05/10/2022
Entersekt partners with Capitec Bank
Entersekt integrates NuData Security’s behavioral analytics intelligence into its EMV 3-D Secure solution to provide Capitec customers with real-time risk-based authentication for online purchases
Retail Banking
05/09/2022
FNB Records Nearly 2 Million Virtual Card Users Just 1 Year After Launch
FNB customers have more reasons to buy items using their Virtual Cards, as the bank is now providing free insurance cover on online purchases made with FNB and RMB Private Bank Virtual Cards.
05/09/2022
Dutch development bank FMO wants to scale-up loan guarantees in fragile states
The FMO currently invests an average of about €2bn ($2.1bn) a year across all its markets.
05/06/2022
UBA sees exponential growth in customer deposits
UBA closed the year with a significant growth of 36 per cent of its balance sheet from GH¢3.95 million in 2020 to GH¢5.37 million in 2021.
05/05/2022
Fidelity Bank Announces 29% Increase in Gross Earnings in Q1 2022
The bank realised N393 million for items that will be classified subsequently to profit or loss, against the N18.700 billion decline posted in the same quarter of 2021.
05/05/2022
NEXIM Bank Secures N10.2bn, $3.25m in Loan Recovery Drive
Enhanced operating model through restructuring of regional offices for the bank
05/05/2022
Wema Bank’s ALAT Hits 1m accounts in One Day
Apart from the attempt at the world record, the #BeAudacious campaign was also a reward scheme to appreciate customers
05/03/2022
Access Bank promotes 800 employees as transition to Holdco structure
"Over the years, Access Bank has demonstrated that employee performance and rewards remain a critical pillar of the bank’s business operations."
05/03/2022
Access, GTB, BoI, others go head to head for ‘African Bank of the Year’
The 2022 edition to be held in person in Ghana, will have efforts and remarks centred on the theme of banking sovereignty, proffering support for growth and development in the world of banking, payment systems, data and the empowerment of development inst
05/03/2022
FNB launches ‘bounce back’ loans in South Africa – how to apply
The only restrictions are that the loans can’t be used to repay shareholder loans or settle debt and entities and sole proprietors must be tax registered.
05/03/2022
Nigeria: Banks, Others' Borrowings From CBN Fell By 66 Percent to N1.4trn in Four Months
An analysis of the CBN financial data revealed that banks and other financial institutions in January 2022, borrowed N313.48 billion, which was a decline of 25.5 per cent from N426.7 billion borrowed in January 2021.
04/28/2022
UBA Reports N41.496 Billion Profit After Tax in Q1 2022
Profit before income tax gained 9.6% to N44.484 billion in Q1 2022 from N40.581 billion achieved in Q1 2021. The lender paid N2.988 billion in income tax in the quarter under review.
04/28/2022
Standard Bank Group of South Africa leads the banking pack in Africa
Standard Bank Group retained pole position for the second time in a row on the back of massive growth in its tier 1 capital of 24% to $13.8bn in December 2020.
04/28/2022
Zenith Bank is Nigeria’s ‘Best Bank’
The objective criteria included growth in assets, profitability, geographic reach, strategic relationships, new business development and innovation in products.
04/26/2022
Key takeaways from Ecobank Transnational's Q1 2022 financial statement
The report also showed that deposits from customers during the first three months of 2022 remained unchanged at $19.7 billion.
04/26/2022
FirstBank emerges best in Nigeria and in digital transformation
FirstBank was named African Bank of the Year & Innovative Banking Product of the Year 2021 by African Leadership Magazine Awards
04/26/2022
Standard Bank Group 1Q Net Profit, Trading Revenue Rose
Regarding its outlook, the bank said its risk appetite and credit outlook remain unchanged at this time.
04/25/2022
AfDB Approves €9.8m Fund for African Startups
The bank’s investment is expected to accelerate the creation of a new class of successful African entrepreneurs that will serve as a model to younger innovators.
04/25/2022
Standard Bank taken to task for talking up mitigating climate crisis while investing in ‘brown’ energy
The EACOP project plans to build a pipeline in 2025 spanning 1,400km across eastern Africa that will transport crude oil from Uganda to Tanzania.
04/20/2022
New Access Bank promises highly improved banking service experience
This is a digital business focused on speed, convenience and value, Wigwe said.