Managers of Wealth Africa

Nigeria: Diamond Bank Grows Assets By 27 Percent

Diamond Bank Plc has reported a growth in key financial parameters for the year ended December 31, 2014.

Zimbabwe: Stanbic Bank's Profit Jumps

Stanbic Bank Zimbabwe saw its profit jump by nearly $3 million to $20,7 million for the year ended December 31 2014 from the prior year

Banks interest rates in Kenya hit new low

Lending charges in Kenya have dropped to a new low as commercial banks bring them down, albeit slowly, following the implementation of a loan-pricing formula by the regulator over a year ago.

ZANACO records profit

Mr Dick said the bank’s customer acquisition increased to over 850,000 in 2014 from 720,000 in 2013.

Ecobank attributes 2014 record profits to prudent funds management

Ecobank, this record performance has become the biggest in the country in terms of assets, deposits, and loans advances.

Standard Bank's Zimbabwe unit's 2014 profit up 13 percent

Standard Bank's Zimbabwe unit reported on Tuesday a 13 percent jump in 2014 profit to $20.7 million

Ecobank Ghana posts impressive 2014 results

Ecobank Ghana appears to have posted the highest profit in the banking industry so far

Ecobank profit before tax up 38pct in FY14

Ecobank Zimbabwe reported a 38 percent growth before tax to $3,3 million for the full-year ended 31 December 2014

StanChart records first ever $100m net profit in Kenya

The bank said aside from cost effective strategies like shrinking its loan books by Sh7 billion, it also sold a few of its properties to maintain its position as the country’s third most profitable bank.

UBA’S loan book crosses the N1trn mark

This is the first time the bank is crossing the N1 trillion mark in its loan book.

Zenith Bank gets approval to pay N54.9bn dividend

He said the result signified “another excellent performance” and showed the durability and resilience of the Zenith Bank brand.

Wema Bank’s profit rises by 59 per cent in 2014

Wema Bank Plc has declared profit before tax of N3.1 billion, for the year ended December 31, 2014, representing 59 per cent increase

Nigeria's UBA 2014 pretax profit up marginally

Nigeria's United Bank for Africa said on Thursday its 2014 pretax profit rose marginally by 0.26 percent to 56.20 billion naira ($282 million) compared with a year ago

South African Property delivered a total return of 12.9 percent in 2014

At a property segment level, the top performer for 2014 was small regional centres at 16.2%

Diamond's Atlas Mara assessing more deals after first-year loss

Atlas Mara was co-founded by Diamond and Africa-based entrepreneur Ashish Thakkar in 2013

FCMB records N23.9 billion PBT

The results for the full-year 2014 reflect solid momentum in FCMB Group Plc’s profitability, enabled by harnessing the synergies between its corporate and investment banking entities, as well as the successful execution of its retail strategy.

Capitec focused on lower risk customers to boost profits

Capitec is granting higher value loans to lower risk customers, as it maintains its conservative approach to unsecured lending and focuses on growing the number of transacting bank clients.

South Africa's Capitec Bank FY earnings up 27 pct on fee income

Transaction fee income was up 35 percent at 2.6 billion rand ($218 million) after the lender's active clients increased by nearly 860,000.

Tanzania: Non-Interest Income Boosts Bank of Africa Profit

The increase of net interest income leads to ballooning of gross loans and advances to deposits to 88.5 per cent

Morocco's BMCE Bank 2014 net profit rises 58 pct

Total bad loans rose to 6.9 billion dirhams from 6.3 billion dirham at the end of 2013

ESG