07/24/2013
Nigeria's unity Bank H1 pre-tax profit up 24 pct
Nigeria Unity Bank said its half-year pre-tax profit rose 24 percent to 4.35 billion naira ($27.17 million), compared with 3.52 billion naira in the same period a year ago.
Retail Banking
07/24/2013
Nigeria's Skye Bank says H1 profit up 5.5 pct
Gross earnings at the mid-tier bank rose to 71.16 billion naira
07/21/2013
High Expectations as GTBank Expands into East Africa
Having stamped its footprint on the West African region, leading Nigerian financial institution, Guaranty Trust Bank Plc (GTBank), has begun its expansion into East Africa with the aim of becoming the preferred bank in the continent.
07/21/2013
Barclays Africa Wins Regulatory Approval for Merger With Absa
Barclays Plc gained regulatory approval to merge its African operations with Absa Group Ltd.
07/21/2013
Ecobank Gets Affiliate in South Sudan
Ecobank Transnational says it has opened an affiliate in South Sudan.
07/20/2013
Stanbic IBTC Re-Strategises For Retail Banking Services
Stanbic IBTC Plc has unfolded plans to strengthen its position
07/19/2013
GTBank to acquire 70% stake in Kenyan Bank
Parent company of Guaranty Trust Bank (Ghana) Limited, Guaranty Trust Bank Plc has reached an agreement to acquire a 70 per cent stake in Kenya's Fina Bank Limited for $100 million,
07/17/2013
Stanbic IBTC To Grow Retail Business
Stanbic IBTC Bank said it will adopt sustainable strategies to strengthen its retail banking business in Nigeria.
07/14/2013
Zenith Bank ranks number one in Nigeria, among world’s top 1,000
ZENITH Bank tops Nigerian banks in this year’s Top 1000 World Banks Ranking of The Banker Magazine of the Financial Times Group, London, United Kingdom.
07/11/2013
Standard Bank Group named Best Investment Bank in Africa
Standard Bank Group also received awards for Best Equity House and Best Risk Manager in Africa.
07/07/2013
Gambia: Access Bank Introduces Gambia's First Visa Debit Card
ccess Bank Gambia Limited, the trendsetting bank in many respects, has introduced the Gambian banking industry's first Visa Classic Debit Card to fast-track business and financial transaction
07/07/2013
CBA in a Sh1.5b deal with Shelter Afrique
The Commercial Bank of Africa has signed a Sh1.5 billion deal with Shelter Afrique for financing of housing projects in Nairobi, Kisumu and Mombasa.
07/04/2013
Abil shrugs off worries of credit rating downgrade
The parent company of African Bank, said that a downgrade of the unsecured lender’s credit rating would not be justified as the company had taken measures to deal with the subdued financial performance for the six months ended March.
07/02/2013
South African financial services firm Old Mutual acquires Faulu Kenya
South African financial services firm Old Mutual has acquired a majority stake in micro-banker Faulu, making its entry into Kenya’s lucrative retail banking sector.
07/02/2013
Namibia: Women in Leadership Excel At Standard Bank Namibia
Women are rapidly climbing the corporate ladder by taking up positions at the executive, senior and middle management levels at Standard Bank Namibia.
07/02/2013
Attijariwafa’s Ivory Coast Bank Expands as Clients Boost Profit
Societe Ivoirienne de Banque, the Ivorian unit of Morocco’s largest publicly traded lender, plans to open a 43rd branch in the West African country as it attracts new customers.
06/29/2013
‘GCB rebranding is to make it effective and human centred’
The management of the Ghana Commercial Bank (GCB) Limited plans to to rebrand the bank as a modern progressive and people-centred finance house.
06/27/2013
PTA Bank aspires for more business in Uganda
The Preferential Trade Area Bank (PTA), held a Bank Business Seminar at Sheraton Hotel in Kampala on the 27th of June. - See more at: http://www.independent.co.ug/news/news/7937-pta-bank-aspires-for-more-business-in-uganda#sthash.aTX3uEhc.dpuf
06/27/2013
Mauritius Commercial Bank to raise 3 bln rupees via bond issue
Mauritius Commercial Bank had approval from regulators to raise 3 billion Mauritius rupees ($96 million) via a bond issue to finance a restructuring plan to separate its banking and non-banking activities.
06/27/2013
Nigeria’s First City Monument Bank Becomes A Holding Company
Leading Nigerian lender, First City Monument Bank announced that it has metamorphosed to a Holding company.