Managers of Wealth Africa

Nigeria's Diamond Bank Q1 profit up 6 pct to 9.24 bln naira

Gross earnings in the year to March rose to 38.24 billion naira from 33.83 billion naira in the same period last year

Diamond Bank to Raise $750m Capital

The profit after tax for the year under review grew by 29 per cent to N28.5 billion as against the N22.1 billion recorded in 2012.

Nedbank plans to expand pan-African banking network

Nedbank was looking to extend its footprint to about 10 countries in the Southern African Development Community and East Africa over the medium term as part of its strategy to build a pan-African banking network

SA banks reap African rewards

JP Morgan and Citigroup are already operating across Africa

Impressive 2013FY top line and bottom line performance validates FCMB’s growth strategy

FCMB is predominantly a wholesale corporate bank with niche plays in the retail space, with a particular focus on high net-worth individuals, middle class and salaried government workers.

Fidelity Bank Records N9bn Profit, Assets Hit N1.1tn

An analysis of the balance items of Fidelity Bank showed that total assets increased by 18.2 per cent to N1.081 trillion, up from N914.36 billion in 2012.

Incoming CBN governor challenged on forex reserves, credit, AMCON fund

The CBN governor designate, while thanking the stakeholders for setting agenda for him, promised that he would not betray the confidence reposed in him.

S.Africa's Capitec full-year earnings slow as bad loans bite

This year has seen deterioration in the quality of our loan book

Over half of retail banking executives think non-traditional financial services providers are a threat to traditional banks - PwC

The remainder (46%) see smaller banks capturing share through increasing differentiation. Executives are also divided as to the threat posed by non-traditional new players: while 55% believe they pose a threat to traditional banks, 31% believe they presen

Nigeria’s Union Bank Poised For Growth

Union Bank of Nigeria today revealed a new corporate strategy as it seeks to build on “successes achieved in the past one year”.

Standard Bank ‘could release excess capital’

Standard Bank Group, Africa’s largest lender, may pay a special dividend of as much as R7bn after selling many of its overseas assets

Ecobank trims its sails to steady ship

Depositors were taking fright. The stock price was dipping. A stream of internal letters warned that the bank and the decades-old dream of building a pan-African rival to Barclays or Citibank could collapse.

Zenith Bank posts profits

The result also showed that net assets rose by 10 per cent from N462bn at the end of 2012, to N509bn in the year under review.

We’ll redefine customer experience with retail banking –Okonkwo, Fidelity Bank boss

The Managing Director/Chief Executive Officer of Fidelity Bank Plc, Nnamdi Okonkwo, has assured that Fidelity Bank will continue to develop strategies to not only remain relevant but also meet the challenges in the industry

GT Bank expands to Cape Coast

The move forms part of the bank’s commitment to bring more convenience to the doorstep of customers and the general public.

Thierry Tanoh keeps ECOBANK job for now

The fate of the current Group Chief Executive of ECOBANK, Thierry Tanoh as to whether he can still keep his job going forward still hangs in the balance.

Nedbank appoints new PR agency

Founded in 2008, is the largest independent PR agency in South Africa,

South African financial services provider considers buying Nigerian Bank

The bank will start commercial banking in Nigeria with its merchant banking license. “We will scale it up,” Nxasana said.

Heritage Bank Launches Agency Banking Platform

The bank also assured its customers that it would roll out money agency banking channels in months to come.

IFC recognizes Diamond bank as best issuing partner bank in Africa

team at IFC was formed in 2010 to integrate working capital financing and trade facilitation initiatives with IFC’s award-winning Global Trade Finance Program and Global Trade Liquidity Program.

Retail Banking