09/07/2022
Discovery Bank cheers customer growth – but still delivers R990 million loss
Discovery Bank, however, recorded an operating loss for the financial year of R990 million, although it was 10% lower than the previous financial year.
Retail Banking
09/06/2022
African Bank launches new loyalty programme for customers
The group has partnered with Loylogic, a loyalty and engagement solutions specialist, and loyalty marketing business, Pinnacle Rewards
09/06/2022
HSBC names new team of dealmakers for private markets drive
A slump in equity capital markets deals in 2022 has made private markets teams more integral to banks
09/06/2022
FirstBank’s Adesola Adeduntan: eNaira rollout ‘exciting’
He is overseeing one of the most extensive transformation programmes in the sub-Saharan African financial services industry
09/05/2022
Access Bank launches Womenpreneur Pitch-A-Ton season 4 to empower female entrepreneurs
The Womenpreneur Pitch-a-ton Africa has been designed to provide female owned businesses, an opportunity to access finance, world-class business trainings as well as mentoring opportunities.
09/02/2022
Cheapest bank accounts in South Africa right now
New fee structures have also taken effect in the last few months, such as updates for the Bidvest GROW account and FNB’s prodcut suite.
09/02/2022
Don’t expect Nedbank, Discovery Bank, Capitec and FNB to change just yet
The research surveyed 1,000 people across the board, from executives in the industry to average consumers.
09/01/2022
Barclays raises $623 million in gross proceeds from Absa exit
The placing is expected to result in a proforma increase of about 4 basis points to Barclays' group CET1 ratio
09/01/2022
Fidelity Bank grows half year profit by 20.7% to N23.3 billion
...proposes 10 kobo interim dividend
08/31/2022
Fidelity Bank Gets CBN’s Approval to Acquire Union Bank UK
The proposed acquisition marked Fidelity Bank’s first foray into the international market and signals yet another milestone in the bank’s increasing profile as a leading African bank.
08/31/2022
Agusto & Co Predicts 23% Return on Equity for Nigerian Banking in 2022
The rating agency made the prediction in its 2022 Banking Industry outlook adding that it anticipates a 16.5 per cent year-on-year (Y-o-Y) loan growth in 2022.
08/31/2022
Ecobank Nigeria Unveils Special Scheme on Loans and Remittances
Customers can either opt for the Employee Credit or Cash backed Back2School scheme based on their cash flow.
08/31/2022
Agusto & Co forecasts 16.5% banking sector loan growth
It disclosed this in its annual ‘2022 Nigerian banking industry report’, which provided a comprehensive review of Nigeria’s banking industry and the near-term expectation for the Industry.
08/31/2022
Fidelity Bank proposes to acquire Union Bank UK
It is the latest phase in the train of divestments by Union Bank which, beginning late last year, saw it offload 90 per cent of its shareholding to a new owner, Titan Trust.
08/30/2022
Banks are ready to make a permanent shift in how they do business in South Africa – but there’s a catch
This consumer paradigm shift goes beyond an expectation that banks will simply offer digital apps and websites atop their core brick-and-mortar services and operations.
08/30/2022
Standard Bank supports gender transformation
Celebrates exceptional women CAs while helping to raise bursary funding for those who aspire to follow in their footsteps.
08/30/2022
Stanbic IBTC Holdings: BUY ratings maintained on impressive half year scorecard
The proposed interim dividend is valued at about N19.435billion
08/29/2022
Nigeria’s Diaspora remittances rise 20.3% to $5.16bn in Q1’22
On a Quarter-on-Quarter basis, QoQ, remittances rose by 2.6 per cent in Q1’22 from $5.03 billion in Q4’21. This represents the seventh consecutive quarterly increase in diaspora remittances.
08/26/2022
UBA Partners MFS Africa on Seamless Digital Payments and Remittances
Both organisations signed an MoU at the UBA Head Office in Lagos on Tuesday, heralding the start of a partnership that will be pivotal in leveraging MFS Africa’s digital payment hub that connects over 400 million mobile money users to a wide range
08/26/2022
UBA, African firm partner on innovative payment solutions
Speaking during the signing ceremony, the UBA Group Deputy Managing Director, Muyiwa Akinyemi, emphasised the benefits for customers in the long run.