Managers of Wealth Africa

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.

ALEXBANK results as at 31st December 2015

A remarkable performance during 2015 has led the bank to achieve outstanding results crossing for the first time the One Billion Net Profit after Income Tax.

GTB: Moderate growth in the season of profit warnings

And within six weeks about six more came in with three leading banks involved.

Banque Misr achieves highest net profit in its history

The bank’s net profit reached EGP 4.2bn in FY 2014/2015, compared to EGP 2.5bn in 2013/2014, with a 66.3% growth rate after paying EGP 3.616bn in taxes

Investec Sees Operating Profit Little Changed on Rand Impact

Investec, which also has operations in Australia, makes the bulk of its operating profit in South Africa, where the rand has dropped 19 percent against the pound

GTB maintains stable earnings growth despite slowdown

While revenue growth was generally stunted in the year, operating costs grew and only exceptionally good management could still achieve any growth in profit in the year.

Moroccan bank BCP posts 14.4 pct rise in 2015 net profit

The increase was due to structural changes in the company

GHANA: Banks record losses in 2015

It posted an interest income of GH¢447.8 million in 2015 compared with GH¢393.2 million the previous year.

ESG