01/13/2014
Johannesburg-based lender, Nedbank Group will leverage on a 2008 alliance with pan-African banking group, Ecobank Transnational Inc. to explore investment opportunities in East Africa’s banking sector.
01/13/2014
Six Banks Maintain Market Dominance
The market share of the Nigerian banking industry remained largely dominated by six banks as at the end of June 2013, a report has revealed.
01/12/2014
Competition Authority of Kenya will before the end of this month hire a consultant to conduct a market inquiry into the banking sector.
01/09/2014
She advised the business community to develop the culture of transacting business with cheques and reduce the usage of large cash
01/09/2014
Overexposure and bad management practices are responsible for the dire straits in which Merchant Bank Ghana finds itself, the Majority group in Parliament has said
01/09/2014
Advans Ghana Savings and Loans Limited has revealed plans to expand its clientele base this year in order to strengthen its position within the financial sector.
01/07/2014
Zenith Bank closes 2013 as most capitalised banking stock
Market operators said the emergence of Zenith Bank as the number one stock was expected given the high patronage the equity enjoyed due to its impressive financial performance that attracted international recognition.
01/06/2014
In Africa, small women-owned business owners find it easier to obtain loans than their male counterparts.
01/06/2014
KCB Bank Rwanda Ltd. plans to focus this year on restructuring bad debts to almost halve the default rate in line with a regulatory requirement, said George Odhiambo, the head of retail banking.
01/06/2014
First Bank, Nigeria's premier bank, said it had successfully re-certified its processes to the latest International Organisation for Standardization Information Security Management Systems.
01/06/2014
Access Bank is Nigeria’s fourth largest bank in terms of assets, according to its website. It held total assets of 1.745 trillion Nigerian naira ($10.99 billion) at the end of 2012.
01/03/2014
Access Bank Divests From Cote d’Ivoire Subsidiary
Access Bank Plc has divested from its Cote d ’Ívoire subsidiary through a direct sale to Afriland First Group SA.
01/02/2014
Sterilisation Continues to Hit Banks’ Profits
Nigerian banks, which in 2012 grew earnings at the fastest pace since the banking crises in 2009, saw profits dip in the third quarter of 2013
01/01/2014
Increased promotion of alternative banking channels is not intended to eliminate the brick and mortar branches
12/28/2013
Intrepid bankers reap rewards in Africa’s newest state
That was in 2005. KCB now has 21 branches in South Sudan generating 9 per cent of the group’s 15.2 billion Kenyan shillings ($175 million) in pretax profit for the first nine months of 2013.
12/25/2013
Guaranty Trust Bank Acquires Kenya’s Fina Bank Group
The bank’s subsidiaries in Uganda and Rwanda are also set to undergo a similar change of identity.
12/23/2013
GT bank nine month results through September 2013 shows an increase in gross earnings by 9 percent
12/20/2013
Africa-focused banking group, Ecobank Transnational has open two more branches in Harare to further expansion in the Zimbabwean market.
12/17/2013
According to the figures on the Average Interest Rates published by the BoG, interests paid by some banks on deposits from customers, for the month of October this year, was as little as three percent.
12/17/2013
United Bank for Africa Plc, which operates in 19 African countries, is renewing attempts to win an Angolan banking license after its first application expired.