of the report, in the aim of improving their overall position and attracting more investment.