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Sanlam yesterday announced that two major pension funds had withdrawn a total of R13 billion of their funds managed by the group as the financial services group reported disappointing interim results.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.
07/31/2015
The diversification of FCMB across commercial banking, investment banking and wealth management, provided some cushion as earnings from non-banking activities proved more resilient.
07/31/2015
The management of national airline Kenya Airways was yesterday at pains to assure investors of a turnaround in the carrier’s fortunes after announcing the biggest loss by a local firm listed in the stock market.
07/31/2015
Skye Bank's first-half pretax profit rose 47.4 percent to 10.71 billion naira, the Nigerian mid-tier lender said on Thursday.
07/31/2015
The bank reported pretax profit of 11.67 billion shillings in the first half last year.
07/30/2015
Analysts attribute the decline in profit to the stringent cash reserve requirements imposed by the Abuja based Central Bank.
07/30/2015
KCB Group’s profit before tax grew 13 per cent in the first half ending June 2015
07/30/2015
The group’s local bank, Absa, has been bleeding customers over the past three to five years, losing in the region of a million clients annually.
07/30/2015
Ecobank Transnational Inc.’s first-half profit climbed 26 percent as Africa’s most geographically diverse lender maintained its efforts to curb expenses.