05/24/2017
African Bank returns to profit
The remaining 25 percent is owned by a consortium of six banks including FirstRand.
Retail Banking
05/24/2017
Morocco opens first Islamic bank branch months after approval
The North African country long rejected Islamic banking because of concern about Islamist movements, but its financial markets lack liquidity and foreign investors, and Islamic finance could attract both of those.
05/23/2017
Old Mutual: No rate cut on the cards just yet
The bond market isn’t expecting a rate cut to come from this meeting, but rather appears to be pricing in marginal cuts for next year.
05/23/2017
African Development Bank Calls For Investment In Africa’s Future
In his view partnering to develop Africa today is like building the future market of the continent, such as benefiting from its peoples’ consumer spending that is estimated to reach $1.4 trillion in the coming three years.
05/23/2017
African Bank returns to profit
Earnings from insurance operations were R280m from R33m in 2016.
05/22/2017
NBK banks on diversifi cation to grow revenue amid interest cap
The cash call was approved at an AGM in June 2013, but has stalled due to the impasse.
05/18/2017
Nedbank suffering in weaker South African economy, says Old Mutual
The lower CLR was supported by a decrease in impairments in CIB and client collections in RBB remained effective.
05/18/2017
Digital Banking encourages lender to leave the Nairobi CBD
Ecobank relocated from Muindi Mbingu to Westlands putting the city building under hammer.
05/18/2017
Nedbank says revenue slows as downgrade weighs
Bank says it will now be more challenging to achieve 2017 full-year guidance.
05/18/2017
Ecobank signs agreement with OiLibya for distribution of financial services
Ecobank Group CEO Ade Ayeyemi said: “This partnership with OiLibya demonstrates our commitment to bring affordable banking to the doorstep of every African, as we seek to serve 100 million customers by 2020.
05/16/2017
StanChart now offering video and chat customer care service
The investment will be used to upgrade the Bank’s technology and systems over the next three years.
05/14/2017
Why you could afford a Kenyan bank today
Financial analysts point to the high premium that buyers of local banks were willing to pay.
05/14/2017
Ethiopia’s banking giant collects $15b in deposits
The bank earned $3.3 billion from various activities, including $469.3 million from export trade and $2.8 billion from money transfers.
05/13/2017
Stanchart embarks on ‘Market Storm’ to engage residents
To the Bank, ‘Digitization’ is about cost savings, operational efficiencies, and convenience to clients and reducing operational risks for the benefit of Africa’s growth and economic development.
05/13/2017
Sterling Bank bags Deutsche Bank’s Excellence Award
The bank, in a statement on Friday, commended Deutsche Bank for nominating Sterling Bank for the award, hoping that the bank would emerge overall winner of the award in the 2017/2018 edition.
05/13/2017
Societe Generale Ghana opens a digital corner
Digitalization is important and it is all about usage.
05/13/2017
Mauritius MCB Group 3rd-quarter pretax profit rises 4 pct
It attributed the growth in net interest income mainly to higher investment in government securities amid persisting excess liquidity.
05/12/2017
Kenyattas' Bank in Bid to Acquire Rwandese Lender
The Bank of Uganda last October took over the management of Crane Bank
05/11/2017
Fidelity Bank now SBM Kenya after Mauritian group buyout
SBM will bring its experience and expertise from Mauritius and other markets
05/11/2017
Uganda: United Bank of Africa Breaks Into Profit League
Total interest earned from Treasury bills and bonds grew from Ush8.4 billion ($2.2 million) to Ush8.8 billion ($2.4 million) during the period under review