11/24/2020
Others are Fidelity Bank at ₦9.1 billion, Union Bank ₦4.31 billion, Sterling Bank at ₦1.96 billion, Wema Bank at ₦1.15 billion and Unity Bank at ₦543 million.
11/24/2020
Bank ratings are capped at the level of the sovereign, which means the likes of Standard Bank Group Ltd. and FirstRand Ltd. will see their ratings fall.
11/24/2020
Another reason for the rollout of this new tool is the recent issues surrounding the interoperability of Masterpass, which has seen its agreements with local QR payment platforms falter.
11/23/2020
In spite of falling earnings occasioned largely by higher costs of covering potential loan defaults, banks sound capital and liquidity positions have barely been rattled.
11/23/2020
“It is also testament to the enduring loyalty of our customers, the hard work and dedication of our staff and the unwavering support we continue to enjoy from all our stakeholders in our drive to deliver best-in-class financial services and superior
11/23/2020
The bank has also introduced new products, including the click credit where the lender has been able to disburse credit facilities to over 50,000 customers since it was introduced in the first quarter of 2020.
11/20/2020
Its net loans and advances grew by six percent to Ksh284.2 billion ($2.84 billion) from Ksh268.9 billion ($2.68 billion) while investment in government securities increased by 50 percent to Ksh142.3 billion ($1.42 billion) from Ksh94.6 billion ($946 milli
11/19/2020
OIGARA: KCB has posted reasonable returns despite harsh times
This made credit quality deteriorate significantly across all segments and banks, which have traditionally been the providers of credit have been badly affected.
11/19/2020
The report also showed that non-interest income rose by 23 per cent from N27.1 billion to N33.4 billion, driven largely by increased trading income and asset revaluation gains.
11/19/2020
This is reflected by a surge in interest income and loan book during the nine months to September 30, 2020.
11/18/2020
Shedding light on emerging technologies, Victor Yaw Asante stated that the fourth industrial revolution technologies will drive higher levels of customer experience and productivity in the banking industry.
11/18/2020
The balance sheet grew by 38 percent to Ksh33.6 billion from Ksh24.2 billion in the prior period.
11/17/2020
Knowler said there is a legal question mark around some of these fees.
11/17/2020
According to the organisers, the “Digital Jurist” is an assessment tool created by digital experts at Phillips Consulting to evaluate the effectiveness and performance of digital platforms.
11/17/2020
With 6.5 million jobs shed in nine months of 2020 – peaking during the hard lockdown – some sectors were expected to bounce back faster than others.
11/16/2020
The ‘AAA’ rating from Moody’s follows earlier affirmations of the ‘AAA’ rating of the Bank, with stable outlook, by the other leading rating agencies
11/16/2020
This was at the global International Business Magazine Awards 2020
11/16/2020
Altraide added that already, over 50,000 people have benefited from the facility, noting that customers can access up to US$1,000 to 5,000 in a matter of seconds.
11/13/2020
If Zambia does default it would become Africa’s first country to default on sovereign debt since the coronavirus pandemic.
11/13/2020
Beyond that, the bank also assists its customers in making better financial decisions through proper financial planning, like budgeting.