06/01/2022
Access Bank records growth: Operating income rises 28.3 per cent
This represents a 28.3 per cent rise during the period.
Retail Banking
05/31/2022
Banks open new branches in rural counties despite automation
The choice of the new bank branches in these counties also appears strategic as most of them are agricultural-rich with major cash crops such as tea and coffee, meaning they have high cash circulation.
05/31/2022
FCMB unveils vehicle ownership scheme
Nigerians can now finance their dream vehicle with an auto loan from FCMB at a low-interest rate with monthly or yearly payment options depending on their income.
05/31/2022
Banks’ earnings rise faster than economy growth rate
The banks recorded N371.9 billion in pre-tax profit, an 18.6 per cent increase over N313.5 billion posted in Q1, 2021.
05/31/2022
Fidelity Bank Ghana is the Best Bank in West Africa – African Banker Awards
The Bank has over the years perfected a variety of innovative product offerings that have succeeded in absorbing hitherto marginalized customers from the unbanked and under-banked segments into the formal banking sector.
05/31/2022
The International Banker 2022 Middle East & Africa Awards Winners
The South African Reserve Bank raised its benchmark repo rate by 25 basis points in March to 4.25 percent, the third straight rate hike, due to increased inflation risks.
05/30/2022
Bank accounts reveal Kenya’s pay inequality
The devolved system of government, which took off in 2013, raised hopes of addressing the economic imbalance
05/30/2022
First Bank Reiterates Commitment To Creating Wealth For The Unbanked
For over 128 years of First bank’s continuous unbroken operations, many more economic cycles, and industry transformations whilst reinventing itself many more times than any financial institution on the continent. https://tribuneonlineng.com/first
05/27/2022
African Bank pursues SME market with purchase of Grindrod Bank
Purchase of all of Grindrod for R1.5bn is intended to speed up entry into business banking market
05/26/2022
African Bank profit well up as it moves to improve retail and business banking
Improved profitability was also due to increased income earned on loan disbursements, which were up by 89 percent to R6.35bn.
05/26/2022
Absa Kenya's profit hits KSh 3b in first quarter of 2022
Absa Bank Kenya revenue grew by 12% to KSh 9.9 billion driven by the net interest which increased by 15% to KSh 6.9 billion
05/26/2022
‘Banks can’t achieve 95% financial inclusion goal without secure technology’
The main goal of the NFIS is to ensure that 80 per cent of Nigerian adults are financially included by 2020.
05/25/2022
African Bank reports return to profit
African Bank said it expanded its retail banking offering, with MyWORLD providing a wider range of products and value-added services for customers.
05/24/2022
Stanbic IBTC Bank to Splash N156m on Customers
The bank’s aim is to maintain this throughout the 12-month promo time by which a total of 840 customers would have been rewarded with N100,000 during the monthly draws.
05/20/2022
Global lenders want a piece of East Africa’s retail banking market
Local banks are becoming more competitive regionally with platforms that appeal to East Africans
05/19/2022
Access Bank Emerges Best Performing Stock, Awosika Chairman of the Year
Access Bank was named the best stock in the ‘Financial Services -Banking’ category for its exemplary performance and creating value on the NGX compared to other quoted banks in the past year.
05/19/2022
Heritage Bank uses technology to deepen financial inclusion
No doubt, financial inclusion has assumed a greater level of importance due to its perceived relevance as a catalyst for inclusive economic growth.
05/18/2022
Access Holdings Plc disowns online investment platform, Access Capital Daily Investment
Access Capital Investment is alleged to be a Ponzi scheme offering a 100% ROI.
05/18/2022
Nedbank rolling out ‘new concept’ design to all branches in South Africa
The branches offer self-service card dispensing kiosks that instantly issue clients with their new Nedbank card.
05/18/2022
StanChart Kenya Q1 2022 pretax profit up 16%
The lender, which is controlled by Standard Chartered Plc, said in a statement late on Tuesday its net interest income rose 7% to 4.92 billion shillings, while loan impairments fell 121% to 86 million shillings.