11/30/2020
Banks’ Profits Rise to N677bn Despite COVID-19 Harsh Conditions
The results were compiled by THISDAY from their respective nine-month reports for the period, which the banks presented to the Nigerian Stock Exchange (NSE).
11/30/2020
The winners were selected from 122 countries and districts globally using criteria which included transaction volumes, market share, scope of global coverage, customer service, competitive pricing and innovative technologies.
11/30/2020
Across most of the countries in which the group operates in sub-Saharan Africa, infection rates and lockdowns have moderated, and economic activity has recovered.
11/30/2020
Last year, KCB Group acquired the struggling state-owned National Bank of Kenya (NBK) and took over the good assets of Imperial Bank which was put under receivership by the Central Bank of Kenya on October 13, 2015.
11/27/2020
Women account for 30pc of Stanbic first-time mortgages
The CBK data shows that mortgages recorded the highest growth in non-performing loans last year from Sh27.2 billion in 2017, reflecting the struggle by investors to find buyers for their houses amid dwindling returns.
11/27/2020
NCBA posts Sh2.5bn nine months net profit
NCBA net interest income during the review period was at Sh16.96 billion as net loans and advances to customers closed at Sh249.69 billion.
11/26/2020
Instant EFT payments use a method called ‘screen scraping’, which makes it possible for third parties to access bank account data and automate actions on behalf of a consumer using that consumer’s online banking access credentials.
11/26/2020
KCB Group CEO and MD Joshua Oigara said the deal will support the bank’s business growth in the post COVID-19 macroeconomic recovery.
11/25/2020
South Africa’s top retail unit trust over the past year was the IP Global Momentum Equity Fund.
11/25/2020
Nigerian Minister for Finance, Budget and Planning, Zainab Ahmed on 21st May gave an indication of what is currently manifesting in her report to the National Economic Committee (NEC).
11/25/2020
The account also allows entrepreneurs to generate a VAT report to assist them in filing returns to the South African Revenue Service.
11/25/2020
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.
11/25/2020
This sought-after service is particularly in demand at month-end, during long weekends, school breaks and holiday periods.
11/24/2020
COVID-19 has challenged the normal operations for many SMEs in Kenya and across Africa
11/24/2020
Operating expenses expanded by 11 percent to N196.279 billion during the period under review, up from N176.941 billion filed in 2019.
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