Managers of Wealth Africa

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.

UBA posts Q3 profit of $224m

The bank’s gross earnings received a boost from interest income which rose 12.5 percent to N149bn (about $99m) during the same period.

First Bank, Union Bank, Lafarge record N120b profit in 9 months

Key extracts of the nine-month report of FBN Holdings for the period ended September 30, 2014 showed improvements in the bank’s top-line and pre-tax profit, although net profit remained suppressed by higher tax provisions.

Zenith Bank records single-digit growth in Q3 profit

Nigeria Zenith Bank plc has recorded a single-digit growth in its third quarter profits as the industry grapples with multiple regulations by the Central Bank of Nigeria that is the slowing bottom-line performance of most lenders.

UBA earnings hit N210bn in nine months

United Bank for Africa, UBA, has released its financial results for the third quarter, showing a 12 per cent growth in gross earnings rise over same period of last year.

Nigeria's FBN Holdings 9-month pre-tax profit rises 5.2 pct

Revenue also climbed to 255.72 billion naira, against 239.16 billion naira a year ago, the lender said in a filing with the Nigerrian Stock Exchange.

Access Bank’s Q3 earnings boost market confidence

According to the statements of comprehensive income, earnings per share also rose by 27 per cent to 154 kobo above the 121 kobo posted same period in 2013.

Old Mutual's Nedbank Sticks With Guidance After Strong Third Quarter

South Africa's fourth-largest lender, Nedbank, posted an 8.4 percent rise in loan income for the first three quarters of the year after writing more loans to companies, the bank said on Monday.

SA hedge fund assets up by a quarter

More than 63 percent of cash inflows were allocated to companies with hedge fund assets of more than R2bn

S.Africa's Capitec posts 21 rise in H1 earnings

Capitec Bank Holdings' first-half earnings rose by an expected 21 percent after the South African mass-market lender attracted more customers and booked higher transaction income.

South Africa's Investec sees stronger H1 earnings

Investec sold its Australian professional finance and leasing businesses for A$440 million ($393 million) to Bank of Queensland

Moroccan bank BCP first-half profit up sharply

Banque Centrale Populaire, one of Morocco's three biggest banks, said on Wednesday its half-year net profit rose by 12.7 percent to 1.1 billion dirhams on the back of a big increase in retail and investment banking income.

South Africa's Capitec expects 22 pct rise in H1 earnings

The stock dropped more than 5 percent when Moody's announced its downgrade.

South Africa's Sanlam H1 earnings jump 28 pct

South Africa's largest insurer by market value, Sanlam, posted an expected 28 percent jump in half-year earnings on Thursday as its diversification into other African markets and Asia paid of.

Nigeria Bank Declares Huge Profit In Ghana

The Bank’s loan book also grew by 16% from N899billion (about USD5.5 billion) recorded in June 2013 to N1.04 trillion (about USD6.3 billion) in June 2014

Kenya’s National Bank reports profit up 32pc

National Bank of Kenya posted a 32 percent rise in first-half pretax profit to 1.25 billion shillings, helped by a rise in net interest income.

ESG