Managers of Wealth Africa

South African Banks to See Limited Fallout from Debt Downgrades

Bank ratings are capped at the level of the sovereign, which means the likes of Standard Bank Group Ltd. and FirstRand Ltd. will see their ratings fall.

Capitec’s app now features QR code-based Scan To Pay

Another reason for the rollout of this new tool is the recent issues surrounding the interoperability of Masterpass, which has seen its agreements with local QR payment platforms falter.

Why the CBK isn’t losing any sleep over banks sinking profitability

In spite of falling earnings occasioned largely by higher costs of covering potential loan defaults, banks sound capital and liquidity positions have barely been rattled.

GTBank’s nine-month pre-tax profit falls to N167.35bn

“It is also testament to the enduring loyalty of our customers, the hard work and dedication of our staff and the unwavering support we continue to enjoy from all our stakeholders in our drive to deliver best-in-class financial services and superior

UBA takes agency banking to 20 African countries

The bank has also introduced new products, including the click credit where the lender has been able to disburse credit facilities to over 50,000 customers since it was introduced in the first quarter of 2020.

Co-op Bank Q3 net profit declines by 10 percent

Its net loans and advances grew by six percent to Ksh284.2 billion ($2.84 billion) from Ksh268.9 billion ($2.68 billion) while investment in government securities increased by 50 percent to Ksh142.3 billion ($1.42 billion) from Ksh94.6 billion ($946 milli

OIGARA: KCB has posted reasonable returns despite harsh times

This made credit quality deteriorate significantly across all segments and banks, which have traditionally been the providers of credit have been badly affected.

Union Bank grosses N118.8b in Q3

The report also showed that non-interest income rose by 23 per cent from N27.1 billion to N33.4 billion, driven largely by increased trading income and asset revaluation gains.

Co-op Bank Q3 net profit declines by 10 percent

This is reflected by a surge in interest income and loan book during the nine months to September 30, 2020.

Banks urged to adapt to shifting customer expectations post Covid-19 pandemic

Shedding light on emerging technologies, Victor Yaw Asante stated that the fourth industrial revolution technologies will drive higher levels of customer experience and productivity in the banking industry.

Turnaround For Sidian Bank As It Records Profits In Q3 of 2020

The balance sheet grew by 38 percent to Ksh33.6 billion from Ksh24.2 billion in the prior period.

Nedbank credit card users hit by “sneaky charges”

Knowler said there is a legal question mark around some of these fees.

Ecobank Wins Awards

According to the organisers, the “Digital Jurist” is an assessment tool created by digital experts at Phillips Consulting to evaluate the effectiveness and performance of digital platforms.

SA forecast to lose 1.5 million jobs

With 6.5 million jobs shed in nine months of 2020 – peaking during the hard lockdown – some sectors were expected to bounce back faster than others.

Moody’s Investor Service affirms African Development Bank’s AAA credit rating

The ‘AAA’ rating from Moody’s follows earlier affirmations of the ‘AAA’ rating of the Bank, with stable outlook, by the other leading rating agencies

Credit Bank named best SME, mobile banking lender in Kenya

This was at the global International Business Magazine Awards 2020

UBA Unveils Digital Products to Drive Retail Banking

Altraide added that already, over 50,000 people have benefited from the facility, noting that customers can access up to US$1,000 to 5,000 in a matter of seconds.

Zambia on the brink of defaulting on foreign debt

If Zambia does default it would become Africa’s first country to default on sovereign debt since the coronavirus pandemic.

African Digital Banks Make Money Moves Despite Challenge Before Challengers

Beyond that, the bank also assists its customers in making better financial decisions through proper financial planning, like budgeting.

‘Technology, Innovation Will Drive Nigeria’s Banking Sector Post-COVID’

Bajomo appreciated the outgoing president, Dr Segun Aina and the governing committee of the association “for the remarkable accomplishments during the last two years.