10/14/2020
Choppies owed banks, suppliers Sh1.2bn on exit
The Botswana owners have also committed to personally pay 72 million Botswana Pula (Sh681 million) if further Kenya debts materialise.
Retail Banking
10/14/2020
Banks assist 84% of South Africans who applied for financial assistance
Basa collects data on credit agreements between banks and their customers.
10/14/2020
Equity Bank makes to top 10 best lenders in Africa
The lender was ranked position 52 and 54 in 2018 and last year respectively
10/14/2020
PostBank Unveils Campaign To Boost Digital Banking & Safety Among Customers
COVID-19 is a global pandemic brought about by the coronavirus which has killed over 1 million people and spread to over 30 million people worldwide.
10/13/2020
Family Bank offers private schools Sh3m loan for key utilities
The financing is open to private schools registered by the Ministry of Education with at least three years in operation. The financing allows buy-off and consolidation of existing facilities.
10/12/2020
Union Bank gets $40m IFC facility to boost trade finance in Nigeria
Union Bank also explained that the facility will enable the continued flow of trade credit into the Nigerian market at a time when imports are critical, and the country’s exports can generate a much needed foreign exchange.
10/12/2020
Access Bank leads crusade against fraud, fraudsters
Thanks to online banking, paying for goods and services is much easier than ever before.
10/09/2020
Nigeria’s Ade Ayeyemi is banking on change
Either Ayeyemi is an extraordinarily good diplomat or he genuinely enjoys the company of journalists.
10/09/2020
Access Bank Partners Coronation Insurance For Bank Assurance
Wigwe emphasized the importance of risk management and governance in the business operations of Insurance companies.
10/09/2020
Land Bank asks South Africa for extra $600mn support
Land Bank is also planning an asset reduction programme, it said in a presentation to parliament this week.
10/09/2020
KCB sparks banks fight for ex-Nakumatt CEO assets
he applicant urges this court to consider whether it is necessary to sell the charged land for recovery of the money owing.
10/08/2020
CORRECTION: African Development Bank wins global award for COVID-19 bond issue
The bond issue is part of a suite of interventions the Bank has rolled out to strengthen African countries’ responses to the health and economic impacts of the COVID-19 pandemic
10/08/2020
‘They are the real MVPs’ — UBA celebrates staff for ensuring customer satisfaction
In a statement to celebrate customer service week, Uzoka said excellent service delivery is a key ingredient towards ensuring customer satisfaction.
10/08/2020
Commercial banks strong enough to redeem bonds
For investors, lower profits are the first indicator of threatened ability to make loan and bond repayments, unless solid reserves exist.
10/08/2020
South Africans can now buy R10 shares in major companies with FNB
The bank says that individuals in South Africa “will now have an opportunity to own shares from as little as R10 in some of the world’s best performing companies such as Amazon, Facebook, Apple, Microsoft, Netflix, Tesla, Coca Cola and Alphabe
10/07/2020
More than 84% of individuals and 95% of businesses received credit assistance [Partnered Content]
Companies that could count on this benefit could use the money they receive for operational expenses, such as salaries, rent and lease agreements, and contracts with suppliers.
10/07/2020
Ecobank, WAEMU’s main active bank in 2019
Within the WAEMU, Maghreb groups have more branches than local groups (42 against 37).
10/07/2020
South African digital bank hits major milestone – 5 months ahead of schedule
The group said previously that it was adding between 3,000 and 3,500 new customers daily.
10/07/2020
Capitec warns against new fraudsters scamming clients
In June the South African Banking Risk Information Centre (Sabric), on behalf of the banking industry, released its annual crime statistics for 2019, which showed that credit and debit card fraud had increased by 20.5 percent due to online transactions be
10/06/2020
Banking sector strong after reforms – Bank of Ghana
Going forward, favourable economic prospects in the near term and the gradual phase in of Basel II/III are expected to firm up gains achieved through the banking sector reforms, the report added.