06/10/2022
With an inflation rate of 16.82 per cent as of April, he said if a person was getting returns as low as 1.28 per cent on savings, the gap was going to be too wide and there would be saver loses.
06/10/2022
The group went into business rescue in May 2020 after Covid-19 pandemic era lockdowns, travel bans, as well as rising fuel prices, wreaked havoc on the travel industry.
06/10/2022
The deal is said to still be subject to regulatory approvals in Nigeria and Kenya and will add to the acquisition deals in Kenya’s banking sector.
06/10/2022
“TymeBank is sustaining the momentum of acquiring about 130,000 customers per month."
06/10/2022
The Bank will establish a Policy Laboratory Unit comprised of certified global experts on public financial management who will be the faculty members to deliver the courses.
06/09/2022
The improving profitability among commercial banks comes as credit growth also increases, with total outstanding loans to all sectors rising to P69.6 billion in March, compared to P69 billion in February and P65.6 billion in March 2021.
06/09/2022
The deal is a continuation of the bank’s inorganic growth trajectory.
06/08/2022
The bank has also revealed plans to continuously modernise its branches, with a strong emphasis on digitisation, improved client service, and optimal cash solutions for customers.
06/07/2022
This is in line with the Bank of Ghana’s and the government’s strategy to make the Ghana Card the primary ID in the country.
06/07/2022
“The development impact of the acquisition is immense as TTB will leverage the merged entity to provide financing of about $3 billion over the medium term of which over $600 million will directly support intra-regional trade finance,”
06/03/2022
Temenos open platform for composable banking will accelerate MSB’s digital transformation and scalability
06/03/2022
The African Banker Awards are a landmark annual event for African banking taking place during the annual meetings of the African Development Bank (AfDB).
06/02/2022
African Bank has announced the launch of its new Enterprise and Supplier Development (ESD) Capacity Building Programme
06/01/2022
This acquisition made Access Bank the largest bank in Nigeria and Africa by customer base.
06/01/2022
This represents a 28.3 per cent rise during the period.
05/31/2022
The choice of the new bank branches in these counties also appears strategic as most of them are agricultural-rich with major cash crops such as tea and coffee, meaning they have high cash circulation.
05/31/2022
Nigerians can now finance their dream vehicle with an auto loan from FCMB at a low-interest rate with monthly or yearly payment options depending on their income.
05/31/2022
The banks recorded N371.9 billion in pre-tax profit, an 18.6 per cent increase over N313.5 billion posted in Q1, 2021.
05/31/2022
The Bank has over the years perfected a variety of innovative product offerings that have succeeded in absorbing hitherto marginalized customers from the unbanked and under-banked segments into the formal banking sector.
05/31/2022
The South African Reserve Bank raised its benchmark repo rate by 25 basis points in March to 4.25 percent, the third straight rate hike, due to increased inflation risks.