07/06/2014
ICICI Bank to open China, South Africa branches this fiscal, says MD and CEO Chanda Kochhar
Our focus is on Indian companies expanding into foreign markets
Retail Banking
07/06/2014
HSBC pulls out of Libya with office closure
Bank to close office in Tripoli, ending 50-year presence in the North African state
07/03/2014
Ecobank To Invest $100m In Kenyan Business
The group CEO said the bank plans to further capitalise the Kenyan business in 2014 so as to make it a strong hub or Ecobank operations in the region
07/02/2014
FNB opts to start from scratch in Ghana
The group was in the process of getting a banking licence
07/02/2014
S/African bank unveils money transfer service in Mozambique
The recipient does not need a FNB account and can receive cash at any of the bank’s branches in Mozambique
07/02/2014
Bidvest moves to acquire Grindrod Bank
And expand its financial services offering
07/01/2014
FirstRand Bank's India unit reports net loss
It had total asset base of Rs 1,350 crore, comprising investments of Rs 890 crore in government treasury bills, certificates of deposit and commercial paper
06/30/2014
South Africa’s youngest retail bank intends to open 80 new branches by February
This country needs more competition
06/24/2014
Namibia’s EBank seeks share of SA-dominated banking sector
Despite the competition, Kalondo says EBank would be able to muscle in the market
06/24/2014
The African Development Bank at 50
During last April, the African Development Bank Group announced a programme of activities marking the 50th anniversary of its creation.
06/23/2014
Retail banks in Mozambique slow to reduce interest rates
Adjustments to interest rates by retail banks in Mozambique have been slow and too small in relation to the signs given by the central bank
06/19/2014
Nigeria: Shareholders approve Union Bank’s $750m fresh capital
The shareholders of Union Bank of Nigeria Plc approved the Board of Directors resolution to raise the sum of US$750,000,000 medium term funding through the issuance of debt instruments, tenured bond or Teir 2 securities or a combination of these financing
06/17/2014
‘Magic cash’ the only option for many in SA
Gregor Masinga slumps on a pavement near the Rosebank taxi rank, her hands cupping her shaking head.
06/16/2014
Fidelity Bank promises lower interest on N600m loan to Aba SMEs
Fidelity Bank plc has assured that interest on the N600 million loan, targeted at the garment and leather clusters i
06/13/2014
Ecobank Acquires 96% Stake In Banco ProCredit Mozambique
The stake ourchased by Ecobank was previously held by ProCredit Holding group and DEON Foundation.
06/12/2014
Standard Bank accused of ‘reckless lending’
In a separate case, Standard Bank said a scheme by the same company that swindled Ms Tshatshu, was fraudulent
06/12/2014
Business magazine in Kenya names NMB best bank in Tanzania - 2014
With a panel of distinguished local and international judges from various professional backgrounds deciding on the winners from a number of submissions from other Tanzanian banks and across East Africa.
06/11/2014
Namibia: Nedbank Launches Franchising Business Unit
Nedbank Namibia's view is that this particular industry will play a pivotal role in supporting our government's aspirations
06/10/2014
Central bank’s tightening slows Union Bank’s earnings growth
Banks have for a period been burdened with the regulatory headwinds which have been hampering their growth potentials.
06/09/2014
Ecobank acquires Banco ProCredit, commences trading in Mozambique
We are pleased to have concluded this transaction and are confident that we are leaving the bank in the hands of a very capable partner