01/18/2019
The aggregate loan book of Nigeria’s banking system is concentrated in two key sectors – services (37%) and oil and gas (23%), together accounting for 60 per cent of the sector’s loan book, though varying across banks, the report stated.
01/18/2019
Access Bank spokesman Amaechi Okobi said he couldn’t immediately comment when contacted by phone.
01/17/2019
"Hands off the Reserve Bank" - says Ramaphosa ahead of the repo rate announcement.
01/17/2019
Kganyago said it was necessary to act then, as delaying the adjustment in interest rates could cause inflation expectations to become entrenched at higher levels.
01/16/2019
It offers short- and medium-term forecasts on the main socio-economic factors such as jobs, while at the same time examining the challenges and progress.
01/16/2019
Tanzania’s financial services sector is dominated by lenders such as CRDB Bank and NMB Bank.
01/16/2019
The driver was a 70.5% q/q surge in merchandise imports, which was explained by the National Bureau of Statistics
01/15/2019
The lenders are of most importance during economic downturns, given that the core of banking is risk management.
01/15/2019
This bank was near bankruptcy after just four years of operation when the government decision came out
01/14/2019
Late last year, Diamond Bank, a tier-1 one lender and Access Bank, a tier-2 financial institution, confirmed that they were coming together to become one.
01/14/2019
The bank has remained strong, maintaing a healthy capital base and cofidence of its customers.
01/14/2019
The regulators created Consolidated Bank Ghana (CBG) to take over their assets
01/14/2019
This required the banks to seek for funds or merge together to meet the new capital base before the December 31, 2018 deadline and First Bank Ghana Limited, a member of the FBN Holdings Plc, met the deadline in order to continue to operate in Ghana.
01/10/2019
Insurance penetration in Kenya remains low but Mr Kiyai reckons that with some loan products requiring insurance of the collateral, banks are poised to win clients.
01/09/2019
Prime Bank, which was founded in 1992 by local investors, controls just under 2 percent of the total banking assets in the sector.
01/07/2019
The conversion will see the shareholder dilute the Treasury’s stake, which currently stands at 85.8 per cent.
01/04/2019
It also plans to reward longstanding clients with better offers and will cross-sell products between business segments to drive growth.
01/04/2019
Nigerian bank merger will create an entity serving 29 million customers across three continents.
01/04/2019
Over a period of 18 months, First Bank of Nigeria’s FirstmonieAgent Network has expanded to almost every Local Government Area in Nigeria
01/03/2019
The new features allow our app users do more to suit their lifestyles.