08/20/2019
DTB has proposed not to pay interim dividends as earnings from loans declined from Sh11 billon to Sh9.9 billion after it cut back lending to Sh190.7 billion from Sh198.2 billion in the first half of last year.
08/20/2019
Nedbank Zimbabwe Limited posted a profit after tax of $14,3 million for the six months to June 30, 2019 amid economic difficulties being experienced in the country.
08/20/2019
The sector’s youngest bank which completed its second full year of operations this month
08/16/2019
KCB increased loans and advances to 478.7 billion shillings as at end of June this year up from 421.5 billion shillings a year earlier, which the lender attributed to strong lending to retail and corporate customers.
08/16/2019
The bank will still be known as Barclays until the entire process is officially concluded with legal and regulatory milestones to achieve before a final announcement, he said.
08/15/2019
Standard and Nedbank have been saved by growth in Africa, but moribund SA makes them vulnerable to new players
08/15/2019
This is something we are looking at keenly to deliver a robust second half performance,” Group Chief Finance Officer Lawrence Kimathi commented Thursday during the release of results in Nairobi.
08/15/2019
The proposed Beijing office will not undertake any banking activities but will seek to provide a platform for Chinese investors who want to establish presence in Kenya, he said.
08/15/2019
Through its four branches in Nairobi, Victoria Commercial, which commenced its operations in 1987, targets small and medium-sized enterprises, reached more than 800 borrowers and around 2,300 depositors in 2018.
08/15/2019
That matched estimates by African Alliance Securities Kenya.
08/14/2019
MyWorld meets family and community banking needs
08/14/2019
Mphatso said the new service represents an extension of the partnership between TNM Mpamba and Old Mutual dating back to 2016
08/14/2019
The group reported that its largest division, Retail and Business Banking South Africa (RBB SA) was showing faster than average market growth in key product areas
08/13/2019
The improvement at its retail and business banking unit and its operations in 12 other African nations helped offset a drop in profit at its domestic corporate and investment bank.
08/13/2019
Absa’s retail banking operations account for more than 60% of its earnings.
08/12/2019
Today we contacted Mzilikazi wa Afrika, one of the authors of the article, who confirmed to us that 'Absa Nation Building' was a transaction reference by third parties, not an entity.
08/12/2019
High growth from initiatives in the rest of Africa brings joy, and hope for even more
08/12/2019
New TymeBank CEO Tauriq Keraan wants the new digital bank to diversify into personal and business lending, a market dominated by Capitec and the other big three banks. It’s a step away from TymeBank’s core transactional banking business.
08/12/2019
African-focused strategy has delivered continued headline earnings growth
08/12/2019
To this end KCB has started reopening 12 of its 23 branches that were closed during the civil war as well as opening a new branch this year.