09/19/2018
New Silk Road Finance Awards 2018 Middle East & Africa
Agricultural Bank of China
Retail Banking
09/18/2018
Sasfin’s impairment charges double
Group CEO Michael Sassoon suspects fraud by borrowers is partly responsible as company headline earnings plummet 37%
09/18/2018
African Development Bank: The status quo must change.” - Adesina tells FinDev Canada conference in Montreal
Launched six months ago, FinDev’s mandate is to support the growth and sustainability of businesses in developing markets
09/18/2018
AfDB, Mauritius Commercial Bank launch African Domestic Bond Fund
“The fund listing on the Stock Exchange of Mauritius brings to investors the opportunity to access African government bonds conveniently,” he added.
09/17/2018
Omnibank And Sahel Sahara Bank To Merge
By this arrangement, the banks have since signed a Heads of Terms (“Memorandum of Understanding”) to govern their intention to merge and commenced the process to meet all requirements for final BOG approval.
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
Consolidated Bank to close down 98 branches
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
FirstRand Defies South African Recession Woes as Retail Bank Shines
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
FirstRand earnings up 12% in year to June
"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 Eyes Zanzibar, Dodoma for New Branches in Expansion Drive
NIC targets to increase digital payment penetration by educating masses
09/03/2018
Old Mutual accelerates push into South African retail banking
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
Tony Elumelu's pan-African bank, UBA, recorded N43.8 billion profit in 6 months
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
Commercial banks scale down operations in South Sudan as market shrinks
The prolonged civil wars that have led to political instability and insecurity have discouraged ease of doing business in South Sudan
08/28/2018
Consolidated Bank offloads 1,700 workers
The lay off was part of the business rationalisation programme of the new bank
08/27/2018
Barclays to mobilise more offshore funds
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 looks to sell subsidiaries in Ghana, Trinidad and Tobago
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
Tunisia: TFB announces net loss of €410 thousand in 2017
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