09/13/2018
Bahraini lender eyes piece of Kenya’s Islamic banking
The lender will be following in the footsteps of fellow Middle Eastern banker, Dubai Islamic Bank.
09/12/2018
Sacked Consolidated Bank staff to be engaged in ‘alternative uses’
He urged workers affected by the retrenchment exercise to take advantage of the bank's decision to consider them for re-engagement
09/10/2018
SA's big 4 banks rake in profits despite subdued economy
The study further found that during the period under review, combined return on equity (ROE) grew by 15 basis points to 18.8 percent.
09/10/2018
Sterling Bank targets making 50 firms competitive
Pat Utomi, a professor of Political Economy and a management expert, said human capital and entrepreneurship are very important to development and what is holding all these together is a frame of values, which is culture and which also shapes human progre
09/07/2018
He further indicated that the bank intends to do a nationwide employee assessment of all their employees across the regions to determine the number of workers they may want to keep.
09/07/2018
Contrast that to what is happening in Africa’s most industrialized economy, which shrank an annualized 2.6 percent in the first quarter and 0.7 percent in the second to tip into its first recession in nine years.
09/06/2018
"Despite a very challenging macroeconomic environment, especially in the first half of the financial year, FirstRand’s portfolio of businesses once again produced quality topline growth and a superior return on equity," CEO Alan Pullinger
09/04/2018
NIC targets to increase digital payment penetration by educating masses
09/03/2018
Old Mutual Ltd. is making a push into banking low-income earners in South Africa, setting itself on a collision course with Capitec Bank Holdings Ltd., the nation’s biggest provider of unsecured loans.
08/31/2018
UBA also reported growth in operating income at N168.5 billion, compared to N161.8 billion in the first half of 2017, an increase of 4.1%.
08/30/2018
The prolonged civil wars that have led to political instability and insecurity have discouraged ease of doing business in South Sudan
08/28/2018
The lay off was part of the business rationalisation programme of the new bank
08/27/2018
Barclays Bank of Zimbabwe, in operation here for 106 years, is known for its conservative approach to lending, and at 2 percent, the bank’s ratio of bad loans ranks among the lowest in the financial industry.
08/27/2018
Bank of Baroda selling its subsidiaries in Ghana, and Trinidad and Tobago, is seen as part of a strategy to rationalize international operations
08/24/2018
Despite the significant improvement in the bank’s net banking income, its operating profit remained negative (€-403 thousand) due to the surge in general operating expenses which rose from €165 thousand in 2016 to €1.57 million at the
08/21/2018
CBK and Kenya Deposit Insurance Corporation would continue to pursue Chase Bank’s other assets to continue compensating depositors
08/20/2018
Depositors and other stakeholders, who were affected by the collapse of the banks, are keen to understand which deliberate regulatory lapse contributed to their suffering.
08/17/2018
The dividend of R4.30 cents per ordinary share is up from the R4 per ordinary share paid in the first half 2017.
08/17/2018
KCB said continued shift of business away from banking halls had increased non-branch transaction to 87 per cent compared to 13 per cent handled at branches.
08/17/2018
Interest income grew by 10% to Kshs.25.4 billion up from Kshs.23 billion driven by investment in government securities that grew by 37% and loans and advances growth of 4%.