05/19/2016
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.
05/19/2016
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
05/16/2016
A breakdown of the earnings showed that the MD/CEO of Union Bank plc, received the highest salary of N208 million in 2015
05/13/2016
Net interest income increased 30% mainly as a result of growth in interest earning assets
05/10/2016
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.
05/09/2016
CEO under pressure to deliver better returns
05/05/2016
Performance was “in line with management’s expectations for the first three months of the year,” Mike Brown, chief executive officer of Nedbank.
05/03/2016
The report shows that the figure was against the N36.4 billion recorded in the comparative period of 2015.
04/29/2016
The lower bottom line was affected by high net impairment loss on financial assets
04/28/2016
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.
04/28/2016
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.
04/28/2016
It expects its credit loss ratio to increase, with arrears on the rise, reflecting the pressure on consumers as economic growth in SA slows.
04/27/2016
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.
04/27/2016
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.
04/26/2016
The unaudited first quarter 2016 financial results released to the Nigerian Stock Exchange on Monday
04/21/2016
Jha also said that there was also a liquidity crunch in the market as a result of currency depreciation
04/21/2016
The collected resources are estimated at 491.8 billion CFA francs, an increase of 15% and net profits of 4.5 billion CFA francs.
04/19/2016
Comparatively, in the first quarter of 2015, profit before tax was $155 million on a revenue of $534 million.
04/18/2016
The annual financial statements of the banks posted on the website of the Nigerian Stock Exchange have revealed.
04/12/2016
Its loan to deposit ratio, he disclosed, stood at 4.31 per cent from 0.73 per cent reflecting growth in its loan portfolio