08/29/2014
RainFin , a South African peer-to-peer lender part-owned by Barclays Plc, is expanding from personal loans into small-business loans, hoping to mimic the growth of U.S.-based LendingClub Corp.
08/29/2014
He was confident that Nedbank would exercise the conversion option and also top up the conversion amount with $206 million to give it a 20 per cent stake in Ecobank.
08/28/2014
Fidelity Bank Ghana Limited has announced the completion of its more than $127 million Capital Raising Exercise to inject more capital into the operations of the bank.
08/27/2014
Diamond Trust Bank Ltd., a Kenyan lender with operations in four nations, is considering expanding into one of three African countries as growing competition at home squeezes margins
08/26/2014
The Reserve Bank of Zimbabwe created a company that will buy non-performing debt from banks.
08/22/2014
The central Bank of Namibia had granted Trustco permission to acquire Fides Bank Namibia, the Johannesburg and Namibia-listed financial services firm said on Thursday.
08/20/2014
The governor noted that access to finance had a multiplier effect on the economy as it would have the much needed catalytic effect on job creation and poverty reduction.
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.