Managers of Wealth Africa

Ecobank Group Reports $401m Profit Before Tax

Operating profit before impairment charges up 12 per cent to $592.

MSME Bank of the Year Award: Customers Laud Polaris Bank

Recounting his experience securing a business loan from the Bank, Ken said, “the loan has helped him scale-up business, mainly because of the swiftness in which the loan was appraised and disbursed”.

Ecobank is undervalued but its Nigerian business is also under performing

The bank started 2022 on a cautious note following the IMF’s plan to cut the global growth forecast due to the high inflationary and high-interest rates environment.

South African Banks Are Well-Positioned to Absorb Risks

The banks recorded strong revenue growth in 9M22

Zenith’s ‘Bank Of The Year Nigeria’ Award Signals Robust Year-End Performance

This came on the heels of the award as Number One Bank in Nigeria by Tier-1 Capital by The Banker won by Zenith Bank earlier in the year.

Ecobank Reports $401 Million Before Tax in Nine Months to September 2022

Revenue grew by 7% from $1.26 billion in recorded the same period of 2021 to $1.35 billion in the period under review.

Access Bank introduces specialised debit cards for women

The bank rewarded female entrepreneurs who emerged winners in its grand finale of W-Initiative’s Womenpreneur Pitch-A-THON Season four, with prices ranging from N500,000 to N5 million.

South Africa: African Bank basks in profit jump and IPO dream, warns of power woes

The intention is to enable our current shareholders to exit by means of this IPO

Most loved and hated banks in South Africa — with one slipping badly

FNB was the most likeable bank overall, with a positive net sentiment index score of 37.5%, followed by Absa with 25.8% and African Bank with 14.1%.

South Africans are threatening to close their bank accounts – this is where they would rather go

One big area analysed by the group is churn – the movement of banking customers from one bank to the next – where the analysis of conversation topics looked specifically at author intent.

TymeBank eyes 6 million customers as it makes big push into business banking

Retail Capital is a fintech company that provides funding to small and medium-sized businesses, and work is now underway to integrate the organisations.

Access Bank Launches New International Money Transfer Platform

This new service was created with the aim of facilitating the payment of goods and services between Access Bank subsidiaries, limiting the risk associated with cross-border cash-based transactions.

Uganda banking sector resilient but loan write-offs surge

Central bank says asset quality of commercial banks improve

Big changes for bank cards coming to South Africa

This will see cards being processed and delivered faster and more securely in the country

BoG commends UBA as it opens new business office in Ashiaman

With the opening of this Business Office, the bank would be contributing further to the deepening of financial intermediation in the Ghanaian industry.

Nigeria: Zenith Wins 'Bank of the Year Nigeria' in the Banker's Awards

This came on the heels of the award as Number One Bank in Nigeria by Tier-1 Capital by The Banker won by Zenith Bank earlier in the year.

Access Bank Completes Acquisition Of Sigma

Corporation’s expansive distribution network, strong risk management culture and best-in-class governance standards to create a formidable pension funds administration business. https://tribuneonlineng.com/access-bank-completes-acquisition-of-sigma/

Access Bank Unveils New Debit Card For Women

“With the WCard, a card meant for women , women of integrity, women who can go out there and stand on their own in the business world and for women who are able to walk in the lanes of integrity like access bank believes.’’

Absa overhauls pricing strategy and rewards programme

Announces sizeable fee reductions in some categories as it works to ‘deepen’ its relationship with customers.

FCMB Group Declares 68% YoY Increase in PBT to N26.5bn

The growth in gross revenue was driven by a 33.1per cent growth in interest income and a 36.1per cent growth in non-interest income.

Retail Banking