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Retail Banking

10/20/2020

API economy the next big opportunity for fintechs, banks in Africa

Even if a fintech should have the ear of a big banking client, there are the hurdles of formal agreements, running proofs of concept and addressing concerns about security and licensing.

10/19/2020

The DigitalOnly DafriBank To Revolutionize African Banking Services

With its disruptive technology DafriBank aims to push the boundaries in the African banking community to offer top-class digital banking services that will help many companies uncover the real value of their businesses.

10/16/2020

Standard Bank lending to fossil fuel industries stands at $4 billion

The bank’s climate-related financial exposures report gives the fullest picture yet of its lending to fossil fuel industries.

10/16/2020

BoA named Top Performer CSR 2020

BoA, distinguished for the 7th year in a row, improved its score compared to 2019.

10/16/2020

First Bank CEO appointed into Bretton Woods Committee

First Bank CEO has been honoured with membership of Bretton Woods Committee (BWC).

10/16/2020

Equity ranks position 7 in the list of top 10 banks in Africa

The impressive performance registered during an interest capping period was driven by a 23% growth in loan book to Ksh.366.4 billion from Ksh.297.2 billion in 2018.

10/16/2020

Capitec customers can now buy shares through its banking app

Existing EasyEquities clients can easily sign-in and link their accounts. New clients can follow the registration process and then start investing, Viviers said.

10/15/2020

Banks forecast private credit growth slowing to 6.9 percent

Large banks’ (tier one) had a loan book of Sh2.332 trillion by end of June, equivalent to 80 percent of the entire banking sector’s loan book—meaning they effectively control the formal credit market.

10/15/2020

Africa’s Biggest Bank Is Bulking Up to Fend Off Fintech Rivals

Lender to continue high IT spend to keep up with competitors

10/14/2020

Zimbabwe's debt stifling its economy

This has pushed Zimbabwe's external debt to $4.8 billion.

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.

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.

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