09/18/2020
A report by PwC, covering results at Standard Bank Group Ltd., FirstRand Ltd., Absa Group Ltd. and Nedbank Group Ltd., estimates their charges soared by a combined 130% in the first half of 2020 from a year earlier, while profits before provisions grew 4.
09/18/2020
Nigeria’s first non-interest bank has moved from being a regional bank to a national bank.
09/18/2020
At present six banks in Ghana have initiated services to allow the public pay for goods and services through the Universal GH QR code.
09/18/2020
The bank encourages a cashless system as Covid-19 remains a global problem
09/18/2020
Against the difficult operating environment, the challenge for Nigerian banks today is how to deliver sustainable earnings growth.
09/18/2020
Nigeria’s biggest lender by market value said last week it will transition to a holding company next year to allow d
09/17/2020
This will further dent the banking sector profitability that has already been hit by higher provisioning for bad loans.
09/17/2020
It’s partnering with Leadway Assurance Co. Ltd. to boost sales of insurance products.
09/17/2020
Kenya has too many banks relative to size of the population, meaning more consolidation is inevitable following at least five takeovers over the past year, Solanke said.
09/17/2020
The bank also won the regional award forBest Trade Finance Services.
09/16/2020
The higher provisions are set to subdue the sector’s profitability this year on account of the tough business environment.
09/16/2020
At CBG, our brand promise is ‘We Stand With You’ and this is evident in the work of Daniel, hence this award
09/16/2020
The Forbes Best of Africa Award is for business personalities with a record of creating and building great global businesses that have made far-reaching contributions to the development of Africa.
09/15/2020
It will operate Guaranty Trust Bank East Africa which will house the bank’s operations in Kenya, Rwanda, Uganda and Tanzania.
09/14/2020
profits earned in the first half of the year.
09/14/2020
It would also allow Zenith Bank to on-lend to eligible sub-borrowers involved in the manufacture and supply of medical resources needed to combat the COVID-19 pandemic.
09/11/2020
The COVID-19 pandemic did not have any impact on how much the bank workers earned.
09/11/2020
FirstRand says coronavirus has devastated econoomy Porfits drop 38%, mainly due to $915 mln bad debt provision says crisis will weigh on profits
09/11/2020
The data below covers group and South African data, as indicated, taken from each respective bank’s latest full year financial results.
09/11/2020
CIB’s involvement in the successful conclusion of the AFC ‘Kimchi’ Syndication transaction also saw it nominated for Deal of the Year in the Debt Finance award category, the company stated.