Managers of Wealth Africa

Access Bank Mulls New Corporate Identity

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.

Promoting seamless banking

The bank has remained strong, maintaing a healthy capital base and cofidence of its customers.

BoG should have been more strategic in banking sector clean-up - Lecturer

The regulators created Consolidated Bank Ghana (CBG) to take over their assets

First Bank Recapitalises Subsidiary in Ghana With Fresh $72.5m

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.

Consolidated adds bancassurance to improve earnings

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.

Private equity firms AfricInvest, Catalyst invest in Kenya's Prime Bank

Prime Bank, which was founded in 1992 by local investors, controls just under 2 percent of the total banking assets in the sector.

Sh3.5bn Consolidated Bank investor to become top owner

The conversion will see the shareholder dilute the Treasury’s stake, which currently stands at 85.8 per cent.

Absa faces tough task to claw back market share

It also plans to reward longstanding clients with better offers and will cross-sell products between business segments to drive growth.

Nigerian Merger Will Create Africa's Biggest Bank

Nigerian bank merger will create an entity serving 29 million customers across three continents.

FirstBank Reinforces Financial Inclusion With New Market Activations

Over a period of 18 months, First Bank of Nigeria’s FirstmonieAgent Network has expanded to almost every Local Government Area in Nigeria

Diamond makes mobile banking easier with new app

The new features allow our app users do more to suit their lifestyles.

Legacy changes name to FCMB Pensions Limited

There has been a comprehensive integration of the pensions business into FCMB Group, which is known for its culture of excellence, resilience and customer focus.

Investors not convinced by Absa’s recovery plan

Sceptics can’t see how it will be able to grow faster than the sector.

Banks frustrating growth of e-payments, say customers

There is also Card Maintenance Fee and VAT, among others. But these are still not the worries for customers.

First National Bank likely to take over GHL Bank

First National Bank recently announced that it had met the new minimum capital requirement of ¢400 million, following some capital injection from its parent bank in South Africa.

Pre-Merger Conditionalities: Diamond Bank effects Board reconstitution

Other condition necessary for the consummation of the Merger include a court ordered meeting of shareholders of the bank

Kenya considers fresh options to revive National Bank as plans for riskier loan falter

The loan proposal has been in the pipeline since 2016.

Nedbank ‘to reverse’odd-lot share acquisition

He questioned why he had to fill in forms to confirm he wanted to retain ownership of his Nedbank shares when these shares belonged to him and wanted Nedbank to “reverse this illegal sale”.

Standard Bank manager accused of collusion in bitter liquidation dispute

Dunn stated that Gouws’s actions showed that he was grossly incompetent and/or grossly negligent or constitute corruption.

Government requires Commercial Bank to achieve a XAF2.6-billion result in 2020 to open capital to private investors

Expected profit is XAF1.803 billion for 2018, XAF2.110 billion in 2019 and XAF2.603 billion in 2020.

Retail Banking