04/12/2023
FNB at the forefront of innovative credit solutions
The bank has reimagined ways to support customers with its R1bn SME Bounce Back Loans and new financial solutions for alternative energy
04/12/2023
The bank has reimagined ways to support customers with its R1bn SME Bounce Back Loans and new financial solutions for alternative energy
04/11/2023
The dividend pay out is on the back of N1.32 trillion profit after tax (N691.97billion in 2022 and N631.41 billion in 2021) financial year.
04/10/2023
CODI aims to put South Africa on par with its international peers and further align its financial sector to the principles of international standard-setting bodies.
04/06/2023
KCB Group more than tripled its statutory loan reserves and increased loan loss provisions during the same period.
04/06/2023
“We want to be the infrastructure layer they build their business on. This was our original vision when we started, and is more relevant today than ever,”
04/05/2023
The banking industry has benefited from the use of multiple accounts, allowing several institutions to earn revenue from a single customer.
03/31/2023
The financing is expected to catalyze additional deposits to expand MCB’s loan book, benefiting several Mauritian and African corporates, as well as SMEs.
03/30/2023
The 9.5 percent rate is the highest since March 2018 and will egg banks on to make a fresh round of lending rate increases that will hurt businesses in a recovering economy.
03/28/2023
The deposit coverage limit was raised to Sh500,000 per account in July 2020 following amendments to the KDIC Act, which were to offer enhanced protection to banking depositors.
03/28/2023
Irechukwu noted that in recent months, social media had been awash with reports of fraud cases, with many of these cases going viral, embarrassing the banks involved.
03/24/2023
NBK ranks as the second largest subsidiary for KCB ahead of BPR Rwanda
03/22/2023
The main revenue line for the custody business is from the fee you are charging
03/17/2023
You will also have peace of mind knowing that all Rand Swiss transactions are highly secure, and approved by the SARB.
03/16/2023
The initial phase of PayShap will see the participation of the first cohort of banks: Absa, First National Bank, Standard Bank and Nedbank. More banks and non-banks are set to follow.
03/16/2023
Most companies (74%) rely on IT staff to manage their technology
03/15/2023
The bank’s impairment charges increased 61% to R13.7bn after it was forced to raise R2.7bn in coverage to cushion it against its Ghana sovereign debt exposures.
03/14/2023
The group received Section 13 approval from the Prudential Authority to proceed with the application for a banking license in November 2022.
03/13/2023
The Bank has also received approval from the Central Bank of Kenya to offer cards-as-a-service using its regulatory licence to tech-enabled approved partners.
03/10/2023
The restructuring is a key condition for the nation to finalize access to a $3 billion bailout from the International Monetary Fund.
03/09/2023
Standard Bank, the continent's largest lender by assets, said in 2023 it expects its net interest income - the main growth metric for banks - to be driven by renewables and infrastructure and higher interest rates.