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.
04/17/2020
Absa last week said it cancelled the suspect deals after CBK raised the alarm.
04/17/2020
One such line item is statutory loan loss reserves, which, in simple terms, is some kind of a prudential warehouse.
04/16/2020
Under the #RealHelp initiative, First National Bank Ghana Limited is offering at least a 2% interest rate cut on loans to all existing customers from 01 April 2020 for the tenor of all Ghana-cedi denominated loan facilities.
04/15/2020
The relief, which is being determined on a case-by-case basis, applies to personal loans, mortgages, asset finance, credit cards and business loans.
04/15/2020
Headline earnings were up 19% to R6.28 billion.
04/15/2020
Shareholders who are yet to complete the e-dividend registration process should not expect any payment.
04/14/2020
The FirstBank chief further assured its customers that the bank would ensure that transactions continue, and that the lockdown would not slow it.
04/14/2020
The South African Reserve Bank asked lenders to skip dividends for 2020 earlier in April to preserve capital for lending.
04/14/2020
Matt Harcourt, who is also the CFO of Absa’s African regional operations, reveals in an interview how the South African banking giant is preparing for the virus
04/14/2020
In its annual results for the year ending 29 February 2020, Capitec said that the Covid-19 pandemic will have a massive impact on South Africa’s economy.
04/13/2020
This is a difficult question that economists have had to wrestle with and hawk-eyed observers have started peeling back the layers of an onion that has deep roots in political economy.
04/09/2020
The AccessMore mobile app does not only deliver the best combination of both mobile apps, it accommodates the unique needs of existing users, delivering the best mobile banking experience on a world class platform.
04/09/2020
The bank had also reported gross earnings of NGN 842.5 billion, which went up by 9% against the figures for the previous year.
04/08/2020
It has now secured funding from Standard Bank, selling a 40 per cent stake in the business, to fast-track its growth.
04/08/2020
Zenith Bank stated that it had clearly distinguished itself in the Nigerian financial services industry through superior service quality, unique customer experience and sound financial indices.
04/08/2020
Capitec is set to release results later in the month.