07/29/2015
Diamond Bank Half year profit falls on increased operating expenses
Diamond Bank’s couldn’t tame growth in operating expenses as cost to income ratio increased to 78.30 percent in 2015 from 75.05 percent the previous year.
ESG
07/28/2015
Fitch: SA’s big banks face headwinds
Fitch also warned that the close correlation of financial institutions posed the risk of a domino effect should the sovereign rating be downgraded by one notch.
07/27/2015
Banks Increase Provisioning for Bad Loans in First Half Results
Commenting on the development, an economist and financial analyst, Dr. Abiodun Adedipe told THISDAY that the provisioning is in line with state of the Nigerian economy.
07/27/2015
Diamond Banks grows revenue to N103BN in six months
This is as reported in the bank’s unaudited half year results released to the Nigerian Stock Exchange in Lagos.
07/22/2015
Bank M Tanzania report profit before tax
Bank M Tanzania has registered an increase of more than 25 per cent in profit before tax in the first half of the current year compared to the similar period last year.
07/14/2015
Nigeria: Stanbic IBTC Records N68 Billion Half-Year Revenue
The Group maintained adequate capital to support its business in the first half of 2015
07/08/2015
UBA Succeeds with N11.5 Billion Rights Issue
United Bank for Africa Plc has successfully raised N11.5 billion from the capital market through a rights issue.
07/02/2015
Sanlam netted £10m from Intrinsic sale
Sanlam UK netted £10 million as a result of Old Mutual Wealth’s acquisition of network Intrinsic.
07/02/2015
Swaziland: Standard Bank Records Highest Profit Growth
The bank’s loan and advances also showed a 22 per cent year on year growth
06/29/2015
New African Bank set for slow rise from ashes
African Bank’s "good bank" is not expected to be profitable in the first year of operation
06/29/2015
Nigeria’s Guaranty Trust Bank profit gains as loans falter
Guaranty Trust Bank Plc, Nigeria’s largest lender by market value, said first quarter profit climbed 14.92 percent after loans and advances faltered
06/26/2015
African Bank’s Lending Unit Says First-Half Losses Narrowed
The lending unit of African Bank Investments Ltd., which failed in August, said losses for the six months ended March narrowed from a year earlier as efforts to re-establish a viable company continue.
06/26/2015
NBK says assets growing at 33 per cent, clears air on Chief Finance Officer
National Bank of Kenya said on Thursday its assets are growing at a rate of 33 per cent, and profits at 45 per cent- which is faster than the target set by the strategy responsible for its ongoing transformation to get the bank into the Tier1 bank club by
06/23/2015
Stock Tripling Shows Why New FirstRand CEO Won’t Change Tack
FirstRand Ltd. stock has more than tripled in five years, outpacing competitors among South Africa’s largest banks
06/23/2015
Shareholders of pan African bank laud the Group's strong performance
Ecobank shareholders have hailed the bank’s performance for the year ended 31 December 2014, which saw rake in of USD24.2bn in total assets and USD2.7bn in total equity.
06/15/2015
Afreximbank announces $5bn asset growth
The outgoing President of the the African Export-Import Bank (Afreximbank) , Mr. Jean-Louis Ekra, says that the total assets of the Bank grew more than 10-fold from about half a billion dollars in 2004 to over $5 billion in 2014
06/12/2015
Peregrine dividend hike cherry on top
The specialist financial services conglomerate Peregrine Holdings have topped what has been a sterling financial year with a 50% hike in dividends and a strong pipeline of potential acquisitions
06/11/2015
Bailed-out African Bank warns of more losses
African Bank said it lost 9.3 billion rand in the year ended September 2014
06/11/2015
ICIEC export credit and investment insurance surges 29 per cent
The Islamic Corporation for the Insurance of Investment and Export Credit, a member of the Islamic Development Bank, facilitated $4.3 billion of exports and investments for its member countries
06/09/2015
Alexander Forbes retail card lifts profit
Analysts said the results were "according to expectations" and "solid", but that Alexander Forbes traded at a high valuation.