Managers of Wealth Africa

Most loved and hated banks in South Africa — with one slipping badly

FNB was the most likeable bank overall, with a positive net sentiment index score of 37.5%, followed by Absa with 25.8% and African Bank with 14.1%.

South Africans are threatening to close their bank accounts – this is where they would rather go

One big area analysed by the group is churn – the movement of banking customers from one bank to the next – where the analysis of conversation topics looked specifically at author intent.

TymeBank eyes 6 million customers as it makes big push into business banking

Retail Capital is a fintech company that provides funding to small and medium-sized businesses, and work is now underway to integrate the organisations.

Access Bank Launches New International Money Transfer Platform

This new service was created with the aim of facilitating the payment of goods and services between Access Bank subsidiaries, limiting the risk associated with cross-border cash-based transactions.

Uganda banking sector resilient but loan write-offs surge

Central bank says asset quality of commercial banks improve

Big changes for bank cards coming to South Africa

This will see cards being processed and delivered faster and more securely in the country

BoG commends UBA as it opens new business office in Ashiaman

With the opening of this Business Office, the bank would be contributing further to the deepening of financial intermediation in the Ghanaian industry.

Nigeria: Zenith Wins 'Bank of the Year Nigeria' in the Banker's Awards

This came on the heels of the award as Number One Bank in Nigeria by Tier-1 Capital by The Banker won by Zenith Bank earlier in the year.

Access Bank Completes Acquisition Of Sigma

Corporation’s expansive distribution network, strong risk management culture and best-in-class governance standards to create a formidable pension funds administration business. https://tribuneonlineng.com/access-bank-completes-acquisition-of-sigma/

Access Bank Unveils New Debit Card For Women

“With the WCard, a card meant for women , women of integrity, women who can go out there and stand on their own in the business world and for women who are able to walk in the lanes of integrity like access bank believes.’’

Absa overhauls pricing strategy and rewards programme

Announces sizeable fee reductions in some categories as it works to ‘deepen’ its relationship with customers.

FCMB Group Declares 68% YoY Increase in PBT to N26.5bn

The growth in gross revenue was driven by a 33.1per cent growth in interest income and a 36.1per cent growth in non-interest income.

Nigeria’s Titan Trust Bank Profit Surged 52% in 2021 on Loan Book Expansion

Titan Trust Bank also continued to mobilize deposits which rose by 112% in the period to N182.38 billion.

SMEDAN, Sterling Bank to grant supportive funding to agro-based SMEs

Prospective beneficiaries may apply for financing within the range of N500,000 and N2.5 million.

African Bank reports full-year profit growth of nearly 40%

Profit after tax grew 38% to R736 million in the year to end September 2022.

Sterling Bank Retains “BBB+” Rating with Positive Outlook

The Bank also has strong Liquidity coverage for the mismatch in the maturity profiles of its deposit and loans, the liquid assets of the Bank provide adequate cushion resulting in Net Liquidity Surplus of N63.5b in the long-term.

African Bank adds over 500,000 new accounts – as it eyes a big move to business banking

However, one of the most encouraging aspects of the business is the growth in its transactional MyWORLD and credit card accounts and transactions.

Absa profit jumps 30 per cent on increased lending

It also benefited from increased investments in government debt securities whose yields have been rising in recent months.

Banking, Insurance Sectors’ Contribution to GDP Down 10% to N660.84bn

Analysts blamed the decline in financial institutions and insurance contribution to real GDP on macro economic challenges part of which is the hike in the inflation rate.

Ex-Diamond Bank Boss, Otti, Others Float Signature Bank

He said had decided to give opportunities to the younger generation to pilot the affairs of the Signature Bank.

Retail Banking