12/04/2018
Dismal: Newbie lenders struggle as loss streak continues
The sharia-compliant bank owned by the United Arab Emirates is barely two years old in the local market and has found it difficult to make its mark.
Retail Banking
12/04/2018
Fidelity Bank meets GHC400m stated capital
To meet the new capital requirement, Fidelity Bank moved GH¢70million from its retained earnings and raised GH¢70million in fresh capital to augment its existing GH¢260million of stated capital.
12/04/2018
Afreximbank seeks to recruit 700 banks as agents
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
What Nigeria's Diamond Bank downgrading to a national bank means
The re-licensing will allow the bank to streamline its operations to focus resources on the Nigerian retail banking market.
12/04/2018
State’s Development Bank negative liquidity worsens
NBK’s main undoing has been its low capital
12/02/2018
How financial technology is eroding brand loyalty
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
FNB Islamic Banking wins two international awards
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
Zenith Bank Directors Panic Over Possible Loss of $100m
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
UBA Reports 262% Growth in Profit Before Tax
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
Family Bank posts profit in nine months ending Sep 30
The management says the profit was driven by digital banking that has seen growth in credit uptake through the revamped PesaPap.
11/28/2018
African Bank’s new ‘shared banking’ account will launch in 2019
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
Diamond Bank launches XclusivePlus
She said the new product is well positioned to further enhance customers’ lifestyles and provide them with the most satisfying rewards.
11/27/2018
South Africa’s FNB turns to township trade
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
Best Banks Awards: Standard Bank
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
African Development Bank boosts business opportunities
The fields were diverse and included: energy, transport, infrastructure, ICT, agriculture, water, health, financial products, and heavy industry.
11/27/2018
Bank Of Uganda cautions commercial banks on lending rates
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
FBNQuest Recognized for Outstanding Performance
The firm was recognised for its strong mutual funds’ performance over the last 12 month
11/26/2018
Airtel Africa appoints JP Morgan, Citigroup, Absa, Barclays, 4 other global banks to work on IPO
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
TymeBank quickly gains traction
We want to deliver digital banking services to South Africans
11/26/2018
IFC backs Co-op Bank's digitisation with Sh244m
Expansion of digital banking services has allowed banks to close some of their brick-and-mortar branches and lay off staff