Managers of Wealth Africa

Stanbic IBTC Recommends Final Dividend of 360k, Bonus Share

Non-interest revenue ascended 14.7 per cent powered by a 43.4 per cent increase in trading income to N52.1 billion.

Zenith Emerges Best Bank in Nigeria Back-to-Back

Objective criteria considered included: growth in assets, profitability, geographic reach, strategic relationships, new business development and innovation in products.

Green banks and national climate funds have a key role in mobilizing funds for low-carbon, climate-resilient development in Africa: report

The ground-breaking study, released on Tuesday 23 March, is expected to underpin development of a multi-country climate finance initiative in Africa

Bank of Kigali named best bank in Rwanda

“This award comes as a true testimony of our dedication to provide the best financial services to our customers, despite the challenges brought by the pandemic,” said Diane Karusisi, Bank of Kigali CEO.

Banking profits plunged by R50bn in 2020

Largely due to the sharp increase in provisions for bad debts.

FNB acquires fintech company Selpal in township push

This includes card/QR payment acceptance, access to credit and various insurance products – helping to grow and develop community-based businesses in a similar way that most formal businesses are able to via the formal financial system.

Capitec still the best bank at keeping customers happy

The survey uses a number of factors to arrive at an overall customer satisfaction score: customer expectations, perceived quality and value, customer complaints and resolution, customer loyalty, and the perceived fair treatment of customers.

Union Bank declares 25 kobo dividend

The board of directors of Union Bank of Nigeria Plc has recommended payment of a dividend per share of 25 kobo to shareholders as return for the 2020 business year.

Co-op Bank retains Sh5.86bn dividend payout amid 24pc profit fall

The group has taken loan loss provisions of Sh8.5 billion in appreciation of the challenges that businesses and households are grappling with from the disruptions occasioned by the ongoing pandemic,”

KCB set to inject Sh3bn more in National Bank

KCB had planned to provide the additional capital last year but delayed.

Sidian to sell firms’ assets to recover Sh20m debt

Court papers indicate that in mid-2019, the bank agreed to extend two loan facilities to the company.

Nigeria’s most valuable bank, GTBank posts a Profit After Tax of N201 billion

Guaranty Trust Bank proposed a final dividend of N2.70 per share, translating to a dividend yield of 9.1% based on the last close price.

Women-led SMEs to benefit from Equity Bank’s SME Guarantee

This is also part of the bank’s commitment to Sustainable Development Goal 5 on Gender Equality on empowering all women and girls by using finance as a major catalyst to enable them to transform their lives and pursue their aspirations.

Capitec Once Again the Bank with the Happiest Clients

Sacsi notes the pandemic and ensuing lockdowns accelerated digital adoption and reliance on self-service channels.

Ecobank launches super rewards scheme

Fifty customers with the highest deposit will be rewarded with N25,000 every week.

Absa earnings decline; 7% pre-provision profit growth indicates positive underlying performance

Earnings and returns improved materially in the second half of the year as lockdown restrictions eased, particularly in South Africa

Zenith Bank pays N94.19b full-year dividend to shareholders

The Group’s increased retail activities translated to a corresponding increase in retail deposits and loans.

SARB to hold but is a rate hike around the corner?

So Monetary Policy is stimulatory enough.

Nedbank decides against final dividend for 2020

Revenue of R46.53 billion, was down 3.6%, while the group has decided not to declare a final dividend for 2020.

South Africa’s best and worst banks according to customers

The move towards a tech-driven digital-first approach was already in motion before the pandemic, Sacsi said, but was accelerated at unprecedented levels.

Retail Banking