04/23/2021
Deposit Liabilities increased by three per cent from N3.611 trillion in December 2020 to N3.717 trillion in March 2021, whilst the Group’s loan book (Net) dipped by 1.4 per cent from N1.663 trillion recorded as at December 2020 to N1.639 trillion in
04/23/2021
The Powership will soon shift from the use of heavy fuel oil to gas.
04/22/2021
With the ratio slumping to its lowest level across seven years to the end of 2020, this means that the market is attaching a lower costs to bank acquisition in respect to their asset carrying value.
04/21/2021
The agency expects the cost of risk to remain elevated in 2021, but lower than in 2020.
04/20/2021
Bank of Cairo is also a minority shareholder in the African Export-Import Bank, which gives it insight into the trade finance needs of Africa.
04/20/2021
London-listed Atlas Mara is paring back on its African foray after Diamond misjudged competition on the continent and paid too much for acquisitions.
04/20/2021
The Nigerian bank would buy just over 78% of BancABC Botswana for an undisclosed cash amount of about 1.13 times the book value plus a two-year deferred payment.
04/19/2021
Gross Earnings (income) rose to N106. 65 billion in Q1’21 from N93.94 billion Q1’2020, indicating 14 per cent increase.
04/19/2021
The lender said that 86 per cent of the cumulative e-credit or Sh105.113 billion relates to salary advances—called e-flexi— while the remainder was taken up by businesses.
04/16/2021
Right behind the two giants are Banque Atlantique Togo (with CFA263 billion) and Union Togolaise de Banque (CFA262 billion).
04/15/2021
Lender cites misunderstanding of product by clients as reason
04/15/2021
Debt-to-GDP levels rose to 76 per cent in 2020 and could well hover around those levels in 2021 should GDP growth improve as expected.
04/15/2021
The Central Bank, which made this known in a recent notice, said this was in view of the uncertainties surrounding the pandemic and its potential impact on the banking sector.
04/15/2021
Capitec chief executive Gerrie Fourie said after taking the SA Reserve Bank’s guidance last year the bank felt it was in a good position to resume dividend payment during the period.
04/14/2021
Bannalotlhe also assured clients safety of accounts, the stability of banking operations, and that customer service will remain top priorities.
04/13/2021
To date, the company’s platforms have served 18 commercial banks and over 450 microfinance banks, amassing a yearly transaction value and yearly loan disbursement of $2bn and $300mn respectively.
04/13/2021
According to him, the bank’s performance in the 2020 made it one of the best performing financial institutions in the land given the challenging operating environment.
04/12/2021
The bank also demonstrated resilience and stability, combining its organic growth with keen focus on its complementary strategy of value-based mergers and acquisitions.
04/09/2021
“This is why we decided to have an exclusive virtual event – that allows participants from all over the world to run the race wherever they are.
04/08/2021
“The Lagos state initiative to tackle waste through LAWMA is indeed an excellent initiative of the Governor of the state.”