Managers of Wealth Africa

KENYA: Stanchart first quarter net profit rises by 43%

The growth in retail banking was driven by increased uptake of mortgages and lending to small businesses.

Old Mutual and ETI strengthen partnership

Omem’s Africa footprint includes operations in 11 African countries outside SA.

Investec Annual Profit Up But Assets Under Management Slip

The Specialist Banking arm reported results ahead of the previous year, Investec said, boosted by client activity in its corporate and private banking units and good results from its investment and debt securities portfolios.

Co-op Bank falls slightly despite profit

Co-operative Bank reported quarter one 2016 earnings before the opening bell, where profit before tax accelerated 14.144% off the back of a 16.70% increase in loans and advances to customers which clocked Sh213.72 billion

Eight bank CEOs earned N903m in 2015

A breakdown of the earnings showed that the MD/CEO of Union Bank plc, received the highest salary of N208 million in 2015

Standard Bank reports strong performance

Net interest income increased 30% mainly as a result of growth in interest earning assets

First Bank Emerges Victorious in 1st Quarter Profits

FirstBank’s forex returns showed that in addition to selling US denomination to 713 customers last week, Dangote Cement Plc also purchased $5 million from the bank.

Diamond Bank loses N35.7b to bad loans

CEO under pressure to deliver better returns

Nedbank's First-Quarter Income Rises as Banking Assets Grow

Performance was “in line with management’s expectations for the first three months of the year,” Mike Brown, chief executive officer of Nedbank.

Fidelity Bank posts N34.4b gross earnings in 2016

The report shows that the figure was against the N36.4 billion recorded in the comparative period of 2015.

Diamond Bank Records 88% Fall in Profit

The lower bottom line was affected by high net impairment loss on financial assets

Barclays Bank Africa Q1 2016 profits dip

The Bank had said in March that it planned to shed its 62.3 percent interest in the business, which has proved to be a regulatory drag on the bank.

Avaloq achieves a record year

This rapid development is based on the continuous innovation of Avaloq’s software product, the Avaloq Banking Suite, as well as significant demand for BPO solutions.

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.

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