05/31/2021
Speaking the SME language: Absa attracts more enterprises with revamped products
We have seen good gains on how we have repositioned, and our staff across our branch network are now speaking the SMEs language,” Mrs Situma says.
Retail Banking
05/30/2021
Equity Group emerges resilient amid multiple crises
Interest income grew by 32 percent while non-funded income grew by 30 percent to contribute 42 percent of total income.
05/30/2021
GCB Bank records profit before tax
The Board Chairman said the net trading income grew by 17.6 per cent to GH¢166.63 million from GH¢141.75 million whilst net fees and commission income also increased by 15.1 percent to GH¢277.98 million from GH¢241.51 million.
05/27/2021
African Bank reports steady return to profitability
Net customer advances balances: R16 698 million (H1 2020: R18 995 million)
05/27/2021
Ecobank Partners LSETF to Support Lagos MSMEs
Under the arrangement, Ecobank is expected to make available its various platforms and solutions to LSETF for prequalified MSMEs in Lagos to drive attainment of the objectives as set out by LSETF and Ecobank Nigeria.
05/27/2021
Standard Chartered Bank registers Ksh. 2.4 billion net profit in Q1 FY2021
Total non-interest funded income grew to Ksh. 2.5 billion from Ksh. 2.2 billion, compensating an 8.2% drop in total interest income to Ksh. 5.6 billion.
05/26/2021
FirstBank Wins Global Banking Awards
The awards were created to recognise companies of all sizes which are prominent areas of expertise and excellence within the financial world.
05/26/2021
Kuda Bank Surpasses One Million Customer Base
Kuda is set on reaching all Africans on the planet, the core target of its mission to make banking services affordable, accessible and rewarding.
05/26/2021
NCBA profit rises 74pc on high interest income
Interest income from loans and investment in government debt securities rose 8.1 percent to Sh11 billion as the lender increased its purchase of the risk-free assets.
05/25/2021
South Africa’s most valuable bank brands
Factors that are considered include marketing investment, stakeholder equity, and the impact of those on business performance.
05/25/2021
AfreximBank closes historic US$1,3bn bond
The closing of the transaction is evidence of the bank’s growing capability to harness competitively priced long dated resources into Africa
05/24/2021
Absa in 'sell-off talks'
A combination of the Absa business with the Sanlam-owned equivalent would become one of SA's largest money managers
05/24/2021
I&M Bank Kenya takes Sh5.4bn IFC loan to boost lending
The subsidiary of Nairobi Securities Exchange-listed I&M Holdings is the latest among local banks to raise billions of shillings from international financiers to fund their expansion and ride out the increased economic risks brought by the Covid-19 pa
05/21/2021
Mayfair CIB Bank books its first net profit since 2017
Its interest income increased to Sh277.2 billion from Sh193.3 billion on increased lending in a period when most banks have gone slow on issuing loans. Increased lending saw it fees and commissions from loans more than double to Sh15.2 million.
05/21/2021
Absa wins big at the 'Global Finance Digital Innovator Awards'
The bank walked away with two digital banking awards at the 2021 Global Finance Digital Innovator Awards.
05/21/2021
Djibouti’s Salaam African Bank acquires Kenyan microfinance
The Islamic lender, which holds 30 percent of the total bank accounts in Djibouti, has a presence in Ethiopia through a representative office and in Kenya through an investment bank licensed by the Capital Markets Authority.
05/20/2021
Polaris Bank Nigeria launches VULTe; a new Digital Bank
Offers free giveaways on transfers
05/20/2021
Access Bank acquisitions trigger losses for shareholders
In 2018, the lender acquired Diamond Bank through a merger and acquisition deal, completed in 2019.
05/20/2021
BMCI launches digital bank Masrvi
This will help strengthen Masrvi’s product line and enable us to offer a full range of banking and financial products in the very short term.
05/20/2021
Kasisto Establishes Itself as the Intelligent Digital Assistant Leader for Banking on the African Continent
Kasisto makes key organizational hires within the African market as the firm experiences significant growth and selection of KAI by 3 of the top 5 financial institutions within this important region