03/17/2020
The banking sector remains highly concentrated with the Concentration Ratio (CR) of the six largest banks with respect to deposits and assets at 60.31 and 59.74% as at end December 2018 according to the CBN’s 2018 financial stability report.
03/17/2020
Also, the statement disclosed that FirstBank was honoured for its role in demonstrating high performance across various metrics
03/16/2020
Businessman boasts of influencing debate on Reserve Bank
03/16/2020
The bank posted growth in profitability in Tanzania, Rwanda and Burundi, but profits in South Sudan and Uganda dropped.
03/16/2020
The Kenyan lenders have intensified acquisitions to bolster their balance sheets
03/13/2020
Non-performing loans doubled from Sh32.6 billion to Sh63.3 billion after the lender inherited rogue NBK borrowers.
03/13/2020
South African bank shares are being hit by a moribund local economy.
03/12/2020
As consumers transact less and those with credit struggle to service their debt, FNB says it has to pull levers of growth elsewhere, most notably by taking market share in insurance and investments. The bank’s parent company, FirstRand, warned duri
03/12/2020
Bank of Ghana report has shown that banking industry recorded a 37.7% increase in profit, translating into GH¢3.31 billion in 2019.
03/12/2020
By 2023, Access Bank will have consolidated its position as Africa’s gateway to the world with about 100 million customers in Nigeria and additional 20 million customers across our African subsidiaries.”
03/11/2020
"We still believe that a RoE target of 18% to 20% is appropriate for our group, although we do not envisage achieving it until 2022 at the earliest, which is heavily dependent on the state of SA's economy," the lender said in a statement.
03/11/2020
But warns of a ‘material slowdown’ already underway in South Africa.
03/11/2020
But in his first results presentation to analysts since taking over, Mminele said: “It has been almost two years since we began implementing this strategy and we are now in a position to evaluate whether we are seeing the desired outcomes.”
03/11/2020
CBK approved the transaction on December 24, 2019 under Section 13 (4) of the Banking Act. The National Treasury Cabinet Secretary, National Treasury also approved acquisition under Section 9 of the Banking Act.
03/10/2020
The prominent of these challenges are the lack of credit access and the inefficacy of agencies mandated to unlock the potential of SMEs.
03/05/2020
The African diaspora are estimated to remit back home about Sh160 trillion ($160 billion) annually.
03/03/2020
The lender’s headline earnings per share - the main profit measure in South Africa - stood at 2,605 cents ($1.69), versus 2,793 cents a year earlier.
03/02/2020
Further analysis of the results showed the Bank’s asset base remained strong and diversified, growing by 33% to N6.6 trillion as at September 2019, up from N4.95 trillion as of December 31, 2018.
03/02/2020
Many Nigerian banks are looking to surge into both developing and developed markets, following the trend of customer migration into new and emerging markets.
03/02/2020
Notwithstanding the challenging business environment in Nigeria, the Bank’s Profit Before Tax was impressive at N111.3 billion