Managers of Wealth Africa

Bad management practices affected Merbank — Majority

Overexposure and bad management practices are responsible for the dire straits in which Merchant Bank Ghana finds itself, the Majority group in Parliament has said

Advans Ghana To Expand Business Operations

Advans Ghana Savings and Loans Limited has revealed plans to expand its clientele base this year in order to strengthen its position within the financial sector.

Zenith Bank closes 2013 as most capitalised banking stock

Market operators said the emergence of Zenith Bank as the number one stock was expected given the high patronage the equity enjoyed due to its impressive financial performance that attracted international recognition.

Researchers Analyse Growth Potential in African Bank Loans

In Africa, small women-owned business owners find it easier to obtain loans than their male counterparts.

KCB Bank Rwanda Wants to Boost 2014 Profit by Lowering Bad Debts

KCB Bank Rwanda Ltd. plans to focus this year on restructuring bad debts to almost halve the default rate in line with a regulatory requirement, said George Odhiambo, the head of retail banking.

Firstbank Gets Top International Certification

First Bank, Nigeria's premier bank, said it had successfully re-certified its processes to the latest International Organisation for Standardization Information Security Management Systems.

Access Bank sells Ivorian unit to Cameroon’s Afriland

Access Bank is Nigeria’s fourth largest bank in terms of assets, according to its website. It held total assets of 1.745 trillion Nigerian naira ($10.99 billion) at the end of 2012.

Access Bank Divests From Cote d’Ivoire Subsidiary

Access Bank Plc has divested from its Cote d ’Ívoire subsidiary through a direct sale to Afriland First Group SA.

Sterilisation Continues to Hit Banks’ Profits

Nigerian banks, which in 2012 grew earnings at the fastest pace since the banking crises in 2009, saw profits dip in the third quarter of 2013

Abajue: Alternative Banking Channels Will Not Eliminate Bank Branches

Increased promotion of alternative banking channels is not intended to eliminate the brick and mortar branches

Intrepid bankers reap rewards in Africa’s newest state

That was in 2005. KCB now has 21 branches in South Sudan generating 9 per cent of the group’s 15.2 billion Kenyan shillings ($175 million) in pretax profit for the first nine months of 2013.

Guaranty Trust Bank Acquires Kenya’s Fina Bank Group

The bank’s subsidiaries in Uganda and Rwanda are also set to undergo a similar change of identity.

Guaranty Trust Bank Post Profit

GT bank nine month results through September 2013 shows an increase in gross earnings by 9 percent

Ecobank Increases Zimbabwe Footprint

Africa-focused banking group, Ecobank Transnational has open two more branches in Harare to further expansion in the Zimbabwean market.

GCB, Barclays and StanChart named banks with the worst interests on deposits

According to the figures on the Average Interest Rates published by the BoG, interests paid by some banks on deposits from customers, for the month of October this year, was as little as three percent.

UBA’s Angola Entry Frustrated as Nigeria Bank Seeks License

United Bank for Africa Plc, which operates in 19 African countries, is renewing attempts to win an Angolan banking license after its first application expired.

GHIB signs US$30m loan deal with Kenya Commercial Bank

This move is a strong endorsement of GHIB’s strategy of expanding its footprints in the African continent.

Fidelity Bank, AFD Sign US$10m Agreement

Fidelity Bank Limited has signed a 10-year US$13million credit facility agreement with PROPACO,

Ghana: UBA Welcomes BOG's Second Round of Recapitalisation

Despite local banks reservations about Bank of Ghana's second round of recapitalisation which commences next year, United Bank for Africa Ghana Limited has welcomed the new GH¢120 million minimum recapitalisation

Barclays Africa in steadfast bid to win back clients

Each will cherrypick the regions that have contributed the most performance, the macro highlights and key funds which have done well for them.

Retail Banking