Managers of Wealth Africa

Absa Expects Growth To Decelerate To 1.5 Per Cent in 2014

Revenue grew 5 per cent to 21.4 billion rand for the interim reporting period ended 30 June 2014 from 20.3 billion rand in the previous comparative period.

Ecobank Ghana says half year 2014 net profit up 91.2 pct

Ecobank Ghana Limited, the local unit of pan-African bank Ecobank, said on Wednesday its net profit for the six months through to June rose 91.2 percent to 153,947 million cedis ($44.5 million) compared with 80,487 million cedis a year ago.

Nigeria: Banks May Reduce Dividend Payout

In order for Nigerian banks to retain more capital going forward, some will either reduce dividend payout ratios or float rights issues

Kenya's Equity Bank profits up 21 pct on loan growth

Equity, which also has operations in Uganda, Tanzania, Rwanda and South Sudan, said its assets grew to 302.92 billion shillings from 261.58 billion in the first six months of 2013.

Union Bank’s profit declines by 32%

Gross Earnings of the group follwed the same pattern, shedding N6.57 billion or 11.70. Per cent from N56.16 billion posted the prior year’s to N49.59 billion.

Fidelity Bank earns N63.3bn in 6 months

However, the bank reported that its non-interest income declined by 14 per cent to N13.0 billion from N15.1 billion recorded in half year 2013, basically driven by a reduction in foreign exchange earnings.

HSBC Exits Nairobi In Global Restructuring Plan

The apex bank said the market would be informed when HSBC formally closes the office in compliance with all regulatory requirements.

Kenya Women Bank gears up to offload shares to members

KWFT was started as a wholly-owned subsidiary of Kenya Women Holding but over the years, the KWH has been reduced to 55 per cent.

Keystone Bank returns to profitability, grows assets

Ikeazor also noted that the financial institution was also expanding its branch network, with 199 operational, while the 200th is almost at the verge of completion

Kenya's KCB to offer Islamic banking in all its branches

The lender will initially roll out Islamic banking services through seven branch centers, beginning from next month.

UBA records 21.4% profit decline in Q2

The Nigerian Stock Exchange on Friday published the second quarter 2014 result of United Bank for Africa with profit after tax of N11.0 billion

First Atlantic Bank On Expansion Drive

“Our branch roll-outs is a testimony of our strong belief in the resilience of the Ghanaian economy and its long term prospects,” the Board Chairperson concluded.

Access Bank opens support contact centre

At the launch in Accra, the Managing Director, Mr Dolapo Ogundimu, said “our customers remain at the heart of our business

Union Registrars restructures for growth

As part of strategic moves to sustain its competitive edge, Union Registrars Limited, which has recently attracted a new core investor, Citadel Nominees Limited, has embarked on review of its business processes and broadening of portfolio.

NIC Bank group profits up 11 per cent

Total income for the first half was Shs 5.4 billion compared to Shs 5.0 billion in the first half of last year

Zenith Bank H1 profit rises to N57.86 billion

Gross earnings rose to N184.4 billion during the six month to June 30 from N171.0 billion a year earlier.

UBA Capital Posts N1.5bn Profit Before Tax in Six Months

UBA Capital Plc has reported a profit before tax of N1.497 billion for the half year(HI) ended June 30, 2014, showing an increase of 23 per cent above the N1.221 billion recorded in the corresponding period of 2013. The unaudited results made available b

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