The Managing Director of GCB Bank, Mr. Anselm Ray Sowah, says assuming the management of UT and Capital Banks is a strategic move in the interest of the Bank. “It was not an overnight decision to take over those two banks. I am hopeful that the expansion of GCB will bring profit,” he said. Answering
The bank’s performance is pleasing when considering the muted levels of credit demand, low levels of business and consumer confidence and subdued economic growth in the reporting period. FNB lifted its earnings by 8% domestically with profit before tax increasing by 22% in the Premium segment and by 15% in the Business segment. The bank’s
The SARB welcomes the signing into law of the Financial Sector Regulation Act, 2017 by the President. This is the culmination of collaboration on financial sector reform by the SARB, National Treasury and the Financial Services Board over the past decade. The Financial Sector Regulation Act is the most fundamental reform of the South African
The financial services industry is under increased threat from cybercriminals who use ingenious methods to attack institutions and consumers. Cybercriminals are employing ever more sophisticated means to intercept online transactions and commit fraud. Banks, financial services companies and consumers are permanent targets in this online battleground, while countermeasures have to be able to track an
African Development Bank President Akinwumi Adesina and South African Minister of Finance, Malusi Gigaba, signed a Host Country Agreement on Friday, August 18, establishing the Bank’s Southern African Regional Development and Business Delivery Office in Pretoria, the country’s capital. The office will serve as one of five regional hubs for the pan-African development finance institution
Guaranty Trust Bank plc has released its audited financial results for the half year ended June 30, 2017 to the Nigerian and London Stock Exchanges. A review of the half year performance, shows positive growth across all key financial metrics and improved strategic positioning of the brand. Gross earnings for the period grew by 2%
With aspirations of becoming an African economic powerhouse, Ghana is partnering with organisations such as Mastercard to smartly integrate technology into all aspects of the economy – building for the future, a cashless Ghana. The Ghanaian Investment Summit will focus much attention on key areas including financial inclusion, meaningful innovation and the importance of sectors
De La Rue worked closely with the Royal Bank of Scotland and their partners on the design of the new £10 note which will feature the mathematician and astronomer Mary Somerville. It is the second in a new series of ‘Fabric of Nature’ themed notes made from De La Rue’s Safeguard® polymer material and contains
Emirates NBD is has launched ‘FaceBanking’, a live video chat service available online and via mobile calls. Customers can instantly connect with a Personal Banking Advisor for queries and transactions by a single button click on the bank’s recently revamped Website. The initiative forms part of the bank’s $136 million commitment towards digitalisation and multichannel
First Bank of Nigeria Limited in its drive to promote convenience and ease of business for customers has raised the limits on international transactions on Naira Cards to $1,100 monthly across ATMs, PoS, and online channels, with the daily ATM withdrawals raised to $300. Customers can now enjoy increased access to funds using the FirstBank
