04/05/2022
SA banks to be the least affected by the Russia-Ukraine war among emerging markets – S&P report
South African banks have limited or no vulnerability at all across all areas that S&P looked at.
Retail Banking
04/05/2022
Kenya: Banks report stellar earnings growth for 2021; Equity Bank doubles profits
But the sector’s underlying performance may be skewed given a significant drop in loan impairment charges in 2021 and subsequent write-backs, which boosted bank balance sheets and results, say some analysts.
04/04/2022
Sterling Bank partners DKM to develop Africa’s next big star
The partnership with DKM is a sequel to the bank’s ongoing collaboration with the Ake Arts and Books Festival as well as its partnership with the Nike Arts Gallery, among others.
04/04/2022
Zenith, Access Bank, Others Sustain NPL Ratio Below CBN’s Requirement
UBA’s NPL dropped to 3.60 per cent from 4.70 per cent in 2020.
04/04/2022
Zimbabwe: First Capital Records 87 Percent Net-Interest Income Growth
In comparison, Non-Funded Income just recorded a 33 % growth during the reporting period.
04/01/2022
Ghana: Banking Sector Records Strong Asset Growth in First 2 Months
Dr Addison said total deposits recorded a year-on-year growth of 18.2 percent to GH¢123.0 billion.
03/31/2022
Absa Bank Ghana records strong performance in 2021
The Bank said the emerging recovery of the Ghanaian economy in 2021, from a difficult position the previous year, was also a key factor in the improvement in revenues.
03/31/2022
Ecobank records 334% rise in profit to N146bn in FY 2021
A further look at the results show that the lender earned N603.37 billion from its lending business as Interest income grew by 14% from N531.22 billion.
03/31/2022
Bad news for jobs in South Africa: Nedbank
While economic activity rebounded in the final quarter after being interrupted by multiple shocks in the third quarter
03/31/2022
Ecobank wins 5 awards at Global Finance Awards
The awards included Africa’s Best Bank for Cash Management and Africa’s Best Provider of Short-Term Investments/Money Market Funds.
03/30/2022
African Development Bank Group President commences three-day visit to the United Arab Emirates
Much of the visit’s focus will be on strengthening ties and building closer collaboration between the African Development Bank and the United Arab Emirates.
03/28/2022
Zenith Bank: Beating Market Expectations
The Group’s continuous drive for retail deposits combined with the strategic rebalancing of its funding base helped to reduce the cost of funding from 2.1 per cent to 1.5 per cent in the current year.
03/27/2022
Kenyan banks record meteoric surge in profits
The one-year window through which the lenders had extended and restructured the loan repayments for customers adversely impacted by the pandemic expired on March 2, 2021 and the borrowers were given three months to regularise their loan repayments.
03/25/2022
Nigerian lender GTB sets sights on Kenyan bank
The Nigerian banks reckon they will ride on the billions of dollar flows in annual trade between Nigeria and Kenya to gain market share, a pointer that it targeting trade finance.
03/24/2022
Ecobank’s leadership in Treasury and Cash Management across Africa recognised at the Global Finance Awards
In addition, Ecobank Cameroon, Ecobank Côte d’Ivoire and Ecobank Kenya were all named Best Treasury & Cash Management Banks 2022 in their respective countries.
03/24/2022
SA banks dominance hampers growth
The report paints a bleak picture of how four commercial banks control almost 90% of the country's banking sector.
03/24/2022
Equity Group to pay out record Sh11.3bn dividend
The lender has reinstated dividend after freezing payouts in 2019 and 2020
03/23/2022
The African Banker Awards – a fascinating journey
Ahead of the 16th edition of the African Banker Awards, scheduled for May this year, we look back at 15 exciting years of an event that was the first of its kind in Africa.
03/22/2022
SA banks fear uptick in ID theft after TransUnion hack
The group claimed the credit bureau was using the word “password” as its password.
03/21/2022
KCB Group courts DRC bank in expansion plan
The Group’s net profit for 2021 jumped 74 percent to Ksh34.2 billion ($300 million) from Ksh19.6 billion ($171.92 million) in the previous year (2020) buoyed by increased revenues from trading operations and by over 50 percent reduction in loan loss