04/08/2019
The provisions for loan losses by commercial banks in the country have continued to drop, thereby raising hopes of higher returns on investments for shareholders, THISDAY has learnt.
04/02/2019
The fund seeks to contribute to the development of the private sector in North Africa by increasing access to capital for local SMEs and mid-market companies.
03/28/2019
In a recent statement the South African bank noted that the actual number of employees who will ultimately exit the employ of Standard Bank SA could be lower, as new opportunities will become available in the new operating model.
03/28/2019
Launched in 2001 as a micro-lending business, Capitec is positioning itself as a full-fledged bank with no-frills account, savings and insurance and credit card products to cut its reliance on unsecured loans, which rely solely on a customer’s promi
03/20/2019
BNY Mellon clients will have the ability to view their total ESG and UNGC scores on equities at the account level versus relevant benchmarks over time.
03/20/2019
The lender’s response to the rate cap included launching Timiza, a mobile lending app, and hiring a chief data officer.
03/15/2019
The Bank will continue this trend into the future.
03/15/2019
The Bank’s commitment on the target, the highest among all multilateral development banks, has progressed steadily from 9% in 2016 to 28% in 2017 and 32% in 2018.
03/15/2019
Speculation is rife that the restructuring might affect over 800 employees.
03/15/2019
Standard Bank’s South African unit “will implement a comprehensive exit package which significantly exceeds the requirements as set out in the Labour Relations Act”, the lender said.
03/11/2019
HEPS is the main profit measure in South Africa
03/11/2019
The lender also gained market share in deposits which grew by 11% with strong growth in fixed and notice deposits.
03/11/2019
UBA UK was formerly introduced to business leaders across Europe and Africa with a commitment from the UBA Group of its readiness to galvanise trade and commerce between Europe and Africa.
03/07/2019
The bank had delivered sustainable earnings and improved its return on equity to 18 percent, underpinned by the strength and breadth of its franchise, Standard Bank CEO Sim Tshabalala said.
03/07/2019
Attendees of the programme were elated as most of the questions on their minds with regards to the financial sector was answered by the CEO.
03/06/2019
Nedbank, which employs 31,277 people, said it increased its retail main-banked clients by 7%, giving it a market share up to 13.1%.
03/05/2019
Earnings at the bank’s South African retail operations rose 1.5 percent
03/05/2019
He advised the public to seek investment advice from experts before jumping to invest
03/04/2019
The move to acquire the portfolio comes close to four years after Barclays Africa, now Absa Group, bought a controlling stake in First Assurance for about Sh2.9 billion as the Johannesburg-based lender sought to gain a foothold in Kenya’s insurance
02/28/2019
From the platform’s notable reception in just under 12 months,