01/05/2021
The Global Banking and Finance Review Awards recognise companies from all over the world and of all sizes, which demonstrate global excellence in innovation, strategy and progressive and inspirational changes within the global financial community.
01/05/2021
The Board and management remain confident in DTB’s long-term strategy that should result in improved future performance
01/04/2021
The CBK announced the suspension of CRB listing for loans that were defaulted after April 1,
01/04/2021
As a leading bank serving millions of customers across the MENAT region, Emirates NBD has undertaken a comprehensive and proactive plan to protect the financial security and economic well-being of its people, customers and the community.
01/03/2021
The combined outfit will become Equity Banque Commercial du Congo (Equity BCDC) and comes after the lender completed the acquisition of 66.53 percent stake in BCDC last August for $95 million (Sh10.37 billion).
12/31/2020
The growth was attributed majorly to the deployment of technology as well as banks’ aggressive marketing of their alternative banking channels.
12/30/2020
Mwalimu Sacco announces full acquisition of Spire Bank GRACE MATHEKADECEMBER 29, 2020 1 MIN READ 0 SHARES 00 Mwalimu National SACCO has announced its full acquisition of Spire Bank from businessman Naushad Merali of Sameer Group, for an undisclosed amo
12/29/2020
CBA Rwanda, the only loss-making subsidiary in Rwanda, reported a loss of Ksh187.77 million ($1.7 million) compared with Ksh291.42 million ($2.64 million) reported in 2018.
12/29/2020
Mwangi said BCDC brings to the Group 112 years of corporate banking experience and will be instrumental in strengthening Equity’s supreme banking experience.
12/29/2020
"The banks intend to allocate more resources on monitoring and recovery of loans as well as use of external parties in the recovery process," it added.
12/29/2020
His lawyer Yussuf Bashir argued that there was no justification for closing his account as he was not among the entities listed in the US Department of Treasury’s Office of Foreign Assets Control Sanctions list.
12/29/2020
For the financial year 2019, Absa Bank Kenya reported a normalized Sh8.5 billion profit after tax on the back of higher operating income.
12/29/2020
The performance of Tanzania subsidiaries was attributed to low business due to competition in a market dominated by established local players.
12/28/2020
Co-operative Bank on other hand reported a marginal 0.2 per cent reduction in profit after tax to Sh3.58 billion down from the Sh3.59 billion posted the previous year.
12/28/2020
A breakout growth in earnings for Access Bank in the third quarter powered a 55 percent advance in prot quarter-on-quarter — the bank’s best quarterly record by the end of September 2020
12/28/2020
Nefarious activity targeting bank accounts seems to increase over the festive season.
12/28/2020
The Group has banking subsidiaries in Kenya, Rwanda, Uganda, South Sudan, Tanzania, and DRC and a representative office in Ethiopia.
12/27/2020
The outcomes of the meeting will underpin the development of a business model and infrastructure for a low-cost retail digital payment scheme for MSMEs within COMESA region.
12/27/2020
“Equity banking subsidiaries will now be in a position to leverage the Group’s strength to extend large corporate loans across all the countries where Equity operates.”
12/24/2020
Equity will leverage the corporate banking history and experience of 112 years by BCDC to strengthen its corporate banking value proposition.