05/18/2022
Access Holdings Plc disowns online investment platform, Access Capital Daily Investment
Access Capital Investment is alleged to be a Ponzi scheme offering a 100% ROI.
Retail Banking
05/18/2022
Nedbank rolling out ‘new concept’ design to all branches in South Africa
The branches offer self-service card dispensing kiosks that instantly issue clients with their new Nedbank card.
05/18/2022
StanChart Kenya Q1 2022 pretax profit up 16%
The lender, which is controlled by Standard Chartered Plc, said in a statement late on Tuesday its net interest income rose 7% to 4.92 billion shillings, while loan impairments fell 121% to 86 million shillings.
05/17/2022
SA banks caught up in financial shenanigans in Namibia
Wells Fargo's reputation was tarnished, and the company has had to rebuild its reputation and its brand.
05/15/2022
Co-op Bank injects $3.2m into South Sudan unit
The use of the software was discontinued when Co-op adopted a uniform core banking platform, which is now being implemented.
05/13/2022
Access Bank moves to dominate agency banking
Access Bank agency banking ‘Access Closa ’ recently hit a milestone of having 100,000 agents currently spread across Nigeria as the bank further plans to increase its footprint by having a minimum of 50 agents in each of the 774 LGAs across th
05/12/2022
Kenyan banks macroeconomic profile weak
Cites high credit risk, low wealth levels, weak institutions and high financing needs.
05/11/2022
Listed Ugandan banks have been instructed to withhold $4.5 billion worth of dividend payouts
Last month, many bank shareholders were disappointed when the apex bank issued a circular informing the banks not to pay dividends for the financial year ended December 31st, 2021.
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
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.