12/04/2018
Kamel said the new initiative was to bridge the gap created as international banks pull out of the continent and that it is intended to promote intra-African trade, which currently stands at 16%.
12/04/2018
The re-licensing will allow the bank to streamline its operations to focus resources on the Nigerian retail banking market.
12/04/2018
NBK’s main undoing has been its low capital
12/02/2018
Experts now say commercial banks need to come up with innovative ways of attracting and retaining new, younger and tech-savvy clients as the market becomes cluttered with digital financial services and apps.
11/30/2018
Many years have been dedicated in driving the recognition of Islamic Banking as a credible banking alternate, after years of continued campaigning we witness robust growth and are now acknowledged as a credible niche banking option.
11/30/2018
The bank seeks to safeguard its interests in the assets of Erin Petroleum Nigeria Limited, a local arm of Erin Energy Corporation which had on April 35, 2018 filed for Chapter 11 bankruptcy in the United States.
11/30/2018
Customer Loans grew modestly by 2.7 percent from previous year’s figure of 3.5 Billion shillings to close at 3.6 Billion shillings.
11/30/2018
The management says the profit was driven by digital banking that has seen growth in credit uptake through the revamped PesaPap.
11/28/2018
Over the past four years, the group has reworked its strategy, and displayed consistent improvement in its financial results, which group CEO Basani Maluleke said: “reflects the sustained progress we have made in transforming the Bank, since emergin
11/28/2018
She said the new product is well positioned to further enhance customers’ lifestyles and provide them with the most satisfying rewards.
11/27/2018
First National Bank (FNB) has teamed with fintech start-up Selpal to target the large number of traders in townships across South Africa.
11/27/2018
Standard Bank has been voted the winner of the Best Bank for South African Rand and Best Bank for African Currencies excluding ZAR at the 2018 FX Week Best Banks Awards
11/27/2018
The fields were diverse and included: energy, transport, infrastructure, ICT, agriculture, water, health, financial products, and heavy industry.
11/27/2018
A rise in NPLs in 2015/2016 from four percent in accumulated loans to eight percent made the country to experience a tough year.
11/27/2018
The firm was recognised for its strong mutual funds’ performance over the last 12 month
11/26/2018
The global banks are JP Morgan, Citigroup Inc, BofA Merrill Lynch, Absa Group Limited, Barclays Bank PLC, BNP Paribas, Goldman Sachs International and Standard Bank Group Ltd.
11/26/2018
We want to deliver digital banking services to South Africans
11/26/2018
Expansion of digital banking services has allowed banks to close some of their brick-and-mortar branches and lay off staff
11/26/2018
RMB have over 15 years of transactional experience in Nigeria ranging from advisory roles on infrastructure projects, mergers and acquisitions to the funding of various transactions across multiple sectors.
11/23/2018
Interest expenses rose marginally by two per cent to Sh5.76 billion, while operating expenses fell by 6.7 per cent to Sh12.4 billion largely due to lower provisions for bad loans.