09/17/2013
African Bank Investments Ltd. (ABL), South Africa’s largest provider of unsecured loans, fell the most in six weeks after it said full-year profit will decline as bad debts rise and the bank curbs lending growth.
09/15/2013
Guaranty Trust Bank Plc has been named the Best banking group in Nigeria in the 2013 Annual World Finance Banking Awards by The World Finance magazine.
09/14/2013
GROWTH on the African continent and a focus on cost containment have been the two central drivers behind Rand Merchant Bank’s 23% rise in profit before tax for the year ending June.
09/12/2013
Standard Chartered Plc, the UK bank that earns most of its profit in Asia, expects to open 100 new branches in Africa by 2016 to benefit from the continent's US$1 trillion of annual retail spending.
09/12/2013
Looking to tap into the business potential offered by Africa, some Indian banks have expressed interest in setting shops in Mauritius.
09/11/2013
First City Monument Bank Limited has embarked on series of activities to inculcate the culture of wealth creation amongst the Nigerian masses.
09/10/2013
Some of South Africa’s major lenders have warned that the expunging of credit information due to a recently approved credit information amnesty could push lenders to be more conservative when advancing credit.
09/10/2013
The Board of Directors of the African Development Bank approved on Wednesday, September 11 a financing package consisting of US $120 million multi-sector line of credit and US $30 million subordinated debt to The Mauritius Commercial Bank
09/10/2013
Fidelity Bank Ghana Limited, one of the fastest growing banks in Ghana, has become the first bank to introduce Agency Banking services in the country.
09/10/2013
Barclays Bank of Kenya has unveiled a three-year strategic plan designed to facilitate faster growth in the future.
09/09/2013
FirstRand Ltd, South Africa’s second-biggest financial-services company, said fiscal full-year profit climbed 20 percent as it lured more customers.
09/08/2013
With the approval of the Bank of Ghana, Fidelity Bank has contracted third party retail networks called Fidelity Smart Agents to provide services on its behalf.
09/08/2013
With a growing emphasis on Cashless Banking to provide safer financial services to customers.
09/07/2013
The United Bank for Africa one of the Pan-African bank with operations in 19 African countries and New York, London and Paris, announces the launch of Project Alpha the Group’s next stage focus of strategic transformation.
09/05/2013
Capitec and other South African lenders have zeroed in on the lucrative mass-market, writing high-margin loans to lower income borrowers.
09/02/2013
FirstRand expects to release its full-year results on September 10. Standard Bank, Nedbank and Barclays Africa Group (previously Absa), all reported their interim earnings in August.
09/01/2013
The regulator told them to find new investors before a deadline or face nationalisation.
08/27/2013
Shortly after the banking sector reform triggered bank customer migration, one of the banks that successfully attracted many customers was Guaranty Trust Bank plc (GTBank).
08/26/2013
This marks the second international award the company has received in less than two years
08/26/2013
EcobankZimbabwe’s profit before tax leapt 2 300 percent to US$1,2 million in the half year to June largely driven by growth in interest income.