10/03/2023
Kenya picks Citi and Standard Bank to advise on maturing $2 billion Eurobond
Finance Minister Njuguna Ndung'u has sought to downplay the situation, saying it is not a "big deal".
Retail Banking
10/03/2023
Three Moroccan Banks Secure Spots in Africa’s Top 10 for 2023
The Banker said that Moroccan banks demonstrated resilience and stability in a challenging economic environment.
10/03/2023
Bond auctions underperform amid investor-CBK interest rate standoff
On the T-bills sale, which targeted Sh24 billion across the three tenors of three, six and 12 months, the State managed to raise Sh4.52 billion.
10/02/2023
How we fared in sustainability, innovation, by Union Bank
The 7th edition of the report, titled ‘Driving Inclusive Growth; Impacting Lives, Enabling Success,’ provides an extensive overview of Union Bank’s ongoing commitment to fostering a sustainable future.
10/02/2023
GCB introduces new mobile banking application
The enhanced App, which replaces the current one, comes with more exciting features.
10/02/2023
NCBA, National Bank step up battle for retail customers
Our goal is to offer the support to overcome these, enabling them to realise their full potential,” said NBK managing director George Odhiambo.
10/02/2023
11 Banks’ Non-performing Loans Hit N1.67tn on Write-offs, Restructuring, GSI
For most African Countries, currency depreciation contributed to higher inflation and public debt figures as well as a deteriorated loan position.
09/29/2023
Co-op Bank overtakes KCB at bourse
Equity Group remains the most valuable bank at Sh135.6 billion despite losing Sh34.3 billion over the review period.
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.
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