Managers of Wealth Africa

Barclays Africa says rest of continent will continue to outperform SA

It expects its credit loss ratio to increase, with arrears on the rise, reflecting the pressure on consumers as economic growth in SA slows.

Nigeria’s First Bank reports 82% drop in profits

First Bank is the most heavily exposed, with 47 percent of its loan book comprised of oil and gas debt, according to Lagos-based investment bank Afrinvest.

Nigeria: Banks Record Lower Impairment Charges As Risk Management Improves

Huge impairment charges on delinquent loans as a result of the decline in oil prices and general economic headwinds affected the profitability of the many banks in 2015.

Access Bank grows 2016 Q1 profit by 42% to N19.4bn

The unaudited first quarter 2016 financial results released to the Nigerian Stock Exchange on Monday

Barclays bank profits up by 30%

Jha also said that there was also a liquidity crunch in the market as a result of currency depreciation

Ecobank-Burkina’s assets amount to702bn CFA francs in 2015

The collected resources are estimated at 491.8 billion CFA francs, an increase of 15% and net profits of 4.5 billion CFA francs.

Sierra Leone News: Ecobank Group Reports $104m Profit for Quarter 1 0f 2016

Comparatively, in the first quarter of 2015, profit before tax was $155 million on a revenue of $534 million.

Economic crisis: Five banks’ Profit Drop By N54bn

The annual financial statements of the banks posted on the website of the Nigerian Stock Exchange have revealed.

Nigeria: Coronation Merchant Bank Grows Profit 100 Percent

Its loan to deposit ratio, he disclosed, stood at 4.31 per cent from 0.73 per cent reflecting growth in its loan portfolio

Union Bank’s profit drops by 48% as bad loans rise by 53%

The proportion of non-performing loans to gross loans and advances shot above the industry’s peer benchmark of 5.0 per cent to 6.67 per cent in 2015 as against 5.03 per cent in 2014. Union Bank’s non-performing loans had risen by 53.2 per cent

Barclays again warns on investment bank results

Trading update states profits from investment arm will not be as high as previous year as bank seeks permission to sell off African operations

Gulf African Bank profits up by 81 percent

Gulf African Bank has posted a profit after tax of Sh729 million for the financial year ended December 31, 2015.

Stanbic profit up 15pc

The group’s non-interest income marginally decreased to $45,2 million from $45,8 million prior comparable period.

Fidelity Bank declares profits, dividends

The bank has declared a dividend of 16 kobo per share and fixed payment date for May 5, after the AGM.

Kenya's National Bank warns of profit decline after top execs sent on leave

The central bank said on Tuesday it welcomed the board of National Bank's actions to strengthen the bank while ensuring its operations continued smoothly.

Capitec’s headline earnings surge ahead

Capitec Bank reported a surge in headline earnings by 25.78 percent to R3.2 billion on the back of its highest annual client growth experienced in its history in terms of active banking client numbers.

SA banks culling branches as IT spend rises

The big four banks' retail footprint is down by 10% from the recent peak, with more cuts to come as they increasingly focus on electronic channels.

Insurance firm records 22 pc premium growth as profit drops

SANLAM Life Insurance Tanzania registered a 22 per cent growth on gross written premium in 2015, its latest financial statement has shown.

Capitec Full-Year Profit Rises 26% as Client Numbers Increase

The bank declared a final dividend per share of 6.80 rand a share.

Morocco's BMCE Bank says 2015 net profit up 1 percent

Total bad loans rose to 7.3 billion dirhams from 6.9 billion dirham at the end of 2014, data from the bank showed.

ESG