08/20/2014
Give And Stake: This Is What Nedbank’s Money Means To Ecobank
Nedbank’s is not the only loan Ecobank is hopeful of converting into shares.
08/20/2014
Nedbank’s is not the only loan Ecobank is hopeful of converting into shares.
08/18/2014
Current pilot includes going to smaller, specific areas such as Hill road in Bandra and Lokhandwala in the western suburb of Mumbai instead of going to larger areas
08/17/2014
Africa is largely unbanked. With over 1 billion of population in Africa, 53% of the population consists of Muslims. I see major opportunities for the banks to grow and capture the unbaked.
08/15/2014
The South African Reserve Bank is considering an application by the state-owned Postbank to allow it to lend
08/15/2014
Kenya's Diamond Trust Bank increased first-half pretax profit by 17 percent year-on-year, helped by growth in net interest income and fees
08/14/2014
Kenya's Diamond Trust Bank has raised 3.6 billion shillings ($41 million) in an oversubscribed rights issue to expand its branch network in the region and to support lending.
08/14/2014
Standard Bank Group Ltd., Africa’s largest lender, said first-half profit rose 2 percent, helped by a decrease in bad debts and growth outside South Africa.
08/14/2014
The bank said it would not pay an interim dividend to enable it to meet new capital requirements set by the Central Bank of Kenya and raise capital for investment
08/12/2014
The bank's profit lagged its rivals Equity Bank, the countries biggest by deposits, and KCB, the largest by assets.
08/11/2014
The China Commercial Bank (CCB) was granted a provisional banking licence on 7 August to operate in Tanzania and has plans to open a Dar es Salaam branch soon
08/11/2014
While we do not see systemic risk in this, we would be conscious that any bank that fails has risk to it
08/11/2014
South Africa’s biggest lenders are likely to remain immune to the fallout from the collapse of African Bank Investments Ltd.
08/10/2014
The rights issue which has commenced on July 30, 2014, will be closing on August 26, 2014.
08/10/2014
The affirmative vote means that any action, application or executions against the bank will be put on hold.
08/10/2014
BANKING giant Nedbank is in the best shape it has been for more than a decade.
08/08/2014
The unsecured lender says it needs to raise at least R8.5 billion after significant losses.
08/08/2014
In the same period last year, profit after tax was $16 million.
08/08/2014
United Bank for Africa (UBA) Plc; one of the largest financial services institution in Africa, has released its unaudited financial results for the first six months of the year, showing positive growth in financial indices.
08/08/2014
We have repeatedly negatively surprised the market and ourselves
08/08/2014
This was despite operating in a challenging economic environment characterised by a liquidity crunch, company closures and a downgrade of Zimbabwe’s economic growth outlook this year.