Managers of Wealth Africa

Nigeria: UBA Delivers 21 Percent Growth in Profit, Declares Interim Dividend

The profit for the first half of the year, translated to an annualised return on average equity of 21.7 per cent.

Ecobank reduces bad loans to Sh3bn on aggressive recovery

Ecobank Kenya more than doubled its net profit for the six months booking

NBK returns to profit on higher interest income

The increase in costs was despite the Group more than halving its rental charges from Sh204 million to Sh99.7 million.

BMCE Bank of Africa wants to reinforce footprint in Africa

The implementation of such an initiative would allow BMCE Bank to strengthen the shareholder return base.

Barclays adjudged overall best bank in Ghana

We are encouraged by the results

Africa’s Biggest Bank Targets its Smallest Shops in Fintech Deal

Africa’s biggest bank by assets has invested $4 million in Nomanini, which connects informal merchants with distributors via an e-wallet, and aims to roll the service out across 14 African countries by early 2021.

KENYA: Banks profitability heading for the rocks, KBA warns

“The government will reach a point where it is able to manage its fiscal deficit and won’t significantly rely on borrowed funds,” said KBA Chief Executive Officer Habil Olaka.

State lender to take over bank mortgages

The consultant will provide numbers and money value of all eligible accounts for planning purposes,” Mr Oltetia told the Business Daily by phone.

Absa still sees value in branches

In its results, Absa attributes some of its successes to digital technologies, as it tries to reinvent itself after separating from its parent Barclays in 2017.

CBA posts flat half-year earnings at Sh2.36 billion

The bank’s volume of gross non-performing loans rose by 6.83 percent, which is the equivalent of Sh778.1 million to Sh12.16 billion during the period under review, from the Sh11.39 billion it reported last year.

Co-op Bank H1 net profit hits Sh7.5bn

The strong growth in non-funded income helped to grow the top line despite the sluggish growth in total interest income.

High rent nailed Kofi Amoah's Global Access

However, the liability was concealed as a suspense account in the books of Global Access Savings and Loans Limited

Access Bank adopts agency banking to deepen financial inclusion

Financial inclusion is something we want to champion and drive.

Co-op Bank H1 net profit hits Sh7.5bn

The strong growth in non-funded income helped to grow the top line despite the sluggish growth in total interest income.

South African Debt Relief Law ‘No Cause for Alarm’ for Investors

Retailers have provided for bad debt, BofAML analysts say

Zenith Bank rewarded for unparalleled banking excellence

Quite instructive is the fact that almost every aspect of the Bank’s functions has received some acknowledgment for its excellent service delivery.

Zenith Bank's Half Year Profits Rises

The bank also reported a decrease in its liabilities from N5.14tn to N5.08tn in the first half of the year

Prime Bank’s focus on bonds boosts profits 32pc

While interest income from loans fell from Sh2.2 billion to Sh1.9 billion, interest from government paper rose from Sh1.4 billion to Sh2.2 billion.

NIC profit flat on Sh255m merger costs

NIC Group managing director John Gachora said the merger with CBA was on course with significant progress having been made in securing the requisite approvals from various regulatory bodies in the markets they operate in.

Family Bank profit doubles on interest earnings in H1

Interest income grew 1.9 percent to Sh3.29 billion while non-interest income was up 4.5 percent to Sh1.3 billion helping the bank to post a strong performance in the half-year ending June 2019.

Retail Banking