01/31/2020
SA’s Nedbank invested $248mln for service digitalization in H1 2019
Digital services generated 21% of the banking group's revenues in H1 2019 compared to only 3% at the end of June 2018.
Retail Banking
01/30/2020
Wema Bank, BOA to ease pan-African trade
In keeping with the tenets of the partnership agreement, activities around corresponding banking, trade facilitation and remittances would kick-start between Wema Bank and BOA Ghana, the statement said.
01/30/2020
African Banks Faithfully Polish Their Mobile Apps But That Doesn’t Spell A Vendetta Against The Fintech Frenzy
With competition as an essential part of any economy, banking firms in Africa are giving each other a run for their money.
01/29/2020
Standard Chartered Invests More Money in Newly Rebranded Trade Finance Startup
The newly branded company will seek to capitalize on that sentiment later this year.
01/29/2020
Ecobank launches sandbox to help African fintechs develop innovative apps
The move, according to the bank, will promote its e-banking segment. It follows the appointment last year of a new Group Senior Fintech Advisor, Djiba Diallo.
01/22/2020
KPMG report: FirstBank leads retail banking space
The KPMG Nigeria has for the 13th consecutive year released the Banking Industry Customer Experience Survey
01/22/2020
Access Bank CEO releases additional N297m shares
The share price of Access Bank Plc closed at N10 on December 31
01/18/2020
Nigeria's lender Access acquires Kenya's Transnational Bank
"The acquisition is expected to strengthen the resilience of Kenya's banking sector," it said.
01/17/2020
Nigeria's Access Bank is expanding into the Republic of Cameroon
Access Bank said the proposed expansion is still awaiting both regulatory approvals in Nigeria and Cameroon.
01/16/2020
Taking retail banking business to the next level
It further stated that the continent’s overall banking market is the second-fastest-growing and second-most profitable of any global region, and a hotbed of innovation.
01/15/2020
South African consumer confidence remains near two-year low - survey
The country's medium-term budget policy has also made consumers conscious.
01/15/2020
Capitalism for everyone: The Mauritius Commercial Bank Ltd (MCB) join forces with the AFRICA CEO FORUM to rethink the role of Africa’s private sector
For two days, the AFRICA CEO FORUM 2020 will drive public-private dialogue forward by providing a platform where economic leaders and public-sector representatives can discuss key sectoral challenges
01/15/2020
Despite threats, it’s business as usual for SA banks
“Nevertheless, the banking industry takes cybersecurity very seriously and has robust risk mitigation strategies in place,” SABRIC states.
01/14/2020
Lebanon’s Bank Audi Is Said to Receive Interest in Egypt Unit
Lender may sell the unit as part of restructuring process
01/09/2020
FirstBank CEO Adeduntan gets global recognition
The Award is the School’s highest honour and recognises his significant success within the banking industry and sector while upholding the highest standards in business practice.
01/09/2020
Banking reforms: Banks deposits increased by 17.1 percent in 2019
On the other hand, deposits of non-residents, that is, those sections of the population other than persons residing in Ghana, remained small at GH¢397.7 million; though it increased from GH¢342.1 million in the year before.
01/08/2020
Sterling Bank is Nigeria’s 3rd best in retail banking – KPMG
Sterling Bank scored 72.1 percent, along with Access Bank, both trailing GTBank and Zenith Bank Plc which scored 74.2 percent and 73.4 percent to rank first and second respectively in the period under review.
01/08/2020
Absa's new boss faces tough fight to win back business
Mminele's impact remains to be seen.
01/07/2020
KCB wires new funds into National Bank
KCB earlier said it was in a position to recapitalise NBK while maintaining its dividend payout of about 50 percent of net earnings.
01/06/2020
Bloomberg reveals Africa’s leading bank bookrunner in 2019
Further details in the report showed that Afreximbank did not top the list in all the categories.