11/26/2020
Kenyan bank signs deal to acquire businesses in Rwanda, Tanzania
KCB Group CEO and MD Joshua Oigara said the deal will support the bank’s business growth in the post COVID-19 macroeconomic recovery.
Retail Banking
11/25/2020
One SA unit trust would have almost doubled your money in a year. Here are the best, worst funds
South Africa’s top retail unit trust over the past year was the IP Global Momentum Equity Fund.
11/25/2020
Nigeria’s Big Five Banks Report 2.4% Profit Growth In Nine Months
Nigerian Minister for Finance, Budget and Planning, Zainab Ahmed on 21st May gave an indication of what is currently manifesting in her report to the National Economic Committee (NEC).
11/25/2020
Absa launches new business account for startups
The account also allows entrepreneurs to generate a VAT report to assist them in filing returns to the South African Revenue Service.
11/25/2020
SA 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.
11/25/2020
Standard Bank Instant Money extends cash out points to 15,000 retail locations
This sought-after service is particularly in demand at month-end, during long weekends, school breaks and holiday periods.
11/24/2020
Equity wins SME Bank of the Year at global finance awards
COVID-19 has challenged the normal operations for many SMEs in Kenya and across Africa
11/24/2020
Zenith Bank Sets a New Record, Posts N508.979 Billion Gross Earnings in Nine months
Operating expenses expanded by 11 percent to N196.279 billion during the period under review, up from N176.941 billion filed in 2019.
11/24/2020
Nigerian banks posted marginal profits during lockdown, despite slow economic growth
Others are Fidelity Bank at ₦9.1 billion, Union Bank ₦4.31 billion, Sterling Bank at ₦1.96 billion, Wema Bank at ₦1.15 billion and Unity Bank at ₦543 million.
11/24/2020
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.
11/24/2020
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.
11/23/2020
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.
11/23/2020
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
11/23/2020
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.
11/20/2020
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
11/19/2020
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.
11/19/2020
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.
11/19/2020
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.
11/18/2020
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.
11/18/2020
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.