Managers of Wealth Africa

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.

Cairo Bank changes name, shifts focus

Cairo Bank is a subsidiary of Egypt-based banking group - Banque Du Caire Group.

Absa commits to growing African trade with award-winning online platform

With its experience on the African continent and ongoing digitisation journey, Absa is well placed to make good on its commitment to grow trade.

UBA Posts N44 Billion Half-year Profit

The bank’s gross earnings also grew to N300.2 billion, compared with the N294 billion it made in the comparable period of 2019.

Ecobank’s impairment loss is huge but it could just be accounting

Ecobank’s impairment losses were governed by 3 core elements in Q2 2020.

Access Bank's perfect start campaign gives children a boost for the future

Perfect Start” promo which is an industry first, will run digitally online as part of efforts to adhere to COVID-19 safety protocols while creating opportunities for families to have fun and win amazing prizes.

First Atlantic Bank To Be Transformed Into A Global Bank Out Of Ghana

The tape-cutting ceremony formally commissioned the new extension to its head office.

Fidelity Bank to release H1 result Sept. 28

Fidelity Bank Plc is to publish its financial statement for half year ended June 30 on or before Sept. 28.

DEG invests in Ghana’s commercial bank

DEG has provided a $30m long-term loan to First National Bank Ghana, a commercial bank in Ghana.

Covid-19 uncovers Nedbank's overexposure to SA market

Brown said the group's earnings in the first half of 2020 reflects the impact of the pandemic and resultant lockdown in the South African economy, where most of their operations are.

Four banks delay half-year reports

The bank’s primary regulator is still in the process of reviewing the AFS and same would be released to the market upon receipt of the said approval.

Access renames Moi-linked bank after Sh1.4bn buyout

Top owners of the 36-year-old Kenyan bank with 28 branches were companies owned by close associates of the late Moi, including Joshua Kulei, Simeon Nyachae and the former Vice President George Saitoti.

Top banks set aside Sh31bn for loan defaults

The provisions for bad loans cut the lenders’ net earnings by a third to Sh32.5 billion, making it the dominant factor in determining their profitability following the pandemic, overshadowing growth in interest income and fees on transactions.

Worst six months for banks as profit drops by 30 per cent

KCB, the country’s largest bank by asset size, relinquished its pole position as the most profitable lender after its pretax profit declined by 40 per cent to Sh7.6 billion.

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