08/08/2014
United Bank for Africa (UBA) Plc; one of the largest financial services institution in Africa, has released its unaudited financial results for the first six months of the year, showing positive growth in financial indices.
08/08/2014
We have repeatedly negatively surprised the market and ourselves
08/08/2014
This was despite operating in a challenging economic environment characterised by a liquidity crunch, company closures and a downgrade of Zimbabwe’s economic growth outlook this year.
08/07/2014
FRANCE’s largest bank buys SA card unit
Been active in South Africa for more than 15 years
08/05/2014
Centum Investment Company Limited (Centum) is set to acquire shares from existing shareholders at K-Rep Bank Limited.
08/05/2014
Investors surge towards Africa's largest economy, Nigeria, is rapidly increasing. Thanks to the country's budding economy, its openness to doing business and robust entrepreneurial spirit.
08/05/2014
Pan African lender Ecobank Transnational has made progress in resolving governance problems, Mike Brown, the chief executive of its alliance partner Nedbank Group,
08/04/2014
However, the bank said its profit before tax dropped to N7.266 billion as against N10.545 billion during the corresponding period in 2013
08/04/2014
He said the bank “maintained strong deposit growth especially from the retail segment of the market.”
08/01/2014
Union Bank of Nigeria Plc has recovered N3.5 billion loans in the first half of 2014, showing a significant improvement compared to the N1.5 billion recovered in the corresponding period of 2013.
08/01/2014
Buoyed by fees and commissions as a result of a 14 per cent increase in customer borrowing to 244 billion Kenyan shillings, the group’s profit before tax stood at 11.7 billion Kenyan shillings in 30 June 2014.
08/01/2014
Nigeria's First Bank Holding Company said on Thursday its half year to June pre-tax profit fell 12 percent to 48.25 billion naira, compared with 54.81 billion naira recorded in the same period last year.
07/31/2014
The regulatory headwinds from Central Bank of Nigeria tightening policy combined with induced costs, such as the Asset Management Corporation of Nigeria charge, are taking a toll on the bottom-line performance of UBA Group as first-half profit shrank by 1
07/31/2014
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.
07/31/2014
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.
07/31/2014
In order for Nigerian banks to retain more capital going forward, some will either reduce dividend payout ratios or float rights issues
07/30/2014
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.
07/30/2014
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.
07/30/2014
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.
07/29/2014
The apex bank said the market would be informed when HSBC formally closes the office in compliance with all regulatory requirements.