Managers of Wealth Africa

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.

Access Bank Empowers Agents with Solar Powered Fibre kiosks

Customers can locate a Closa agent near them by simply searching for ‘Access Closa Agent’ on Google Maps on their phone instead of walking long distances in search of a branch.”

Co-op Bank profit surges 47 per cent in nine months on revenue growth

Customer deposits rose 2.7 per cent to Sh432 billion, contributing to interest expenses rising 7.2 per cent to Sh11.6 billion.

South African Retail Sales Fall 0.6% Year on Year in September

On a month-on-month basis, sales were up 0.1%.

Kenya's big banks to maintain strong profitability - Fitch

The report by Fitch Rating shows Return On Asset (ROA) for top banks in the country will increase from 3.5 per cent to five per cent

Egypt’s Banque Misr lands $160m from the African Development Bank to finance SMEs

The loan forms part of the firm’s Private Sector Development Strategy.

Banks to use Treasury bonds as loan collateral

The key change in the ongoing reforms is for a borrowing bank to surrender ownership of the securities to the lending institution, which will hold the assets until the loan is settled.

Retail Banking