03/12/2020
By 2023, Access Bank will have consolidated its position as Africa’s gateway to the world with about 100 million customers in Nigeria and additional 20 million customers across our African subsidiaries.”
03/11/2020
"We still believe that a RoE target of 18% to 20% is appropriate for our group, although we do not envisage achieving it until 2022 at the earliest, which is heavily dependent on the state of SA's economy," the lender said in a statement.
03/11/2020
But warns of a ‘material slowdown’ already underway in South Africa.
03/11/2020
But in his first results presentation to analysts since taking over, Mminele said: “It has been almost two years since we began implementing this strategy and we are now in a position to evaluate whether we are seeing the desired outcomes.”
03/11/2020
CBK approved the transaction on December 24, 2019 under Section 13 (4) of the Banking Act. The National Treasury Cabinet Secretary, National Treasury also approved acquisition under Section 9 of the Banking Act.
03/10/2020
The prominent of these challenges are the lack of credit access and the inefficacy of agencies mandated to unlock the potential of SMEs.
03/05/2020
The African diaspora are estimated to remit back home about Sh160 trillion ($160 billion) annually.
03/03/2020
The lender’s headline earnings per share - the main profit measure in South Africa - stood at 2,605 cents ($1.69), versus 2,793 cents a year earlier.
03/02/2020
Further analysis of the results showed the Bank’s asset base remained strong and diversified, growing by 33% to N6.6 trillion as at September 2019, up from N4.95 trillion as of December 31, 2018.
03/02/2020
Many Nigerian banks are looking to surge into both developing and developed markets, following the trend of customer migration into new and emerging markets.
03/02/2020
Notwithstanding the challenging business environment in Nigeria, the Bank’s Profit Before Tax was impressive at N111.3 billion
02/27/2020
All figures are presented on an underlying basis and comparisons are made to the full-year 2018 on a reported currency basis, unless otherwise stated
02/27/2020
Deputy Minister of Finance, Dr David Masondo, told journalists at a pre-Budget briefing that the state was aiming to consolidate the proliferation of "quasi" state banks, such as Postbank, into a single bank, which would be a deposit-taking inst
02/24/2020
Zenith bank attributed the improved performance to 29 percent surged in noninterest income from N179.9 billion in 2018 to N231.1 billion in 2019.
02/13/2020
Uganda and Tanzania come in 12th and 14th respectively. So what does one read in the RMB rankings as far as the EAC is concerned?
02/13/2020
With the removal of rate cap, it is expected that bank earnings will go up, helped by increased interest income from customer loans.
02/10/2020
This was after Barclays PLC decided to reduce its holding in Barclays Africa.
02/06/2020
First National Bank Ghana Limited, with South Africa’s FirstRand Group as its parent company, did not come to Ghana with the cacophonous bells and whistles which usually accompany many a new entrant.
02/06/2020
“Poor weather conditions also curbed output at many businesses.”
02/06/2020
Further analysis of the report showed that withiby the year under review, Fidelity Bank charged customers N23bn from for using automated teller machine, telex, embanking services as well as other services.