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.
Retail Banking
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.
09/13/2023
UBA grows half-year gross earnings to N982bn
This translated to an annualised return on average equity of 57.7 per cent as against 17.1 per cent a year earlier.
09/12/2023
Absa Group CEO reaffirms commitment to its Ghana operations
The visiting delegation’s agenda also included focused interactions with Absa colleagues.
09/12/2023
Zenith Bank Delivers Phenomenal Triple-digit Growth in First Half 2023
Its profit after tax also grew by triple digits
09/12/2023
Unity Bank grows deposits to N333bn in H1
The net loans portfolio reduced significantly by 31 per cent to N198.6bn as of June 30, 2023
09/07/2023
Absa, Stanbic lead in loans to customers as rivals favour State
Absa’s ratio was however lower than Development Bank at 127.4 percent
09/05/2023
South Africa’s middle class is getting crushed
Across most credit metrics, the number of defaults and overdue balances continued to increase against the backdrop.
09/05/2023
M-Pesa Brings Banking Innovation to Mobile with Standing Orders
Details like the launch date and setup process are still unclear.
09/04/2023
How much big South African banks make from fees
MyBroadband recently analysed the fees charged by South Africa’s major traditional and digital banks.
09/04/2023
FG Targets Domiciliary Accounts in Zenith, Access Bank, UBA, Others And Nigerians With Funds Abroad
Vanguard reports that Edun said there is a substantial source of Forex in Nigeria via domiciliary accounts and foreign accounts owned by Nigerians.