05/07/2020
Use your bank's digital platforms to unlock value during lockdown
The convenience and cost-effectiveness of digital banking are more important than ever before.
Retail Banking
05/07/2020
Egypts CIB Eyes Further Expansion in East Africa After Kenya Acquisition
Its acquisition of a 51 percent stake in the Kenyan lender, a “small bank” that mainly serves high net worth individuals and corporate customers, was approved by Kenya’s Central Bank in early April.
05/06/2020
Republic of Ireland becomes African Development Bank Group 81st shareholder
Ireland’s Strategy for Africa 2025 includes a commitment to collaborate with the critical financial institution on the continent
05/06/2020
StanChart restructures 6.4pc loans
The extensions reduce monthly instalment repayments.
05/05/2020
Union Bank grosses N42.6bn in earnings
“We have reinforced our digital platforms to continue delivering value and convenience to our customers while aligning our focus areas to where opportunities emerge during and post COVID-19.“
05/04/2020
First Bank, Polaris Bank Bounce Back
FBN Holdings’ NPLs has dropped significantly to 9.7 per cent as at December 31, 2019.
05/04/2020
Egyptian bank enters region through Kenya
The Egyptian lender focuses on individuals, small and medium enterprises (SMEs), institutions and corporates.
05/04/2020
Cost optimisation, others lift Zenth Bank Q1, 2020 profits
This top line growth is an outcome of the 43 per cent expansion in non-interest income from N32.7 billion in the prior-year period to N46.6 billion in March 2020.
05/04/2020
Morocco’s Banque Populaire Announces Free Remote Services
Banque Populaire announced a set of measures and solidarity with its customers after the outbreak of COVID-19 in Morocco.
05/04/2020
Uncertainty over alleged Access Bank’s bid to sack workers, close branches
This comes barely one year after Access acquired Diamond Bank in a $235million deal that reputedly created Africa’s largest bank by customers.
05/01/2020
Nigeria’s Access Bank to Cut Staff Salaries to Avoid Job Losses
Nigerian banks are facing the threat of rising bad-debt levels as a crash in oil prices and the risk of a naira devaluation coincide with the Covid-19 pandemic that has shuttered businesses.
05/01/2020
Shareholders Commend Access Bank’s 2019 Performance At AGM
On her part, Mrs Bakare said unlike some of its competitors, Access Bank has recorded an increased profit in the past three years, noting that shareholders have confidence in the board and management to continue to deliver improved performance, going forw
05/01/2020
1.6m jobs set to be lost this year, Nedbank forecasts
While it took GDP growth approximately a year to reach its pre-crisis peak after the global recession, employment reached its pre-crisis peak four-and-a-half years later.
05/01/2020
Zenith Bank’s Profit Before Tax Rises by 3%
The increased profits benefited from the twin effects of continuing top-line growth and focused cost-of-funds optimisation.
05/01/2020
Polaris Bank, Strong in Performance Indicators
The Nigeria’s economy has been going through a spell of challenges in recent years.
04/30/2020
Zenith Bank’s Gross Earnings Rise to N166.8bn in Q1
Profit before tax also improved by three per cent from N57.3 billion in Q1 2019 to N58.8 billion in Q1 2020.
04/30/2020
Union Bank releases Q1 2020 result, records 14% profit increase
The report showed relative improvements across key financial indicators. As always, the summary is presented below.
04/29/2020
UBA reports N30.1bn profit in Q1
The lender’s profit before tax for the Q1 period under review stood at N32.7 billion.
04/27/2020
Peter Kenneth Sells Bank to Ksh2.5 Trillion Egyptian Firm
MBL is categorised as a small bank with 0.17 per cent market share as of February 2020, however, targeting high net worth persons and corporate institutions.
04/27/2020
Egypt lender buys Mayfair Bank stake
The approval by the CBK will pave the way for commencement of operations as Mayfair CIB Bank Limited.