03/30/2020
Absa launches extensive coronavirus payment relief programme
These relief measures apply to Absa's corporate, wealth, business bank, private bank and retail customers.
Retail Banking
03/29/2020
African Development Bank launches record breaking $3 billion “Fight COVID-19” Social Bond
Landmark transaction, largest Social bond transaction to date in capital markets
03/29/2020
Al Baraka Bank South Africa net income increases by 11% to reach ZAR 73 million in 2019
The results revealed that the Bank continued to achieve excellent financial results and growth in businesses, where net income increased by 11% and total assets 7%, compared to the end of 2018
03/27/2020
I&M bank net profit up 26.6pc to Sh10.76 billion
The net earnings makes I&M the fourth most profitable bank in Kenya after KCB (Sh25.1 billion), Equity (Sh22.6 billion), and Cooperative Bank (Sh14.3 billion). Standard Chartered comes fifth at Sh8.2 billion.
03/27/2020
South African banks to remain open throughout nationwide lockdown
Foreign ATM fees will be waived, but banks are encouraging internet banking solutions during the lockdown.
03/26/2020
More banks offer COVID-19 financial relief
Part of their dedication towards SMEs will include assisting with stabilising cash flow as well as customers who need to cover unexpected expenses during this difficult time.
03/26/2020
Afreximbank creates $3 bln pandemic credit facility for Africa
The pandemic is expected to strain Africa's under-equipped health systems.
03/26/2020
Fidelity Bank profit rises 21% as PBT hits N30.4bn
Savings deposits now accounts for about 22.5% of total deposits
03/25/2020
Absa posts flat profit growth on cost of rebranding
The last month has seen the Group, with headquarters in South Africa, engaged in rigorous campaigns as it rebranded to Absa Group after the former parent company Barclays Plc
03/25/2020
Nedbank, FNB join Standard in offering to help the financially distressed
The lender said it could assist the SMEs to stabilise cash flow and consumers who wanted to cover unexpected expenses.
03/20/2020
TymeBank signs up 4 000 new customers per day
The bank says it is well-positioned within the South African banking sector to implement its “unique” low-cost banking fee model, as well as customer experience value propositions.
03/20/2020
Cooperative Bank net profit increases to Ksh 14B
However, the lender increased investment in Government securities by 46.8 per cent to Ksh 117.8 billion.
03/20/2020
Seychelles: African Development Bank Supports Blue Economy with $800k Fund for African Private Sector Assistance (FAPA) grant
The country’s Blue Economy Strategic Policy and Road map prioritizes the development of new and emerging maritime sectors
03/20/2020
Stanchart Kenya Posts Sh12.2Bn In Profit
Since 31 December 2018, the Loans and advances to customers increased 8 percent to Sh129 billion while the gross non-performing loans reduced 7 percent year-on-year.
03/18/2020
BoT: Pension funds’ lending to govt goes beyond set limit
The report says the government remains the core investment avenue for pension funds
03/18/2020
Absa Group reports improving revenue growth momentum for 2019
Overall, Absa’s balance sheet, revenue and earnings growth were in line with peers after lagging for a number of years.
03/17/2020
Banking: Another wave of consolidation?
The banking sector remains highly concentrated with the Concentration Ratio (CR) of the six largest banks with respect to deposits and assets at 60.31 and 59.74% as at end December 2018 according to the CBN’s 2018 financial stability report.
03/17/2020
FirstBank CEO Bags Award
Also, the statement disclosed that FirstBank was honoured for its role in demonstrating high performance across various metrics
03/16/2020
Meet the German tycoon 'behind' push to nationalise Reserve Bank
Businessman boasts of influencing debate on Reserve Bank
03/16/2020
KCB plans to venture into the DR Congo
The bank posted growth in profitability in Tanzania, Rwanda and Burundi, but profits in South Sudan and Uganda dropped.