09/22/2016
Kenya central bank: cap on rates may hit commercial bank lending
Those risky borrowers who are at the margins may be cut off from borrowing.
Retail Banking
09/22/2016
Standard Chartered opens first of 10 more Lagos branches
As part of Standard Chartered’s ‘Here for Africa’ campaign, the bank is focusing on one of Africa’s biggest cities.
09/22/2016
HomeSend and the Commercial Bank of Ethiopia team on remittances
Consumers can send money to and from mobile money accounts, payment cards, bank accounts or cash outlets, regardless of their location or that of the recipient.
09/21/2016
Kenya central bank cuts main lending rate to 10.0 pct
The consensus forecast of 12 economists and analysts by Reuters was for a hold decision.
09/20/2016
Banks to close branches as recession bites hard
They are not generating enough income.
09/16/2016
Selfie banking in South Africa not far away
Nedbank said it has had demos of this technology (facial recognition) but noted that ‘it is not on our immediate roadmap’.
09/16/2016
Despite economic environment, SA’s big four banks are coining it
The banks posted combined headline earnings of R34.6 billion – up by 5.7% compared to the same period in 2015.
09/16/2016
FirstBank named Nigeria’s Most Customer Friendly Bank
These announcements were made by the Award Committee at this year’s Business Day Annual Banking Awards, which held in Lagos
09/15/2016
SA banks deliver more shareholder value than foreign peers
Consulting firms weigh in on major banks’ financial results.
09/14/2016
Harvest of Accolades for FBN Holdings at BusinessDay 2016 banking awards
It is to recognise competition and innovation in one of the fastest growing and fierce markets with fierce competition.
09/14/2016
Kenyatta banks beats rivals,lowers interest to all time low
Rival banks such as Barclays and Co-op are pricing their interest rates at 14.5%, aving dropped from the highs of 20%+.
09/13/2016
Access Bank bags best Bank award, Wigwe best CEO
It would be recalled that the Bank had earlier won Euromoney’s Best Bank Transformation Award in the Euromoney 2016 Awards for Excellence.
09/12/2016
8 banks on the verge of collapse – Bawumia
The central Bank earlier admitted the growing spate of nonperforming loans on the books of banks is the key risk facing the banking sector.
09/12/2016
UBA wins big at the annual Businessday Banking Awards
Agriculture is pivotal to economic development in Nigeria and all of Africa.
09/09/2016
Ecobank, Mastercard launch Masterpass QR in Nigeria
Users of Ecobank’s mobile banking platform will be able to safely pay for online and in-store purchases by scanning a Quick Response (QR) code displayed at checkout on their smartphones
09/09/2016
Sanlam new business volumes beat targets
Sanlam rival Liberty’s new business volumes plunged 32% to R257m during the same period, while margins fell to 1.4% from 2%.
09/08/2016
Dubai Islamic Bank kicks out Imperial bosses in buyout deal
The Islamic lender had formed a partnership with Imperial Bank, which held a 24.9 per cent stake in the Kenyan subsidiary through Downstream Investments
09/07/2016
Old Mutual Ghana Enters Into Partnership With Ghana Home Loans
He emphasized the partnership is founded on and strengthened by the fact that, both institutions share similar corporate values
09/06/2016
UBA subsidiaries contribute 30% of total deposit base in Q2
According to him, overall, the African business (excluding Nigeria) contributed a quarter of profit in the period, with a stronger outlook.
09/05/2016
Client wants NBK’s Islamic banking shut in Sh3.7bn row
Client wants the court to order the Central Bank of Kenya to shut down the lender’s Islamic Banking wing