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
The rand has lost 20 per cent of its value against the British pound in the last year.
11/19/2015
The bank raised lending rates by 25 basis points to 6.25 percent after increasing them the same amount in July.
11/17/2015
The partnerships include a Public Private Partnership with Rabo Bank
11/15/2015
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 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
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 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
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
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
The Bank hopes to use its presence in Ethiopia to facilitate trade between Ethiopia and other East African countries
11/01/2015
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
The new strategy adopted for the International Business is gaining momentum and underpins our regional expansion model
10/27/2015
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
The high quality loan book, he said was maintained with a Non-Performing Loan
10/20/2015
The third quarter results also show Net Operating Income recorded a strong 21% growth to N167.4 billion.
10/18/2015
This is according to Thompson Reuters latest quarterly investment banking analysis for the sub-Saharan region.
10/14/2015
And no doubt that South Africans are increasingly becoming part of the global wealth phenomenon.
10/08/2015
PwC performed really well with revenue growth of 10% putting us over the $35bn mark for the first time
10/08/2015
Banks are readily lending to government and multinational firms, but neglecting the retail and small-business sectors.