05/03/2022
FNB launches ‘bounce back’ loans in South Africa – how to apply
The only restrictions are that the loans can’t be used to repay shareholder loans or settle debt and entities and sole proprietors must be tax registered.
Retail Banking
05/03/2022
Nigeria: Banks, Others' Borrowings From CBN Fell By 66 Percent to N1.4trn in Four Months
An analysis of the CBN financial data revealed that banks and other financial institutions in January 2022, borrowed N313.48 billion, which was a decline of 25.5 per cent from N426.7 billion borrowed in January 2021.
04/28/2022
UBA Reports N41.496 Billion Profit After Tax in Q1 2022
Profit before income tax gained 9.6% to N44.484 billion in Q1 2022 from N40.581 billion achieved in Q1 2021. The lender paid N2.988 billion in income tax in the quarter under review.
04/28/2022
Standard Bank Group of South Africa leads the banking pack in Africa
Standard Bank Group retained pole position for the second time in a row on the back of massive growth in its tier 1 capital of 24% to $13.8bn in December 2020.
04/28/2022
Zenith Bank is Nigeria’s ‘Best Bank’
The objective criteria included growth in assets, profitability, geographic reach, strategic relationships, new business development and innovation in products.
04/26/2022
Key takeaways from Ecobank Transnational's Q1 2022 financial statement
The report also showed that deposits from customers during the first three months of 2022 remained unchanged at $19.7 billion.
04/26/2022
FirstBank emerges best in Nigeria and in digital transformation
FirstBank was named African Bank of the Year & Innovative Banking Product of the Year 2021 by African Leadership Magazine Awards
04/26/2022
Standard Bank Group 1Q Net Profit, Trading Revenue Rose
Regarding its outlook, the bank said its risk appetite and credit outlook remain unchanged at this time.
04/25/2022
AfDB Approves €9.8m Fund for African Startups
The bank’s investment is expected to accelerate the creation of a new class of successful African entrepreneurs that will serve as a model to younger innovators.
04/25/2022
Standard Bank taken to task for talking up mitigating climate crisis while investing in ‘brown’ energy
The EACOP project plans to build a pipeline in 2025 spanning 1,400km across eastern Africa that will transport crude oil from Uganda to Tanzania.
04/20/2022
New Access Bank promises highly improved banking service experience
This is a digital business focused on speed, convenience and value, Wigwe said.
04/20/2022
Kenya: I&M Holdings Ranked as the Most Attractive Listed Bank
We however note that despite this marginal improvement in the asset quality, the NPL ratio remains higher than the 10-year average of 8.1%," the report noted.
04/19/2022
CBN partners Afrexim bank, others to boost MSME financing
It aims to close the financial gaps for MSMEs while increasing their opportunities at the international market.
04/19/2022
ABSA Uganda profit more than double but credit demand takes a hit
“Private sector business growth was underpinned by a rebound in activity in agriculture, construction, and public administration.”
04/18/2022
Absa Uganda profit up as bad debts shrink
Absa has proposed Ush50 billion ($14.2 million) in dividends for the year ending December but have not received approval from Bank of Uganda (BOU).
04/18/2022
Access Bank, GTB, Top LinkedIn’s Ranking on Nigeria’s Best Workplaces
The world’s largest brewer, Anheuser-Bush Inbev, ranked fifth on the list.
04/18/2022
Union Bank of Nigeria Announces 23% Drop in Profit
The group, thus, reported 18.5 per cent increase in total assets to N2.59trillion in 2021 from N2.19trillion reported in 2020.
04/18/2022
Standard Chartered announces changes to refocus and simplify its presence in Africa & Middle East region
The Group has invested heavily in recent years in the AME region
04/14/2022
Arab African International Bank partners up with Liferay to accelerate its digital transformation
By implementing Liferay’s latest digital technology on the bank's website, AAIB customers will be able to smoothly and swiftly access a variety of financial services, via any electronic device
04/14/2022
Standard Bank Wins In The 2021 JSE Spire Awards
The highly coveted annual awards marked their 20th year as the benchmark in recognising elite performance in South African capital markets, as voted for by institutional investors.