Managers of Wealth Africa

Bank of Baroda looks to sell subsidiaries in Ghana, Trinidad and Tobago

Bank of Baroda selling its subsidiaries in Ghana, and Trinidad and Tobago, is seen as part of a strategy to rationalize international operations

Tunisia: TFB announces net loss of €410 thousand in 2017

Despite the significant improvement in the bank’s net banking income, its operating profit remained negative (€-403 thousand) due to the surge in general operating expenses which rose from €165 thousand in 2016 to €1.57 million at the

Chase Bank now State Bank of Mauritius as it turns over a new leaf

CBK and Kenya Deposit Insurance Corporation would continue to pursue Chase Bank’s other assets to continue compensating depositors

Probe turns to CBK staff linked to collapse of Imperial, Chase bank

Depositors and other stakeholders, who were affected by the collapse of the banks, are keen to understand which deliberate regulatory lapse contributed to their suffering.

Standard Bank lifts earnings, declares dividend

The dividend of R4.30 cents per ordinary share is up from the R4 per ordinary share paid in the first half 2017.

Big three banks rake in Sh30b in half-year profits

KCB said continued shift of business away from banking halls had increased non-branch transaction to 87 per cent compared to 13 per cent handled at branches.

Africa’s best bank by the African banker profit after tax grows by 18%

Interest income grew by 10% to Kshs.25.4 billion up from Kshs.23 billion driven by investment in government securities that grew by 37% and loans and advances growth of 4%.

Five Ghanaian banks combine

The governor reassured clients of all five banks that “their deposits are safe”

Barclays Kenya sees costly splitting from UK parent

The bank, publicly traded on the Nairobi bourse, is yet to work out the costs of separation whose impact will be felt on its financial books in the next few years.

Mckinsey: Middle class’ll drive Africa’s retail banking growth

The mass market segment is important for banks because it is the fastest growing segment

Retail Banking: Taking a Cue from Dominican Republic’s Model

The Dominican Republic has achieved growth rates that rival those of the world’s most promising emerging markets.

Nigeria’s foreign commercial loans rise to $8.8bn

It also means Nigeria’s balance of payment will be unfavourable as more money will leave its economy than it is earning.

SA lender renews bid for additional stake in Stanbic

Standard Bank had earlier indicated it had applied to the Capital Markets Authority

Tunisia: NAIB Bank sees its profits decline 30% in 2017 to 2.8 million dollars

To this end, net banking income rose by 6% to reach $ 6.7 million against 6.3 million at the end of December 2016.

Barclays Bank Dynamic Currency Conversion a first for Botswana

It’s one of the many firsts by Barclays in Botswana to avail a similar International Shopping experience.

Nigeria’s First Bank redeems $300 mln Eurobond

It said the redemption had no impact on its capital ratios and that it had built up dollar liquidity over the past year.

FCMB Bank unveils new scheme in UK

The Group Chief Executive, FCMB Group Plc, Mr Ladi Balogun, was quoted as saying at the ceremony that the launch of the new proposition was as much a statement of substance as it was one of intent.

Billionaire Patrice Motsepe’s ARC to form South Africa’s first black-owned bank

It’s a great opportunity for us… This is the first one [black-owned bank]…

Ghana: Absa Group's Income Hits U.S.$2.3 Billion

Meanwhile Barclays Bank Ghana Limited has stated that the bank it has met the 400 million cedis minimum capital requirement.

Absa h1 profit down 4 percent

Headline earnings per share came in at 877.8 cents in the six months ended June compared with 917.3 cents a year earlier.