09/17/2015
Chief executive Chris Macdonald said: "This has been a year of substantive progress for the Group. We have continued to grow funds under management and increase profits whilst making considerable progress on our IT development, our distribution, impr
09/17/2015
Investec, the London and Johannesburg-listed bank, has reported strong performances across both its businesses despite the economic contraction in South Africa, although the nation's weakened currency will hit its earnings.
09/17/2015
Standard Bank’s corporate and investment banking division was the best performer, seeing a 21.9% surge in loans and advances to customers.
09/16/2015
Interest income increased by 15%
09/10/2015
FirstRand Tightens Lending as Bad-Debt Levels Rise Amid Slowdown
South Africa’s economy contracted by 1.3 percent in the second quarter with consumers battered by power shortages, higher inflation and a rising interest-rate cycle.
09/10/2015
FirstRand FY profit rises 17% buoyed by retail banking
Net income rose to R21.6 billion.
09/09/2015
The bank said it had set aside an additional 1.6 billion dirhams in provisions
09/07/2015
The pan-African financial services group, United Bank for Africa Plc, has announced its audited 2015 half-year financial results.
09/06/2015
Fortis microfinance bank taps Nigeria large market as earnings spike
Fortis Microfinance Bank (FMB) Plc has tapped into the large Nigerian market as half year earnings upsurge amid a tough operating environments crimping the growth of companies in Africa’s largest economy.
09/04/2015
Pension fund withdrawals hurt Sanlam
Sanlam yesterday announced that two major pension funds had withdrawn a total of R13 billion of their funds managed by the group as the financial services group reported disappointing interim results.
08/28/2015
It said it continued to “evaluate further acquisitions” to expand, and was still in talks to buy a substantial stake in Banque Populaire du Rwanda.
08/27/2015
Standard Bank Namibia Holdings produced a positive performance for the six months
08/23/2015
Major highlights of the account showed that gross earnings rose by 12 percent to N55 billion.
08/21/2015
Similarly, non-interest income rose 101 per cent to N69.4 billion in 2015 from N34.6 billion in 2014.
08/14/2015
It is news of direct access to relatively priced South African loans that may excite hundreds of MBCA Bank's struggling industrial customers currently enduring high interest rates in Zimbabwe of up to 30 percent.
08/07/2015
The insurer increased the interim dividend 9 percent to 2.54 rand per share.
08/06/2015
Net profit for the six months ended June 30 rose to 260 million pounds ($405.5 million) from GBP213 million the previous year, funds under management climbed 7% to GBP335.7 billion and the interim dividend rose 8% to 2.65 pence.
08/06/2015
Across the group it's been a very good first half
08/05/2015
Equity Bank’s earnings fell short of rivals Kenya Commercial Bank Group that last week reported a 13 per cent pre-tax profit to Sh13.2 billion.
08/04/2015
Earnings per share excluding one-time items rose 14 percent to 11.01 rand, beating the 10.97 rand median estimate of four analysts surveyed by Bloomberg.