04/10/2024
“The decline in new business growth meant that companies left their production volumes unchanged, and registered a lower degree of confidence regarding the forecast for next year,” it adds.
04/09/2024
The hallmark campaign is designed to encourage and reward the use of Absa’s contactless debit and credit cards.
04/08/2024
Solidarity’s banking fee comparison is based on four different transaction profiles split across four groups – including the middle class.
04/08/2024
The lenders see the mass market as a good hunting ground for new customers, especially the young population entering the financial system.
04/02/2024
Part of our strategy is to build up retail banking. To do that, we are trying hard to become globally relevant for Kenyan consumers,” said Mr Khan.
04/02/2024
Former Liberty boss gets R10.5 million
03/27/2024
Gross NPLs increased 81 percent to Sh114.6 billion from Sh63.13 billion in 2022.
03/27/2024
The Old Mutual Bank is one of four banks launching in South Africa.
03/27/2024
The reduced provisioning has been attributed to a steady non-performing loans ratio despite a notable pickup in gross NPLs.
03/27/2024
The higher net interest income served to offset a four percent dip in non-funded income, which was attributable to a slowdown in foreign exchange income.
03/26/2024
The pricing is clear: both businesses and individuals do not pay a monthly fee, nor do they pay for debit orders, electronic payments, card purchases, or bulk file payments.
03/21/2024
Shares of Investec rose as much as 3.8% on Wednesday in London.
03/21/2024
The value of potential deal, which is subject to regulatory approvals from both countries’ central banks and the COMESA Competition Commission, among others, was not revealed.
03/19/2024
As part of its Diaspora strategy, the Bank has launched the Afreximbank Africa Diaspora Center, in partnership with the Africa Center in New York.
03/18/2024
According to the figures, the banks’ profits last year were powered by net interest income which rose to P6.4 billion or about 27 percent higher than the level in 2022.
03/18/2024
The higher payout to shareholders is on the back of improved profitability
03/15/2024
The lender posted headline earnings of 20.9 billion rand
03/14/2024
The bank, which has an operation in South Sudan, has intensified its expansion locally where it sees untapped growth opportunities.
03/14/2024
Headline earnings in South Africa grew by 3% to R16.8 billion.
03/12/2024
South Africa's prime lending rate of 11.75% at end-2023 was 125 basis points (bps) higher than a year earlier and 475 bps above the bottom of the interest rate cycle from mid-2020 to late 2021.