Managers of Wealth Africa

African Bank takes its foot off the pedal, targets 25 000 customers a month

Maluleke said the group’s customer base had declined for the first two years after the bank’s curatorship

Customers 'show trust', says African Bank, as profits rise again

According to the statement, retail customer deposits stood at R2.3bn, up from R1.1bn in 2018.

African Bank well on its way to recovery

Net profit after tax up 13% to R1.15bn, with retail deposits increasing 115% to R2.4bn in the year to September.

Family Bank Q3 profit up nearly four times

The lender’s non-interest income, mainly from fees and commissions on loans, grew by 11 percent to Sh2.05 billion.

African Bank’s digital focus pays off as retail deposits double

The group saw it third year of improved profitability to end-September, when retail deposits rose 115%

Absa ready for possibilities

It is poised to further unlock Uganda’s potential and support the country’s accelerated growth with its new business strategy

Isolated Kamanjab welcomes Standard Bank agency

Until the opening of the Standard Bank agency, Kamanjab had no full resident banking services, so inhabitants have had to either travel long distances to other towns to access these banking facilities or rely on mobile banking services by visiting the vil

Sidian raises Sh3.7bn to shore up capital

The bank’s chief executive Chege Thumbi said Sidian also signed an agreement to receive another €1.5 million

Bank of Baroda updates on South Africa Operations

Bank of Baroda Senior Management has taken cognizance of the issues appearing in the media.

Barclays Bank posts Sh6bn profit before rebrand cost

“To ensure the financial performance is comparable and to report the progress on the underlying business, Sh910 million has been reported as an exceptional item relating to the spend on transition to Absa,” said Barclays in a statement yesterd

NBK targets Sh22 billion asset auctions over unpaid loans

Paul Russo, the NBK managing director who was tapped from KCB to oversee the integration

Leveraging merger synergy for higher performance

The results summarised the significant improved performance, reflecting the positive impact of the merger.

FNB launched its zero-fee bank account ahead of Bank Zero - here’s how it compares to other entry levels accounts

The account’s launch is ahead of former FNB CEO Michael Jordaan’s Bank Zero which also promises zero monthly fees.

Equity Group to acquire 66% of Congolese bank

‘It is a further step towards the delivery of its vision of building sub-Saharan Africa’s premier financial institution.”

Zimbabwe central bank reverses policy

Halves key rate to 35%.

Commercial banks begin marketing loans to customers

President Uhuru Kenyatta has criticised commercial banks lending policy “which profiles small enterprises as “high risk” to deny them credit.”

Equity Bank nets Sh100bn of diaspora remittances

“We were not greedy…it is not about how much we charge. Commissions are not the focus, but rather the focus is access to foreign exchange,” said Mr Mwangi at Equity’s quarter three investor briefing on Tuesday.

Wunderman Thompson wins Standard Bank Specialist Digital business

The agency’s ability to maintain its high ground in the face of this is a testament to a business that is leading the way in its proficiency to leverage the digital tools available to modern marketers.

Banks indecisive over ATMs as alternative convenience points

Today, modern ATMs offer a wider range of services — including cash and cheque deposits and cardless transactions such as M-Pesa withdrawal.

Standard Chartered Bank lends KShs 6.3bn to SMEs in 9 months

Mr. Ngari said theexisting loan facilities will not be repriced following the repeal of the interest rate cap.

Retail Banking