03/16/2023
The initial phase of PayShap will see the participation of the first cohort of banks: Absa, First National Bank, Standard Bank and Nedbank. More banks and non-banks are set to follow.
03/16/2023
Most companies (74%) rely on IT staff to manage their technology
03/15/2023
The bank’s impairment charges increased 61% to R13.7bn after it was forced to raise R2.7bn in coverage to cushion it against its Ghana sovereign debt exposures.
03/14/2023
The group received Section 13 approval from the Prudential Authority to proceed with the application for a banking license in November 2022.
03/13/2023
The Bank has also received approval from the Central Bank of Kenya to offer cards-as-a-service using its regulatory licence to tech-enabled approved partners.
03/10/2023
The restructuring is a key condition for the nation to finalize access to a $3 billion bailout from the International Monetary Fund.
03/09/2023
Standard Bank, the continent's largest lender by assets, said in 2023 it expects its net interest income - the main growth metric for banks - to be driven by renewables and infrastructure and higher interest rates.
03/09/2023
The payments space in Ghana has been growing since the Bank of Ghana introduced the Payment Systems and Services Act (2019)
03/07/2023
From January to November 2022, the Federal Government incurred a fiscal deficit of N7.34tn.
03/07/2023
The online training forms part of the Ecobank’s MSME Booster series and offers online learning tools for MSMEs seeking growth as they prepare for the new business year.
03/03/2023
Including commercial customers, FNB’s South African client base now sits at 9.24 million (up 5%) while total active customers across the entire group also increased by 5% to 11.22 million.
03/03/2023
Other banking channels have also registered increased usage with the preference for automated teller machines
03/02/2023
Profits took the most blow from the need to set aside N6.2 billion from revenue to cover loans.
03/02/2023
This impressive increase was achieved amid continued decline in non-performing loans ratio from 4.90 per cent in December 2021 to 4.20 per cent in December 2022.”
03/01/2023
The lenders are reacting to the CBK’s decision of September 29 that raised the benchmark interest rate by 75 basis points to 8.25 percent to anchor inflation expectations.
02/27/2023
Non-banking subsidiaries offer diversified products including payments, insurance and pension funds which have significant upside potential.
02/24/2023
Nigerian banks will face near-term execution and credit risks from their presence in other Sub-Saharan African (SSA) markets, depending on the degree of operating environment…
02/23/2023
S&P says Egypt's growth should continue to slightly outpace peers
02/20/2023
We are glad that all the goods work done in the past couple of months are beginning to yield positive results.
02/16/2023
Record performance for the bank in Africa and the Middle East