Managers of Wealth Africa

IDBI Bank Q3 net flat

NPA of the bank rose to 5.94% of total advances

Commercial Bank of Africa Group eyes accelerated growth

Kenya’s largest privately owned bank, CBA Group, has listed its maiden Medium Term Note in the Nairobi Securities Exchange as it seeks accelerate its Pan-African growth agenda.

Rwandan banks' shareholders earn little from investment

For the last 20 years, the number of commercial banks in Rwanda has grown significantly, from three in 1994 to ten in 2015.

Banking sector profitability falls

Banking sector profitability in the nine months to September declined 18 percent to ,35 million from ,93 million reported in the comparable year ago period.

Atlas Mara Increases Stake in Union Bank

Atlas Mara has successfully increased its stake in Union Bank of Nigeria Plc to 29.9 per cent.

Exponential increase in assets continues in Mozambique’s banking sector

The increase comes on the heels of other double-digit growth

S.Africa's Investec posts 14 pct rise in H1 earnings as bad loans drop

South African bank Investec reported an expected 14 percent rise in first-half earnings on Thursday as it benefited from a drop in bad loans and a boost in assets under management.

Barclays Bank of Kenya posts 11 percent increase in net profit

Managing Director Jeremy Awori said the bank's focus in the coming year would be on accelerating growth.

Investec braced for rand headwinds

Investors should brace themselves for currency-induced pain when South African asset manager and specialist bank Investec releases half-year figures on Thursday 20 November.

Coronation Fund: 38% surge in profits announced

Over three days, Coronation cut its stake to less than 9 percent from 22 percent.

Peregrine Holdings achieves 43% HEPS for six months

Peregrine Holdings Ltd has continued the good performance achieved during the 2014 financial year.

KENYA: Co-Op Bank Posts A 2.5% Increase In Pretax Profit

Financial services firm, Co-operative Bank of Kenya has reported a marginal increase in its pretax profit for the first nine months of 2014.

In a period when shareholders have seen disappointing results from companies, Ecobank Transnational Incorporated has reported an increase of 31 per cent in profit after tax for the nine months ended September 30, 2014.

Family bank reports 66pc jump in pre-tax profit to Sh2 billion

Family Bank, which aims to play in the top tier space by 2016, is seeking to raise Sh3.5 billion in a rights issue

CBN’s multiple regulations slow Skye Bank’s Q3 earnings growth

The Central Bank of Nigeria (CBN) tight monetary regulations has slowed the earnings growth of Skye Bank plc, analysis of the financial shows.

15 Banks Record N424bn Net Profit In Q3 Profit

15 quoted banks on the floor of the Nigerian Stock Exchange (NSE) has recorded a total profit after tax of N424.99 billion for the third quarter that ended on September 30, 2014.

Old Mutual Wealth assets boosted by Intrinsic acquisition

OM Wealth £82.2 billion of FUM; Platform £29.5 billion

Equity Bank posts 25pc jump in 9-month pretax profit

Equity Bank Group reported a 25 per cent jump in pretax profits for the first nine months of the year, citing growth in non-interest income and a drop in provisions for bad debts.

African banking operations may boost full-year earnings for Barclays

The UK parent group said Barclays Africa Group showed improvement in bad debts in the South African home loan book and good loan growth in corporate and investment banking.

Stanbic IBTC Pension Managers crosses N1trn in asset under management

Sogunle explained that private sector organisations with 3 employees or more are expected to register under the scheme.

ESG