09/18/2020
Jaiz Bank: First shared-profit bank in Nigeria approaches 10 years
Nigeria’s first non-interest bank has moved from being a regional bank to a national bank.
Retail Banking
09/18/2020
Ghana Adopts Contact-less Payment Solutions With QR System
At present six banks in Ghana have initiated services to allow the public pay for goods and services through the Universal GH QR code.
09/18/2020
KCB unveils contactless card payment campaign
The bank encourages a cashless system as Covid-19 remains a global problem
09/18/2020
Nigerian banks adopt new business models amid pressured earnings
Against the difficult operating environment, the challenge for Nigerian banks today is how to deliver sustainable earnings growth.
09/18/2020
Survival strategies pushing banks in Nigeria away from lending
Nigeria’s biggest lender by market value said last week it will transition to a holding company next year to allow d
09/17/2020
Banks bad loans tipped to rise as profitability suffers
This will further dent the banking sector profitability that has already been hit by higher provisioning for bad loans.
09/17/2020
Survival Strategies Pushing Banks in Nigeria Away From Lending
It’s partnering with Leadway Assurance Co. Ltd. to boost sales of insurance products.
09/17/2020
Nigerian Banks Seen Adding Fuel to Kenya’s Deal-Making Frenzy
Kenya has too many banks relative to size of the population, meaning more consolidation is inevitable following at least five takeovers over the past year, Solanke said.
09/17/2020
Absa commits to growing African trade with award-winning online platform
The bank also won the regional award forBest Trade Finance Services.
09/16/2020
COVID-19 sets the stage for accelerated bank mergers and acquisitions
The higher provisions are set to subdue the sector’s profitability this year on account of the tough business environment.
09/16/2020
CBG MD honoured at Ghana Development Awards
At CBG, our brand promise is ‘We Stand With You’ and this is evident in the work of Daniel, hence this award
09/16/2020
FirstBank CEO gets Forbes Best of Africa award
The Forbes Best of Africa Award is for business personalities with a record of creating and building great global businesses that have made far-reaching contributions to the development of Africa.
09/15/2020
GTBank’s fintech ambitions could lead to a future billion-dollar IPO
It will operate Guaranty Trust Bank East Africa which will house the bank’s operations in Kenya, Rwanda, Uganda and Tanzania.
09/14/2020
Despite COVID-19, top Nigerian Banks declare N36.7 billion dividends
profits earned in the first half of the year.
09/14/2020
Zenith Bank Secures Afreximbank’s $200m Facility
It would also allow Zenith Bank to on-lend to eligible sub-borrowers involved in the manufacture and supply of medical resources needed to combat the COVID-19 pandemic.
09/11/2020
GTBank, Access Bank, 11 others pay workers N271.64 billion in H1 2020
The COVID-19 pandemic did not have any impact on how much the bank workers earned.
09/11/2020
S.African bank FirstRand's profits drop 38% after further $915 mln provision
FirstRand says coronavirus has devastated econoomy Porfits drop 38%, mainly due to $915 mln bad debt provision says crisis will weigh on profits
09/11/2020
South Africa’s 5 biggest banks compared: earnings vs customers vs market cap vs reach
The data below covers group and South African data, as indicated, taken from each respective bank’s latest full year financial results.
09/11/2020
Nedbank CIB walks away with Energy Deal of the Year award
CIB’s involvement in the successful conclusion of the AFC ‘Kimchi’ Syndication transaction also saw it nominated for Deal of the Year in the Debt Finance award category, the company stated.
09/09/2020
Banks lose Sh19bn in six months on Covid hurdles
The value of bad loans in the banking sector rose by Sh29.95 billion between March and June alone showing the intensity of economic hardship facing borrowers due to increased layoffs and salary cuts.