09/27/2023
GTB’s profits increased by a staggering 261.6 per cent growth in pre-tax profits also on the back of its strong forex business. Despite the incredible growth in profits, it remained in third position.
09/27/2023
Capital Adequacy Ratio (CAR) adjusted for the regulatory reliefs was 14.2% in August 2023, higher than the revised prudential minimum of 10.0%.
09/25/2023
The banks are listed in ascending order to provide an easier and more intuitive understanding of their sizes relative to each other.
09/25/2023
Financial experts believe that the growing SLFs are due to monetary tightening by the apex bank
09/25/2023
Fidelity recorded ₦61 billion from ₦23 billion in June 2022 while Stanbic recorded ₦67 billion from ₦30 billion in June 2022.
09/22/2023
Cooperative banks can operate at any level, but are limited in their products and services – such as foreign exchange.
09/22/2023
The increase in interest rates across Discovery’s main insurance markets – South Africa and the UK – impacted headline growth
09/20/2023
Fears over increased load shedding during winter would have also hurt confidence.
09/19/2023
United Bank for Africa delivered a 164 per cent growth in its gross earnings which rose to N981.78bn as of June 2023, from N372.36bn recorded last year in June 2022.
09/18/2023
The banking market isn’t only facing challengers from the digital sphere either, with Old Mutual – one of the oldest financial companies in the country – also gearing up to launch its own bank in 2024.
09/18/2023
For decades, the Bank has supported Ghana’s economic growth and helped businesses in the country to deliver on their ambitions.
09/18/2023
The News Agency of Nigeria (NAN) reports that forum serves as a platform for discussing important issues that are crucial to the growth and success of businesses.
09/15/2023
'We are encouraged by this award as a demonstration that we have listened, studied and built competitive solutions for SMEs to realise their goals'
09/14/2023
TymeBank is also expanding its business and operations, ARC said.
09/14/2023
The bank had earlier received a letter of ‘No Objection’ to the transaction from the Central Bank of Nigeria.
09/13/2023
This translated to an annualised return on average equity of 57.7 per cent as against 17.1 per cent a year earlier.
09/12/2023
The visiting delegation’s agenda also included focused interactions with Absa colleagues.
09/12/2023
Its profit after tax also grew by triple digits
09/12/2023
The net loans portfolio reduced significantly by 31 per cent to N198.6bn as of June 30, 2023
09/07/2023
Absa’s ratio was however lower than Development Bank at 127.4 percent