10/05/2021
Nedbank to offer credit cards to low-income earners
Many of these people will now have the opportunity to get a credit card for the first time
Retail Banking
10/05/2021
TymeBank to launch 600 new kiosks and other banking services in Foschini stores
The kiosk, TymeBank app, and other digital interfaces will give TFG customers access to services such as electricity payments, money transfer, and savings products, thereby allowing customers to shop and transact simultaneously.
10/05/2021
Banks told to keep pace with changes
“The alliance aims at promoting internationally acceptable standards of knowledge, skills, competences and conduct in the banking industry across Africa,” said the executive director.
10/01/2021
Capitec is fast outgrowing its older siblings, and it's coming for high earners next
"It's quite scary how the brand has been accepted and how the brand is growing - if you add six million clients over a four-year period, I think it's an incredible achievement," he said during the presentation of the bank's financ
09/30/2021
Capitec reports continued recovery on expanded digital offerings and strong customer growth
“It is the directors’ intention to declare 50% of headline earnings for the 2022 financial year as dividends for the year,”
09/30/2021
We are very pro-vaccination, says Capitec chief executive
The bank said it viewed the challenging socio-economic climate as an opportunity to assist clients by enhancing its digital offering.
09/30/2021
Nigerian Access Bank issue $1bln worth of Eurobonds
For the first transaction, Access Bank received an interest rate of 6.125% for a maturity of 5 years.
09/29/2021
Nedbank Group chairman passes away
He has always been considered a pioneer in his field
09/29/2021
Access Bank chairman blames mismanagement for poor state of economy
“In Nigeria, the two most recent recessions occurred in the year 2016 (which we quickly got out of) and 2020. While the 2016 recession was localized, the 2020 was global in nature.
09/28/2021
Ecobank Introduces Hybrid Business Account for Entrepreneurs
Some of the benefits of the Business Account package include access to EcobankPay- NQR code-based payment method for seamless sales collections and OmniLite- the web-based payment platform for small businesses.
09/24/2021
Customer Deposits On Kenyan Banks Rose 8.9 Pc In 2020 – Deloitte
The report, however, noted that gross loans and advances remained low compared to the growth in customer deposits.
09/24/2021
Absa rolls out ambitious plans for a R9.4 billion B-BBEE deal
The staff component would enable all Absa employees across the group’s operations to become shareholders and to participate in the group’s growth.
09/23/2021
Access Bank Celebrates 2 Years Of Signing Global Principles For Responsible Banking
Over the years, the Bank has consistently focused on adhering to the six Principles of Responsible Banking, which include aligning strategies to the United Nations Sustainable Development Goals, the Paris Agreement, and other relevant societal references.
09/17/2021
UBA Records 33 per cent YoY Profit Growth, Declares 20k Per Share Interim Dividend
The results filed with the Nigerian Exchange, showed that the Group’s profit after tax stood at $147.5mn
09/16/2021
FirstRand reports faster than expected earnings recovery
The group accreted capital over the period, growing net asset value 10%, which enabled the group to pay a full-year dividend representing a 56% payout.
09/15/2021
TymeBank expects to break even in 2022
TymeBank has also made a splash with an enhanced value proposition to consumers by adding insurance, as well as a ‘buy now, pay later’ product called MoreTyme.
09/14/2021
Bank of Mozambique Foresees Gradual Recovery of the Economy
At its ordinary session held on Friday in Maputo, the CPMO decided to maintain the monetary policy interest rate, MIMO rate, at 13.25 percent.
09/14/2021
5 Kenyan CEOs Ranked Among 50 Best Leaders in Africa
"Leading banks have a proper and well-defined pattern of operation model constructed by a major in-house innovative mind-a leader; these are Bank CEOs and MDs."
09/13/2021
Fidelity Bank Reports 72.4% Increase in PBT To N20.6bn
The Bank showed a good appetite in funding the real sector with Net Loans and Advances increasing by 15.8 per cent YTD to N1,535 billion from N1,326 billion in 2020FY.
09/13/2021
FBN Holdings, Fidelity Bank, Others’ Interest Income on T.Bills, Bonds Shrink 12% on Low-interest Yield Environment
The Head, Retail Investment, Chapel Hill Denham, Mr. Ayodeji Ebo in a telephone chat with THISDAY attributed the decline to banks interest rate generated from T-bills and bonds to reinvesting in lower rate securities.