Managers of Wealth Africa

Rand Merchant Bank Wins Award

“This was an important transformation for our business, and we are thrilled to be recognised as an innovative and outcome-driven bank.”

These are the most complained-about banks in South Africa

Internet banking complaints decreased and is no longer the largest category of complaints received

UBA, Zenith, seven others grow customer deposits to N30.81tn

Customer deposits in Guaranty Trust Bank Plc increased to N3.60tn in March 2021 from N3.51tn in December 2020 while that of Fidelity Bank Plc rose to N1.75tn from N1.69tn.

Standard Chartered Bank 2020 net profit down 42%

“Our performance remained buoyant in the face of the extraordinary challenges posed by the pandemic and associated economic contraction,” Saltson said.

South Africa’s most exclusive bank accounts for the super rich – what they cost and what they offer

Private banking group Investec has previously been mum on its salary requirements to qualify for an account but has now invited people who earn over R800,000 annually to apply.

Kenya’s I&M completes majority acquisition of Orient Bank

The Group is said to have already made noteworthy investments in its robust infrastructure as part of its digital transformation journey.

Access Bank Targets Domination

For the year ended December 31, 2020, posted gross earnings of N764.7 billion, showing a growth of 15 per cent from N666.8 billion in 2019.

Banks post record Sh46bn gross profits in first quarter

The CBK survey shows the quarter’s profitability has been helped by a sharp drop in new provisions due to a drop expected in loan losses and recovery efforts,

Zenith, Access, others move to acquire Union bank, other African assets of Atlas Mara

Atlas Mara has been working with Rothschild & Co. to consider options for its Union Bank stake.

SA’s Absa Bank negotiates $150mln from IFC for green projects

Absa wants to increase its financing in projects targeting biomass and renewable energy.

Shareholders Hail Sterling Bank

He noted that in line with the commitment to drive operational efficiency across the organisation, the bank achieved a 2.5 per cent reduction in operating expenses as it continues to leverage on past investments made in technology.

Babalola, Hassan-Odukale Visit FBN Group

The chairmen held a meeting with the executive team of the Group further to their recent appointments by the Central Bank of Nigeria.

Treasury removes 20pc excise tax on bank loans

The 20 percent excise tax was introduced in 2018, triggering an increase in the cost of bank services, including loans, transfers — both local and international — over-the-counter withdrawals as well as ATM transactions and account operating f

QNB receives Most Promising Commercial Cards Program in MEA region award

Our long-standing partnership with QNB is a testament to our commitment of catering to discerning Qatari businesses and driving digital transformation in the country.”

Shareholders laud Union Bank

She noted that in the face of the lockdowns and disruptions caused by COVID-19, the bank pivoted to remote work for over 70 per cent of its employees at the height of the pandemic

Grobank Renamed As Access Bank South Africa After Acquisition

A statement titled ‘Grobank formally becomes Access Bank South Africa’ said the deal was finalised after Access Bank’s acquisition of controlling shares in the former Grobank Limited, South Africa.

World’s Best Banks 2021: Africa

Africa’s Best Banks adapted to help clients and communities.

UBA wins ‘Bank of the Year’ at Independent Newspapers Awards

Pan-African financial institution, United Bank for Africa (UBA) Plc added to its growing list of laurels at the Independent Newspaper Awards, winning the Bank of the Year.

Corporate reorganisation approved by shareholders, says GTB

In a statement titled ‘Update on ongoing Guaranty Trust Bank Plc corporate reorganisation’ on Tuesday

Graphic, GCB Bank forge stronger ties

We want to play a role in making sure that you get there.

Retail Banking