04/30/2023
The increase in net operating income, the bank explained, was mainly due to a conscious effort to increase risk assets which saw an increase in Gross Loans and Advances by GH¢581.1 million from GH¢1,135.1 million to GH¢1,716.2 million, repr
04/30/2023
The bank’s net loan balance in 2022 stood at N2.116 trillion (2021: N1.66 trillion). This
04/30/2023
In October 2022, the CBN sold Polaris bank for a paltry N40 billion under controversial circumstances, after sinking over N1.2 trillion into it.
04/28/2023
The rebound in January and February this year boosted expectations of a return to growth for these cashless transactions going forward, following a decline in 2022.
04/24/2023
The Ecobank Group was established in 1985 to drive financial integration and socio-economic development in Africa.
04/24/2023
KCB Bank Kenya is the most profitable having posted a pre-tax profit of Sh49.7 billion in the review period or 20.4 percent of the sector’s total.
04/24/2023
Further analysis reveals Access Bank’s N508 billion non-operating income is attributable to most contribution from net gains on financial instruments at fair value
04/21/2023
This is happening as more Nigerians continue to adopt electronic forms of payment with total cashless transactions rising by 42.05 per cent y-o-y in 2022.
04/20/2023
Operating expenses grew marginally by 0.4 per cent to N79.4bn from N79.2bn in 2021, reflecting tight cost control despite inflationary pressures.
04/20/2023
Islamic banking is growing in double-digits in SA, with conventional banks like Absa now customising the experience for consumers.
04/20/2023
It also said that the Ghana, Senegal and Guinea subsidiar- ies would be next in the phased name change implementation.
04/19/2023
The interests range from shares valued at R550, to holdings of R453,900 in Absa Bank.
04/18/2023
Profit on the upper end of its forecast range
04/17/2023
FNB, Absa and Standard Bank have a larger proportion of South Africans that earn more than R10,000 compared to lower income brackets.
04/17/2023
Growth forecasted to be at 4.0% in 2023, down from 4.75% in 2022
04/13/2023
The nature of local banks’ depositors is one reason few analysts see the odds of a run here. Rather, the global sell-off, they say, is good reason to buy
04/12/2023
The bank has reimagined ways to support customers with its R1bn SME Bounce Back Loans and new financial solutions for alternative energy
04/11/2023
The dividend pay out is on the back of N1.32 trillion profit after tax (N691.97billion in 2022 and N631.41 billion in 2021) financial year.
04/10/2023
CODI aims to put South Africa on par with its international peers and further align its financial sector to the principles of international standard-setting bodies.
04/06/2023
KCB Group more than tripled its statutory loan reserves and increased loan loss provisions during the same period.