08/10/2021
In the two months of May and June 2021, relative to the two months in the prior period, revenues grew, driven from stronger non-interest revenue, costs grew as incentives normalised and credit performance was significantly better, and the credit-loss rati
08/09/2021
Nedbank's share price rose more than 9% on Thursday
08/04/2021
Operating profit jumped to $476 million from $91 million during the same period last year
07/28/2021
The company in a statement said the Series 19 CP, which is part of the bank’s N100 billion CP Program, will help the organisation meet its short-term liquidity needs and grant them access to alternative and cheaper source of funding.
07/26/2021
Equity capital market underwriting fees at the highest since 2018
07/20/2021
The acquisition adds to Vista’s existing banking operations in Guinea, in addition to its banks in Burkina Faso, Sierra Leone and The Gambia.
07/19/2021
In 2020, in the wake of the pandemic, Stanbic Bank played a key role in economic recovery through forming partnerships to mobilize resources to combat the COVID-19 pandemic.
07/16/2021
Provides systemic liquidity and supports vital supply chains across Africa’s markets; Sustains and increases access to goods and services during the pandemic; Bolsters economic opportunities and inclusive growth, in markets such as Togo, Burkina Fas
07/15/2021
Global banks remain strong competitors to local and regional firms like Standard Bank in the international debt capital markets and in big M&A deals.
07/15/2021
The business this year ranged from structuring supply chain finance for Safaricom in Kenya, to providing trade finance to cotton farmers in Togo and helping automate annuity payments by Sanlam Life Insurance.
07/08/2021
The 203 million euro financing agreements, which benefit from 95 percent insurance cover by the African Trade Insurance agency ("ATI"), will fund four health and two transportation projects in Ghana
05/25/2021
Non-interest income rose 11 per cent to Sh2.48 billion to make up for the reduced net interest income.
05/19/2021
ATI has a good market position in Africa, based on the scale of its underwriting penetration and benefits from significant local expertise and understanding in a number of African countries.
04/30/2021
FirstRand's NPL ratio rose 109 basis points in 2020 to 5.04%, while Nedbank's surged 189 basis points over the same period.
04/23/2021
FirstRand which has $118 billion in assets, became the second global bank to exit India just within a week of Citigroup's decision.
04/22/2021
First Rand India is a licensed financial services provider in India and operates as a "branch" of FirstRand Bank South Africa.
04/22/2021
“This has been a key enabler to FirstRand’s investment banking business’s strategy to grow its offerings on the broader African continent, but which only requires a representative office to execute.”
04/13/2021
The value of M&A transactions with any sub-Saharan African company involvement reached $6.1bn, almost level with the same period in 2020, and a five-year low.
04/09/2021
The bank has been hiring for junior and mid-ranking talent to support Michele Cohen, its head of special purpose acquisition company origination in Emea
04/06/2021
Last spring’s seize-up in the global M&A market eased as companies rethought their business plans and sought a leaner profile.