11/05/2019
Ghana's banking sector records strong profits in August 2019
The strong profit performance was underpinned by higher growth in net interest income of 26.3 per cent in August 2019 after recording a marginal contraction in August 2018
Retail Banking
11/05/2019
GTBank releases third-quarter results
The Bank’s non-funded income rose by 52% as at September 2019 to close the third quarter at GHS 169M from GHS 111M over the same period last year.
11/05/2019
Access Bank named Nigeria’s Best Digital Bank by World Finance magazine
A number of financial institutions have been quick to capitalise on this trend and these are the organisations celebrated by World Finance’s Digital Banking Awards.
11/04/2019
12 banks post N704.75bn profit in nine months
The lenders are Access Bank, Zenith Bank, United Bank for Africa (UBA), Guaranty Trust Bank (GTbank), FBN Holdings, Ecobank Transnational Incorporated (ETI), Stanbic IBTC and Fidelity Bank.
11/04/2019
Nigeria’s biggest lender enters EA market to grow African footprint
The Nigeria Stock Exchange (NSE)-listed lender is also eyeing East Africa’s nascent oil and gas sectors, counting on it its track record in financing upstream and downstream fuel projects.
11/04/2019
Access Bank offers free one-week instant transfers
It said, “The upgrade now offers the best digitally-driven financial solutions that will make transactions simpler, faster, convenient and more secure.
11/04/2019
UBA commits to creating superior value for customers
Launches self-printing debit card machine at flag-off of Trade Fair
11/01/2019
MCB Investment Management Co. Ltd makes its mark on African Fixed Income
MCB Investment Management has been investing in pan-African local and hard currency corporate and government bonds since February 2014
10/31/2019
Union Bank’s profits increase by 3.6% in nine months
Union Bank recorded 49kobo as earnings per share as at the end of the third quarter of 2018
10/31/2019
Fidelity Bank’s Profit Rises by 20% to N21.5bn in Nine Months
“Savings deposits now accounts for about 22.3 per cent of total deposits, an attestation of our increasing market share in the retail segment,” he said
10/31/2019
Moi family-linked Transnational Bank sold to top Nigerian lender
Transnational’s ownership is associated with associates of former President Moi
10/31/2019
Nigeria’s Access Bank Plans to Open in Four African Nations
The institution plans to be present in 22 African countries, according to a presentation on its website. It currently operates in Sierra Leone, Gambia, Congo, Ghana, Nigeria, Rwanda and Congo.
10/31/2019
Why desire to go continental could break banks’ safes
Struggling retailer Choppies is also said to have bought an eight-seater jet as part of its plans to make access to their branches easier and convenient.
10/29/2019
Ecobank’s unaudited 9 months’ financial report shows 4% profit growth
The reported figure is N109.4 billion which is higher than N96.3 billion reported during the comparable period last year.
10/29/2019
Access Bank to acquire Kenya lender Transnational Bank
The Transnational Bank acquisition comes at a time when consolidation efforts in the Kenyan banking industry are gathering pace.
10/29/2019
Absa report suggests African markets improving
David Marsh, co-founder and chairman of OMFIF, said the organisation had received feedback that countries are making policy based on the previous two years of the report, in the aim of improving their overall position and attracting more investment.
10/29/2019
Big Five lose ground in banking sector
The Small Five are led by Bank Gaborone and First Capital Bank.
10/29/2019
A Nigerian Bank Which Startled Many With Surprise Acquisition Is Set To Do The Same In Kenya
Access Bank’s visionary CEO, Herbert Wigwe, has previously mentioned that the bank is pushing ahead to create Africa’s biggest retail institution and a formidable global powerhouse.
10/28/2019
FBNQUEST Merchant Bank Supports Professionalism For Women In Banking
The Association's existence has signpost innovation and pace-setting activities and programs", as well as consistently contributed "to the academic growth and development of Nigerian youths and empowerment of Women through Workshops, Semina
10/25/2019
Kenya’s NCBA Bank to boost presence in West Africa to achieve pan African dream
NCBA Bank, which is the third-largest banking institution in east Africa in terms of assets, hopes to roll out its innovative digital financial products across the African continent.