Managers of Wealth Africa

Zenith Bank Secures Afreximbank’s $200m Facility

It would also allow Zenith Bank to on-lend to eligible sub-borrowers involved in the manufacture and supply of medical resources needed to combat the COVID-19 pandemic.

GTBank, Access Bank, 11 others pay workers N271.64 billion in H1 2020

The COVID-19 pandemic did not have any impact on how much the bank workers earned.

S.African bank FirstRand's profits drop 38% after further $915 mln provision

FirstRand says coronavirus has devastated econoomy Porfits drop 38%, mainly due to $915 mln bad debt provision says crisis will weigh on profits

South Africa’s 5 biggest banks compared: earnings vs customers vs market cap vs reach

The data below covers group and South African data, as indicated, taken from each respective bank’s latest full year financial results.

Nedbank CIB walks away with Energy Deal of the Year award

CIB’s involvement in the successful conclusion of the AFC ‘Kimchi’ Syndication transaction also saw it nominated for Deal of the Year in the Debt Finance award category, the company stated.

Banks lose Sh19bn in six months on Covid hurdles

The value of bad loans in the banking sector rose by Sh29.95 billion between March and June alone showing the intensity of economic hardship facing borrowers due to increased layoffs and salary cuts.

Five banks raked in N175.41bn on fees, commission

The breakdown revealed that UBA reported 6.73 per cent increase in fee and commission to N55.87bn from N52.34bn in 2019 while Access Bank reported N51.77bn fee and commission in H12020, up from N41.86bn in 2019.

Fidelity Bank Rolls Out Ghana’s-First Global Payments Innovation For Safer International Payments

This high-valued service will improve our customers’ ability to track cross-border payments or transactions in real-time, with maximum transparency.”

Nigeria's Fidelity Bank to sell up to 50 bln naira bond in Q4

Debt market yields have dropped from a high of 18% three years ago. Yields on the one-year treasury bill are quoted under 5%.

First Bank tops as Nigerian banks record lower E-business income

The FUGAZ generated a sum of N67.3 billion from electronic business during their half-year 2020.

Ghana Assoc. of Bankers Assures Of Stringent Measures To Minimize Fraud

Fraud has become one of the most challenging issues facing the financial sector of most countries globally.

Borrowers default 90pc of Spire Bank loan book

The six-month loss is more than twice the Sh254.7 net loss it booked in the full year of trading in 2019.

Zenith Bank blows past Access Bank as customer deposits cross N4 trillion

First Bank is still the largest Nigerian bank by customer deposits but Zenith Bank is closing in.

Fidelity Bank reports N11bn half-year profit

Net assets grew by 20 per cent to N242bn from the N202bn reported in Q1 2019.

Nigeria’s top seven banks grossed N1.77tr in six months

Total gross earnings within the top seven banking group rose by 7.8 per cent to N1.77 trillion in first half 2020 compared with N1.65 trillion recorded in corresponding period of 2019.

Bidvest Bank’s employees cuts emphasise modifications in banking sector

The bank mentioned lockdown restrictions on tourism and hospitality industries had a devastating impact on its enterprise, which has a powerful focuses on overseas exchange and associated merchandise.

The Top Ten Largest Banks in the African Continent

Combined, our top ten list would be valued at over $600 billion USD. Interesting fact, only four countries in Africa as a whole are represented in the Top Ten list; in fact, one country alone holds five places on the list.

GTB posts N109.7b profit in first half

Profit before tax closed first half 2020 at N109.7 billion, representing a decrease of 5.2 per cent from N115.8 billion recorded in the corresponding period of 2019.

Ecobank Nigeria empowers small businesses, as AUDA-NEPAD partners Ecobank Group to launch MSME Academy

The MSME Academy is an initiative of the AUDA-NEPAD in partnership with the Ecobank Group.

Access Bank launches ‘Perfect start’ promo for kids

The Managing Director, Olumide Olatunji, introduced the ‘Perfect Start’ promo which is the first of its kind in the sector to the public.

Retail Banking