10/01/2018
This was after it emerged that the bank’s executives and influential public and political figures looted the bank of millions through a complex spree that included massive loans to friends and relatives.
09/30/2018
Bad loans increased 4.2 percent to 7.9 billion dirhams in the first half
09/30/2018
This was announced at a meeting between the Bank’s Group Managing Director, Herbert Wigwe and Microsoft Chief Executive Officer, Satya Nadella in Seattle, United States of America on Thursday, September 27, 2018.
09/30/2018
For instance, in Nigeria, the Nigeria Interbank Settlement System (NIBSS) recently launched the Mcash, a USSD product that can be used on any platform.
09/27/2018
The lender is also among bidders for Mercantile Bank
09/27/2018
Lenders have given the ex-CEO until March 31, 2019 to repay the R959 million he owes.
09/26/2018
BPCE aims to sell in Cameroon, Madagascar, Tunisia, Congo
09/26/2018
There is renewed investor sentiment about the Rwanda economy
09/21/2018
Net operating income increased 6 percent to 6.05 billion dirhams while total assets grew 4 percent to 490.4 billion dirhams.
09/19/2018
Agricultural Bank of China
09/18/2018
Group CEO Michael Sassoon suspects fraud by borrowers is partly responsible as company headline earnings plummet 37%
09/18/2018
Launched six months ago, FinDev’s mandate is to support the growth and sustainability of businesses in developing markets
09/18/2018
“The fund listing on the Stock Exchange of Mauritius brings to investors the opportunity to access African government bonds conveniently,” he added.
09/17/2018
By this arrangement, the banks have since signed a Heads of Terms (“Memorandum of Understanding”) to govern their intention to merge and commenced the process to meet all requirements for final BOG approval.
09/13/2018
Bahraini lender eyes piece of Kenya’s Islamic banking
The lender will be following in the footsteps of fellow Middle Eastern banker, Dubai Islamic Bank.
09/12/2018
Sacked Consolidated Bank staff to be engaged in ‘alternative uses’
He urged workers affected by the retrenchment exercise to take advantage of the bank's decision to consider them for re-engagement
09/10/2018
SA's big 4 banks rake in profits despite subdued economy
The study further found that during the period under review, combined return on equity (ROE) grew by 15 basis points to 18.8 percent.
09/10/2018
Sterling Bank targets making 50 firms competitive
Pat Utomi, a professor of Political Economy and a management expert, said human capital and entrepreneurship are very important to development and what is holding all these together is a frame of values, which is culture and which also shapes human progre
09/07/2018
He further indicated that the bank intends to do a nationwide employee assessment of all their employees across the regions to determine the number of workers they may want to keep.
09/07/2018
Contrast that to what is happening in Africa’s most industrialized economy, which shrank an annualized 2.6 percent in the first quarter and 0.7 percent in the second to tip into its first recession in nine years.