03/31/2022
Ecobank records 334% rise in profit to N146bn in FY 2021
A further look at the results show that the lender earned N603.37 billion from its lending business as Interest income grew by 14% from N531.22 billion.
Retail Banking
03/31/2022
Bad news for jobs in South Africa: Nedbank
While economic activity rebounded in the final quarter after being interrupted by multiple shocks in the third quarter
03/31/2022
Ecobank wins 5 awards at Global Finance Awards
The awards included Africa’s Best Bank for Cash Management and Africa’s Best Provider of Short-Term Investments/Money Market Funds.
03/30/2022
African Development Bank Group President commences three-day visit to the United Arab Emirates
Much of the visit’s focus will be on strengthening ties and building closer collaboration between the African Development Bank and the United Arab Emirates.
03/28/2022
Zenith Bank: Beating Market Expectations
The Group’s continuous drive for retail deposits combined with the strategic rebalancing of its funding base helped to reduce the cost of funding from 2.1 per cent to 1.5 per cent in the current year.
03/27/2022
Kenyan banks record meteoric surge in profits
The one-year window through which the lenders had extended and restructured the loan repayments for customers adversely impacted by the pandemic expired on March 2, 2021 and the borrowers were given three months to regularise their loan repayments.
03/25/2022
Nigerian lender GTB sets sights on Kenyan bank
The Nigerian banks reckon they will ride on the billions of dollar flows in annual trade between Nigeria and Kenya to gain market share, a pointer that it targeting trade finance.
03/24/2022
Ecobank’s leadership in Treasury and Cash Management across Africa recognised at the Global Finance Awards
In addition, Ecobank Cameroon, Ecobank Côte d’Ivoire and Ecobank Kenya were all named Best Treasury & Cash Management Banks 2022 in their respective countries.
03/24/2022
SA banks dominance hampers growth
The report paints a bleak picture of how four commercial banks control almost 90% of the country's banking sector.
03/24/2022
Equity Group to pay out record Sh11.3bn dividend
The lender has reinstated dividend after freezing payouts in 2019 and 2020
03/23/2022
The African Banker Awards – a fascinating journey
Ahead of the 16th edition of the African Banker Awards, scheduled for May this year, we look back at 15 exciting years of an event that was the first of its kind in Africa.
03/22/2022
SA banks fear uptick in ID theft after TransUnion hack
The group claimed the credit bureau was using the word “password” as its password.
03/21/2022
KCB Group courts DRC bank in expansion plan
The Group’s net profit for 2021 jumped 74 percent to Ksh34.2 billion ($300 million) from Ksh19.6 billion ($171.92 million) in the previous year (2020) buoyed by increased revenues from trading operations and by over 50 percent reduction in loan loss
03/21/2022
Jaiz Bank Shares Islamic Banking Experience with Delegates from Gambia
Speaking during the visit, the Managing Director Hassan Usman welcomed the delegates, and assured them that Jaiz Bank is ready to work with them to “share knowledge.”
03/21/2022
The cheapest bank accounts in South Africa in 2022
Discovery Bank does not have an entry-level transactional account and thus has been excluded.
03/21/2022
Access Bank Reports 40% Increase in Profit to N176.7bn
assets of N11.7trillion as at December 2021, a growth of 35 per cent from N8.7trillion as at 2020.
03/18/2022
Standard Bank ranked as Africa’s most valuable banking brand in 2022
Standard Bank has emerged as the most valuable banking brand on the African continent for 2022 in Brand Finance’s ranking of the world’s Top 500 Banking Brands, after increasing its brand value by 26% to USD1.583 billion.
03/18/2022
Big five banks deploy digital at unprecedented time frames
The index provides insights into the overall level of satisfaction among customers of SA’s top five retail banks.
03/18/2022
Unity Bank, NASME empower women-owned MSMEs
Managing Director/Chief Executive Officer of Unity Bank, Mrs. Oluwatomi Somefun
03/18/2022
Standard Bank employs AWS technology to boost Shari’ah Banking services
The bank introduced the Shari’ah Banking Call Centre on 9 March 2022, that seeks to resolve customers’ queries remotely and efficiently while maintaining all the requirements of Shari’ah Banking.