05/01/2020
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
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
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
The increased profits benefited from the twin effects of continuing top-line growth and focused cost-of-funds optimisation.
05/01/2020
The Nigeria’s economy has been going through a spell of challenges in recent years.
04/30/2020
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
The report showed relative improvements across key financial indicators. As always, the summary is presented below.
04/29/2020
The lender’s profit before tax for the Q1 period under review stood at N32.7 billion.
04/27/2020
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
The approval by the CBK will pave the way for commencement of operations as Mayfair CIB Bank Limited.
04/26/2020
The acquisition is expected to diversify and strengthen the resilience of the Kenyan banking sector.
04/26/2020
Manokore said the program also empowers importers with insight and control of the entire importing and logistics process.
04/24/2020
EFG said banks will therefore spend less money (charged on profit) on providing for bad loans which will support their bottom line in a difficult year.
04/23/2020
This was followed by a total overhaul to the 2016 laws, handing power back to banks to price loans as opposed to limiting margins to a maximum of four percent above CBR.
04/22/2020
Nedbank said it is also committed to helping all clients who are in good standing on a case-by-case basis.
04/22/2020
The group closed 91 branches over the year, to 1,114 branches by its end – while the number of Standard Bank ATMs also declined by 254, to 8,970 across all operations.
04/22/2020
Policy makers have cut interest rates by 225 basis points this year to mitigate a recession, while Standard Bank and its peers agreed to lower fees and help customers caught in the virus fallout.
04/21/2020
Interestingly, use of prepaid cards rose considerably by Sh7 billion
04/21/2020
"We could never have anticipated the massive extent of the response to this offer of financial help," said managing executive of Nedbank Retail and Business Banking, Ciko Thomas.
04/19/2020
Absa Kenya forex trading income grew 11 percent to Sh3.64 billion in 2019.