02/12/2014
Absa Bank Limited, a wholly owned subsidiary of the Barclays Africa Group, aims to regain the leading market position in SA’s retail and business banking sphere, which remains its “biggest business in its biggest market”.
02/11/2014
Dar es Salaam — Stanbic Bank Tanzania, a member of Standard Bank Group has announced a special campaign aimed at increasing existing customers and grows its book.
02/10/2014
This represents an increase of 2.2% over the corresponding period last year.
02/10/2014
Barclays Africa will have to show it has stopped "bleeding customers" to reassure investors it is back on track when it releases its 2013 full-year results on Tuesday.
02/07/2014
In comments to Asharq Al-Awasat, a senior executive from the African Development Bank denied the development finance institution would be halting its loans to Egypt.
02/07/2014
FBC Holdings Ltd will not merge its banking division, FBC Bank, with its mortgage unit, FBC Building Society, anymore after the central bank last week extended statutory capital requirements by another six years
02/07/2014
Kenya': Barclays net profit down 13 per cent
Barclays Bank, Kenya's third largest lender by market value, reported yesterday net profit dropped 12.79 per cent to Sh7.62 billion in year ended December 2013 compared to Sh8.74 billion a year earlier.
02/07/2014
Currently the biggest bank in the Gulf region, it is looking for acquisition targets in Turkey, Morocco and sub-Saharan Africa, chief financial officer Ramzi Mari told Reuters in an interview at the bank’s Doha headquarters.
02/07/2014
As Nigeria continues to chart the economic growth course, International financial affairs publication The Banker has named three Nigerian banks on its latest Brand Finance Banking 500 ranking.
02/06/2014
SA's unsecured lender African Bank warned of a sharp fall in first-half profits on Wednesday, hit by rising bad loans as debt-laden consumers struggle to meet their payments.
02/06/2014
Ecobank Transnational Incorporated has been declared the most valuable brand in Africa – outside South Africa
02/06/2014
The financial services provider hopes to restart its expansion plans into the African continent and says this time Kenya could be the place to begin.
02/06/2014
South African lender FirstRand invested $400 million in Ghana last year, and is re-evaluating the business case for opening operations in Kenya, its chief executive said.
02/05/2014
Nigeria's Guaranty Trust Bank will open its outlets over the weekend and even deliver cash at home for Kenyan depositors
02/05/2014
Barclays Plc’s South African unit said full-year earnings will probably increase as much as 20 percent after the group expanded into the rest of the continent.
01/31/2014
African Bank Investments Ltd., South Africa’s largest provider of unsecured loans, said it’s in partnership talks for its Ellerine Holdings Ltd. furniture unit as part of a three-year turnaround plan for the bank.
01/30/2014
Zimbabwe adds four Asian currencies
Trade remains anchored in US dollar and the South African rand
01/29/2014
Ghana: Shortage of dollars hits commercial banks
The situation has also affected most businesses that need the dollars for their transaction.
01/27/2014
Diamond Bank plc has entered into an agreement with the African Guarantee Fund to support the bank’s lending to Micro Small and Medium Scale Enterprises in West Africa to the tune of $25 million.
01/23/2014
This means that GT Bank will have a good percentage of the US$338 million Fina Bank’s assets and operations in Kenya, Rwanda and Uganda, but it is also expected that GT bank will not change with the current management of Fina.