10/08/2020
Commercial banks strong enough to redeem bonds
For investors, lower profits are the first indicator of threatened ability to make loan and bond repayments, unless solid reserves exist.
Retail Banking
10/08/2020
South Africans can now buy R10 shares in major companies with FNB
The bank says that individuals in South Africa “will now have an opportunity to own shares from as little as R10 in some of the world’s best performing companies such as Amazon, Facebook, Apple, Microsoft, Netflix, Tesla, Coca Cola and Alphabe
10/07/2020
More than 84% of individuals and 95% of businesses received credit assistance [Partnered Content]
Companies that could count on this benefit could use the money they receive for operational expenses, such as salaries, rent and lease agreements, and contracts with suppliers.
10/07/2020
Ecobank, WAEMU’s main active bank in 2019
Within the WAEMU, Maghreb groups have more branches than local groups (42 against 37).
10/07/2020
South African digital bank hits major milestone – 5 months ahead of schedule
The group said previously that it was adding between 3,000 and 3,500 new customers daily.
10/07/2020
Capitec warns against new fraudsters scamming clients
In June the South African Banking Risk Information Centre (Sabric), on behalf of the banking industry, released its annual crime statistics for 2019, which showed that credit and debit card fraud had increased by 20.5 percent due to online transactions be
10/06/2020
Banking sector strong after reforms – Bank of Ghana
Going forward, favourable economic prospects in the near term and the gradual phase in of Basel II/III are expected to firm up gains achieved through the banking sector reforms, the report added.
10/05/2020
Africa Reinsurance Corporation (Africa Re) Group Selects DIFC For Middle East Expansion
The business will operate as Africa Re Underwriting Agency Limited (Africa Re) and the DIFC presence is their first office outside Africa.
10/02/2020
The Banker's Top 100 African Banks 2020
The International Monetary Fund forecasts that the country’s economy will continue to grow (albeit at a much slower rate) in 2020, making it the only one of the continent’s top five economies not to slip into recession as a result of the Covid
10/02/2020
UBA and finance minister discuss economic growth
“This shows true Pan-Africanism and strength as a global institution towards the improvement, investment for the development of Africa by Africans,”
10/02/2020
Nigeria: Access, Sterling to Adopt Holdco Structure
This follows the recent transaction with Cavmont Bank in Zambia and further embeds the bank's presence in the SADC region, one of Africa's most important trading blocs.
10/02/2020
Standard Bank looks to blockchain tech for insurance claims
Insurtech start-up companies in SA have also been unveiling several digital insurance products that are disrupting the market.
10/01/2020
First Bank disburses N17bn loans through e-platform
It said the loan disbursement was carried out through FirstAdvance, its digital lending solution.
10/01/2020
Banks faulted for wrongfully blacklisting customers at CRB
The High Court said transmitting information to the CRB from a system without verification is not only in breach of statutory duty but also the duty of care owed to customers.
10/01/2020
Access Bank to become holding company; moves into South African market
Access Bank also announced definitive agreements to bolster its market position in Mozambique and enter the South African market.
09/30/2020
After GTBank, Sterling Bank is restructuring into a holdings company
Although it started trading on the Nigerian Stock Exchange in 1992, it became fully privatised in 2000 after the government sold its stake.
09/30/2020
Access Bank gets regulatory approval to become a Holding Company
Access Bank has received approval from the CBN to restructure into a Holding Company.
09/29/2020
G-Money now available for fintech parters
The API launch which was held virtually at a webinar allows other financial technology services and payment processors to run the G-Money service on their individual service platforms.
09/28/2020
Large banks raise bond holdings by Sh250bn
Genghis Capital analyst Gerald Muriuki said this continued investment in government securities is a strategic move by lenders to cushion their bottom lines, especially from the impact of coronavirus.
09/28/2020
The OPEC Fund approves US$20m for SMEs in East Africa
The bank is expanding its resource mobilization activities to meet the growing financing needs of SMEs