03/31/2023
The financing is expected to catalyze additional deposits to expand MCB’s loan book, benefiting several Mauritian and African corporates, as well as SMEs.
03/30/2023
The 9.5 percent rate is the highest since March 2018 and will egg banks on to make a fresh round of lending rate increases that will hurt businesses in a recovering economy.
03/28/2023
The deposit coverage limit was raised to Sh500,000 per account in July 2020 following amendments to the KDIC Act, which were to offer enhanced protection to banking depositors.
03/28/2023
Irechukwu noted that in recent months, social media had been awash with reports of fraud cases, with many of these cases going viral, embarrassing the banks involved.
03/24/2023
NBK ranks as the second largest subsidiary for KCB ahead of BPR Rwanda
03/22/2023
The main revenue line for the custody business is from the fee you are charging
03/17/2023
You will also have peace of mind knowing that all Rand Swiss transactions are highly secure, and approved by the SARB.
03/16/2023
The initial phase of PayShap will see the participation of the first cohort of banks: Absa, First National Bank, Standard Bank and Nedbank. More banks and non-banks are set to follow.
03/16/2023
Most companies (74%) rely on IT staff to manage their technology
03/15/2023
The bank’s impairment charges increased 61% to R13.7bn after it was forced to raise R2.7bn in coverage to cushion it against its Ghana sovereign debt exposures.
03/14/2023
The group received Section 13 approval from the Prudential Authority to proceed with the application for a banking license in November 2022.
03/13/2023
The Bank has also received approval from the Central Bank of Kenya to offer cards-as-a-service using its regulatory licence to tech-enabled approved partners.
03/10/2023
The restructuring is a key condition for the nation to finalize access to a $3 billion bailout from the International Monetary Fund.
03/09/2023
Standard Bank, the continent's largest lender by assets, said in 2023 it expects its net interest income - the main growth metric for banks - to be driven by renewables and infrastructure and higher interest rates.
03/09/2023
The payments space in Ghana has been growing since the Bank of Ghana introduced the Payment Systems and Services Act (2019)
03/07/2023
From January to November 2022, the Federal Government incurred a fiscal deficit of N7.34tn.
03/07/2023
The online training forms part of the Ecobank’s MSME Booster series and offers online learning tools for MSMEs seeking growth as they prepare for the new business year.
03/03/2023
Including commercial customers, FNB’s South African client base now sits at 9.24 million (up 5%) while total active customers across the entire group also increased by 5% to 11.22 million.
03/03/2023
Other banking channels have also registered increased usage with the preference for automated teller machines
03/02/2023
Profits took the most blow from the need to set aside N6.2 billion from revenue to cover loans.