Managers of Wealth Africa

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.

Absa still losing customers

Entry-level segment leads the decline.

Banks owe telcos N42bn for USSD services, says NCC

“Therefore it is expected that for this service someone should pay. No service is free. The investment in infrastructure that is driving the USSD service is a huge investment that the telcos made.”

KMRC credit to mortgage lenders hits Sh2.8 billion

The Treasury-backed lender offers banks and saccos cash for onward lending to home buyers.

Bad loans take shine off Kenya banking stocks

Until there is some certainty about it, they (investors) will be slow to expand their investments in banking equities.

S.Africa's Absa holds off on dividend, reports 58% profit drop

Profit slump around middle of forecast range

Standard Bank aims to win African banking arms race, says CEO

Sim Tshabalala says bank is well positioned and will allocate more capital to building its African platform

Nigerian Banks to stop “instant completion” for forex transfers online

You can no longer transfer forex online without documentation and subsequent approval of the bank.

Retail Banking