Managers of Wealth Africa

Nigeria: Stanbic IBTC Records N130.6 Billion Gross Earnings

The bank's profit after tax grew by 54 per cent to N32.1 billion, as against the prior year's N20.8 billion

First Bank Group grows Q1 earnings by 24 per cent to N126.8b

FBN Holdings Plc has posted gross earnings of N126.8 billion, representing 23.5 per cent rise yearonyear, in its unaudited results for the first quarter of 2015 financial year ended March 31, against N102.6 billion of the corresponding period of

Nigeria: Zenith Bank Posts N113 Billion Turnover, N27 Billion Profit

Zenith International Bank Plc has posted a turn over N113 billion in its first quarter (Q1) operations, against N94 billion recorded in the corresponding period in 2014.

ETI Builds Up Capital, Opts for Bonus Issue

Responding to THISDAY's enquiries on why a cash dividend was not recommended, sources close to the board of the bank said it is building capital for further growth.

Nigeria: Access Bank Grosses N76.7 Billion in Q1

Also, the bank's Profit before Tax for the quarter rose by 21 percent

Sterling Bank Records N3.9bn Profit in Three Months

Meanwhile, the Nigerian equities market remained bearish for the second consecutive trading day of the week

Nigeria: Union Bank Records N135.9 Billion Gross Earnings in 2014

Profit before tax grew from 3.77 billion to N27.7 billion in 4014

Pan-African banking group Ecobank says 2014 pretax profit up 144 pct

The bank did not give a reason for the increase in earnings.

Indicators show solid growth for Barclays Africa

Barclays Africa has announced positive financial results for 2014, revealing steady growth in all sectors

Nigeria’s Stanbic IBTC Holdco Q1 pretax profit falls 46 pct

Naija247news recalls that the Central Bank of Nigeria (CBN) has released exposure draft on guidelines for licensing and regulating holding companies

Nigeria: UBA Grows Profit By 35 Percent in Q1

United Bank for Africa Plc posted a growth of 35 per cent in its unaudited first quarter results ended March 31, 2015.

Standard Bank Mozambique posts profit of US$44.5 million in 2014

With an increase of 17 percent in equity, the bank saw customer deposits expand 8 percent, to US$1.082 billion

Tanzania: Bank M Registers Robust Q1 Profit

BANK M, the corporate and investment bank, has continued to shine after posting robust first quarter pre-tax profit increase of 48.4 per cent.

Nigeria: First Bank Group Earnings Hit N481 Billion

The Group recorded a strong financial performance in 2014

FBN Holdings Posts Profit, Gives Dividend, Bonus

FBN Holdings total assets grew by 12.2 per cent from N3.9 trillion to N4.3 trillion

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.

ESG