12/08/2015
African Bank's loss narrows, "good bank" launch set for April
Abil de-listed from the Johannesburg Stock Exchange last year.
ESG
11/30/2015
Kenya: Standard Chartered Bank Issues Profit Warning for Year 2015
The bank attributes the drop in net earnings to rise in Non Performing Loans
11/30/2015
Nigerian banks record 10% assets growth despite distress alarm
Loan & advances to customers and customers’ deposits; two major influences of a banks’ total assets contributed an average of 49 per cent and 68.8 per cent in total assets of ETI respectively.
11/19/2015
Investec beats guidance despite falling rand
The rand has lost 20 per cent of its value against the British pound in the last year.
11/19/2015
South Africa's central bank raises rates, cites inflation
The bank raised lending rates by 25 basis points to 6.25 percent after increasing them the same amount in July.
11/17/2015
Chase Bank Kenya profit up 29 percent to reach Sh3.2 billion
The partnerships include a Public Private Partnership with Rabo Bank
11/15/2015
14 banks earn N2.6trn in nine months
The delay according to the bank is as a result of the commencement of the interim audit of First City Monument Bank as at 30 September, 2015, by KPMG, the bank’s auditors.
11/09/2015
AngloGold Makes Third-Quarter Loss as Metal's Price Falls 5.8%
AngloGold Ashanti Ltd. climbed the most in two months after the world’s third-biggest bullion miner said third-quarter production costs and output beat its forecasts.
11/08/2015
Banks reel under economic mess
The trend is expected to continue with the other banks that are expected to release their financial statements from now till the end of November.
11/04/2015
Old Mutual Wealth sees £2.3bn record inflows in Q3
Old Mutual UK Alpha, managed by Buxton, and UK Mid Cap have had net inflows of £0.6 billion and £0.2 billion respectively, since the start of the year.
11/03/2015
Ecobank funding costs clip Nedbank margins
It was lowered by changes in its asset mix, larger holdings of high-quality liquid assets, and higher funding costs, especially relating to its acquisition of a significant stake in Ecobank Transnational
11/02/2015
Old Mutual unveils new CEO, says Nedbank posts increase in Q3 profit
UK insurer Old Mutual said Nedbank Group, its majority-owned South African banking subsidiary, posted an increase in net interest income for the first three quarters of the year.
11/01/2015
KCB Group’s Nine Months Pre-Tax Profit up 10 percent to KShs. 19.4 Billion as Bank Opens a Representative Office in Ethiopia
The Bank hopes to use its presence in Ethiopia to facilitate trade between Ethiopia and other East African countries
11/01/2015
Fidelity Bank gross earnings grow to N106.6b in Q3
Profit after Tax went up by 1.8 percent to N11.4 billion as against N11.2 billion made in the comparable period of last year.
10/30/2015
KCB nine months pre-tax profit up 10pc
The new strategy adopted for the International Business is gaining momentum and underpins our regional expansion model
10/27/2015
Zenith Bank Posts N337bn Gross Earnings For Q3
Profit after tax went up by 16.9 per cent to N83.08 billion as against N71.04 billion made in the comparable period of last year.
10/27/2015
Africa Equity Bank Releases 3Q Financial Results
The high quality loan book, he said was maintained with a Non-Performing Loan
10/20/2015
UBA Increase Profits By 44%, Gross Earnings To N247.2Bn In Q3
The third quarter results also show Net Operating Income recorded a strong 21% growth to N167.4 billion.
10/18/2015
Slowdown in outbound M&A activity in sub-Saharan Africa
This is according to Thompson Reuters latest quarterly investment banking analysis for the sub-Saharan region.
10/14/2015
South Africans part of the top 1% well-heeled While worldwide inequality continues to grow.
And no doubt that South Africans are increasingly becoming part of the global wealth phenomenon.