09/28/2023
All 29 bank branches where you can get your Smart ID and Passport in South Africa
The confirmation follows the announcement from the Department of Home Affairs this week that the pilot with the banks would be extended to March 2024.
Retail Banking
09/28/2023
Capitec joins the chorus of warnings for consumers in South Africa
The net credit impairment charge grew by 62% to R4.8 billion, with the higher charge mainly due to an increase in the migration of balances into stages 2 and 3 of the retail loan book.
09/28/2023
Old Mutual on track to launch new bank in South Africa
In March, the group said it planned to launch the new bank in the second half of 2024.
09/28/2023
BoI boss bags African banking award in New York
The award is in recognition of Mr. Pitan’s contributions to the leadership and the growth of Nigeria’s industrial sector.
09/27/2023
Union Bank Commits To Drive Inclusive Growth
These goals served as a guide, steering the bank’s dedication towards positively impacting the lives of its stakeholders and society.
09/27/2023
2023: UBA Nigeria’s most profitable bank in second half
GTB’s profits increased by a staggering 261.6 per cent growth in pre-tax profits also on the back of its strong forex business. Despite the incredible growth in profits, it remained in third position.
09/27/2023
Banks record 41% growth in profit to ¢5.7bn
Capital Adequacy Ratio (CAR) adjusted for the regulatory reliefs was 14.2% in August 2023, higher than the revised prudential minimum of 10.0%.
09/25/2023
Ranking: The Largest Bank in Nigeria based on total assets – 2023
The banks are listed in ascending order to provide an easier and more intuitive understanding of their sizes relative to each other.
09/25/2023
Zenith Bank, Access Bank, UBA, Other Banks Borrow N3.03trn From CBN in 22 Days Amid Bad Loans
Financial experts believe that the growing SLFs are due to monetary tightening by the apex bank
09/25/2023
Access Bank fails to double profits in H1 2023, despite 52% growth
Fidelity recorded ₦61 billion from ₦23 billion in June 2022 while Stanbic recorded ₦67 billion from ₦30 billion in June 2022.
09/22/2023
Government plans to launch a new bank in 2024
Cooperative banks can operate at any level, but are limited in their products and services – such as foreign exchange.
09/22/2023
Discovery Bank hits 700,000 customers in South Africa – still running at a loss
The increase in interest rates across Discovery’s main insurance markets – South Africa and the UK – impacted headline growth
09/20/2023
Mixed bag for retailers in South Africa
Fears over increased load shedding during winter would have also hurt confidence.
09/19/2023
Six banks earn N3.9tn in six months
United Bank for Africa delivered a 164 per cent growth in its gross earnings which rose to N981.78bn as of June 2023, from N372.36bn recorded last year in June 2022.
09/18/2023
Battle of the banks 2023: Capitec vs Standard Bank vs FNB vs Absa vs Nedbank
The banking market isn’t only facing challengers from the digital sphere either, with Old Mutual – one of the oldest financial companies in the country – also gearing up to launch its own bank in 2024.
09/18/2023
StanChart’s Regional CEO pays working visit to Ghana
For decades, the Bank has supported Ghana’s economic growth and helped businesses in the country to deliver on their ambitions.
09/18/2023
Our positive financial results attributed to customers support – FirstBank Holding CEO
The News Agency of Nigeria (NAN) reports that forum serves as a platform for discussing important issues that are crucial to the growth and success of businesses.
09/15/2023
Co-op Bank of Kenya named African SME financier of the year
'We are encouraged by this award as a demonstration that we have listened, studied and built competitive solutions for SMEs to realise their goals'
09/14/2023
TymeBank hits 7.4 million customers in South Africa – with profitability right around the corner
TymeBank is also expanding its business and operations, ARC said.
09/14/2023
Fidelity Bank acquires Union Bank UK subsidiary
The bank had earlier received a letter of ‘No Objection’ to the transaction from the Central Bank of Nigeria.