Managers of Wealth Africa

South African neobank Tyme Group set to expand to Vietnam

It also launched a fully digital bank called GoTyme Bank in the Philippines in 2022, in association with local company Gokongwei.

Parallex Bank gets recognition for innovation

The Managing Director of Parallex Bank, Dr. Olufemi Bakre, expressed his delight in receiving the awards.

Prudential Bank management calls on Ga Mantse

The visit, which was part of Mr Gyebi’s stakeholder engagement activities, afforded him the opportunity to formally introduce himself to the Ga Mantse as the new Managing Director of Prudential Bank.

Rwanda leads region in minting profits for Nairobi banks

Uganda and South Sudan subsidiaries contributed 16.11 percent and 14.28 percent respectively.

Access Pensions Commits to Serving Customers Better

The Unit Head, Service Centre, West, Mr. Adewunmi Adejumo, in his own remarks, assured that Access Pensions would always strive to be the leader in returns on investment and customers service delivery

South Africa’s rotten retail sales

The decline follows a 0.3% decline in February and a 1.4% drop in January 2023.

Bank accounts with over Sh100,000 hit 1.9 million

The CBK data showed that commercial banks continued to hold the bulk of the high-deposit accounts at 1.847 million

Foreign Banks compete for control in East Africa's lucrative retail banking market

According to a 2018 McKinsey&Company report, banks in Africa's mass market would be their next major development area.

Mastercard, FCMB launch new payment solution

“This partnership is part of our commitment to connecting millions of Nigerians in a world where digital connectivity is integrated into their daily lives, making their lives easier and simpler.”

FCMB grows customers to 11.4 million

“This substantial growth highlights the Group’s commitment to leveraging digital solutions to enhance customer experiences and drive financial inclusion.”

Banks in poor financial health rise to 13 in a year

The data also gives perspective on how the liquidity crunch, aggravated by a dysfunctional forex interbank market

Customers Commend Stambic IBTC Pension Managers Training for Intending Retirees

They are of the opinion that the knowledge and learning gained, will enable them know the appropriate steps to take when embarking on their verification process and to facilitate all their pension documents.

KCB Surpasses Equity to Become Kenya’s Largest Bank

While KCB claimed the top spot in asset size, it fell behind Equity Bank in terms of profitability.

Banks liquidity drops below 50pc for first time since Covid on loans surge

The lender’s liquidity levels were last below 50 percent in December 2019 and built up across the pandemic to peak at 56.8 percent in June 2021.

Liquidity in Kenyan banks drops below 50% amid lending surge

Higher credit demand driven by growing confidence in economic recovery

StanChart pays Sh2.5 billion loan

The lender had tapped the amount in 2013 as an unsecured 10-year subordinated loan to enhance its capital base and had the option to recall the loan after five years.

What you need to know about the formal remittance industry

Remittances are typically local or international transfers from an individual or family member to another individual or household.

Lafferty Group, Fidelity Bank partner to host Retail Council Africa meeting

The Council meeting brought together distinguished business leaders and academics, top African bankers and payments professionals to deliberate on contemporary developments within the Banking, Finance and Payments space.

FirstBank gives discounts on card transactions

The discount also extends to subscriptions for premium service via the BusinessDay website.

Nigerian banks intensify acquisition drive for African market share

Aside from Access Bank with a $2.26bn capital base, GTCO ($1.71bn) was ranked 18th on the list of the top 20 African banks.

Retail Banking