08/01/2014
Nigeria's First Bank Holding Company said on Thursday its half year to June pre-tax profit fell 12 percent to 48.25 billion naira, compared with 54.81 billion naira recorded in the same period last year.
07/31/2014
The regulatory headwinds from Central Bank of Nigeria tightening policy combined with induced costs, such as the Asset Management Corporation of Nigeria charge, are taking a toll on the bottom-line performance of UBA Group as first-half profit shrank by 1
07/31/2014
Revenue grew 5 per cent to 21.4 billion rand for the interim reporting period ended 30 June 2014 from 20.3 billion rand in the previous comparative period.
07/31/2014
Ecobank Ghana Limited, the local unit of pan-African bank Ecobank, said on Wednesday its net profit for the six months through to June rose 91.2 percent to 153,947 million cedis ($44.5 million) compared with 80,487 million cedis a year ago.
07/31/2014
In order for Nigerian banks to retain more capital going forward, some will either reduce dividend payout ratios or float rights issues
07/30/2014
Equity, which also has operations in Uganda, Tanzania, Rwanda and South Sudan, said its assets grew to 302.92 billion shillings from 261.58 billion in the first six months of 2013.
07/30/2014
Gross Earnings of the group follwed the same pattern, shedding N6.57 billion or 11.70. Per cent from N56.16 billion posted the prior year’s to N49.59 billion.
07/30/2014
However, the bank reported that its non-interest income declined by 14 per cent to N13.0 billion from N15.1 billion recorded in half year 2013, basically driven by a reduction in foreign exchange earnings.
07/29/2014
The apex bank said the market would be informed when HSBC formally closes the office in compliance with all regulatory requirements.
07/29/2014
KWFT was started as a wholly-owned subsidiary of Kenya Women Holding but over the years, the KWH has been reduced to 55 per cent.
07/28/2014
Ikeazor also noted that the financial institution was also expanding its branch network, with 199 operational, while the 200th is almost at the verge of completion
07/28/2014
The lender will initially roll out Islamic banking services through seven branch centers, beginning from next month.
07/27/2014
The Nigerian Stock Exchange on Friday published the second quarter 2014 result of United Bank for Africa with profit after tax of N11.0 billion
07/27/2014
“Our branch roll-outs is a testimony of our strong belief in the resilience of the Ghanaian economy and its long term prospects,” the Board Chairperson concluded.
07/27/2014
At the launch in Accra, the Managing Director, Mr Dolapo Ogundimu, said “our customers remain at the heart of our business
07/25/2014
As part of strategic moves to sustain its competitive edge, Union Registrars Limited, which has recently attracted a new core investor, Citadel Nominees Limited, has embarked on review of its business processes and broadening of portfolio.
07/25/2014
Total income for the first half was Shs 5.4 billion compared to Shs 5.0 billion in the first half of last year
07/24/2014
Gross earnings rose to N184.4 billion during the six month to June 30 from N171.0 billion a year earlier.
07/24/2014
UBA Capital Plc has reported a profit before tax of N1.497 billion for the half year(HI) ended June 30, 2014, showing an increase of 23 per cent above the N1.221 billion recorded in the corresponding period of 2013. The unaudited results made available b
07/24/2014
One of the secret behind the Bank’s success in Rwanda has been the philosophy of retail banking approach.