01/03/2014
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.
01/02/2014
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
01/01/2014
Increased promotion of alternative banking channels is not intended to eliminate the brick and mortar branches
12/28/2013
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.
12/25/2013
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.
12/23/2013
GT bank nine month results through September 2013 shows an increase in gross earnings by 9 percent
12/20/2013
Africa-focused banking group, Ecobank Transnational has open two more branches in Harare to further expansion in the Zimbabwean market.
12/17/2013
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.
12/17/2013
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.
12/16/2013
This move is a strong endorsement of GHIB’s strategy of expanding its footprints in the African continent.
12/16/2013
Fidelity Bank Limited has signed a 10-year US$13million credit facility agreement with PROPACO,
12/16/2013
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
12/11/2013
Each will cherrypick the regions that have contributed the most performance, the macro highlights and key funds which have done well for them.
12/10/2013
Angolan banking group BIC, which in Cabo Verde owns BIC IFI , plans to buy a retail bank on the archipelago
12/10/2013
In the nine months to September 2013, indigenous banks overtook their multinational rivals in profit growth.
12/07/2013
FINA Bank will be renamed Guaranty Trust Bank Kenya after the Central Bank approved the takeover of the Kenyan bank.
12/04/2013
Kenya Commercial Bank started small in Africa's newest nation, South Sudan - very small.
12/04/2013
First Capital started as a microfinance company and became a savings and loans company after operating for two years.
12/02/2013
Ecobank Cameroon’s net profits significantly increased by 100 percent to 1.65 billion F.CFa” for the same period.
12/01/2013
Angola is one of the most attractive markets for international retail trade