08/05/2021
JAIZ Bank’s profit grows by 70%
It also disclosed that the bank’s total income for the period under review grew by 42.1 per cent from N6.23bn as at end of June 2020 to N8.86bn at the end of June 2021.
Retail Banking
08/05/2021
DBN doubles loan portfolio to N215.1b
This is despite the ravaging effect of Covid-19 pandemic in 2020.
08/04/2021
Equity named best regional bank in East Africa
The Bank was cited for its contribution in providing financial services and its active role in driving economic growth in the larger East African region.
08/04/2021
East Africa: Banks Can Bend Their Way Around Disruptive Trends Without Breaking
The imminent operationalisation of the African Continental Free Trade Area is expected to create an Africa-wide market with resultant benefits from economies of scale.
08/04/2021
CFI.co Awards 2021 (Indian Ocean): Bank One scores a double win for “Best International Banking Services” and “Best Custodian Bank”
Indeed, the Bank proudly belongs to a ‘Star Alliance of Banks’ with a unique value proposition to serve the needs of SSA-focused clients through world-class personalised services and tailor-made solutions.
08/03/2021
Kenya drops China debt relief bid as banks resist
The Chinese embassy in Nairobi acknowledged the funding hitch, adding that the matter was being addressed by officials of the two countries.
08/03/2021
UBA’s Africa Presence As Elixir for Remittances
They are also low relative to the average rate for developing countries.
08/03/2021
Unity Bank records N23bn half-year gross earnings
The lender said it also sustained growth trajectory in its assets as total assets for the period rose by 11 per cent to N547.37bn from N492.02bn as of December 31, 2020.
08/02/2021
South Africa Mulls Stake in Lender as it Covets a State Bank
Government wants to take up central bank’s stake in the lender
08/02/2021
Capitec boss Gerrie Fourie on the future of South Africa’s banking sector
“I am a strong believer in looking for opportunities. You can go to Switzerland where everything works but there are no opportunities, or work within the South African market where not everything works but there are lots of opportunities,”
08/02/2021
Unity Bank’s Profit Before Tax up 34% to N1.50bn in H1 2021
A major highlight of the result is the growth in the bank’s loan book, which saw a 22per cent increase to N246.90 billion within the period compared to N202.08 billion recorded in H2 2020.
07/30/2021
The Mauritius Commercial Bank Limited signs a USD 20M term loan facility with Bank of Kigali Plc to support its strategic growth objectives
MCB, with a standing of more than 183 years, remains a key player within the African landscape.
07/29/2021
Fresh lockdown dims Rwandan banks' hopes
“We have been doing loan loss provisions every month from last year, which we saw was the prudent thing to do, the lockdowns have had a big impact on the economy and our business.”
07/29/2021
Ecobank Group H1 2021 Results: Performance Surges as Doubts Hang Over Nigeria
Deposit from customers grew by +21.66% to N7.86trn from N6.46trn in H1 2020.
07/28/2021
Ecobank’s Half-Year Profit Jumps By 33%, Revenue Rises
At the end of H1 2021, Ecobank’s total assets increased to N11.02tn from N10.38tn in December 2020.
07/27/2021
Banks pledge to support clients hit by recent unrest
Basa said the recent violence and unrest had caused extensive damage to the infrastructure of banks in KwaZulu-Natal and parts of Gauteng.
07/27/2021
Fidelity Bank Deepens Workforce Transformation Agenda
The beneficiaries cut across senior, middle and junior management cadres of the bank, and the promotion was based on merit, using a transparent and robust performance management system in line with global best practice.
07/23/2021
Fitch affirms Triple A-rating of the African Development Bank, Outlook stable
The global ratings agency assesses the Bank’s overall exposure to risks as “'Low', balancing 'Moderate' credit risk with 'Excellent' risk management policies, 'Low' concentration, and 'Very Low&
07/23/2021
Thunes enables Ethiopia's Dashen Bank to make instant cross-border transfers to bank accounts and Amole mobile wallets
Partnership with one of Ethiopia's largest private banks sees Thunes further extend its global payout network.
07/23/2021
GCB picks Financial Business Millennium Excellence award
This award inspires me and my bank and all the staff that people are still watching and observing best practice.