Ecobank Transnational Incorporated has been declared the most valuable brand in Africa – outside South Africa – in the annual ranking of the global banking and financial magazine ‘The Banker’ in its special edition Brand Finance Banking 500 of February 2014. Present in more African countries than any other bank in the world, Ecobank has
Guaranty Trust Bank plc (GTBank) has now concluded the acquisition of a 70% stake in Fina Bank Group, after securing the required regulatory approvals in the 3 East African countries – Kenya, Rwanda, Uganda as well as in Nigeria. GTBank acquired a 70% stake in Fina Bank Group through a combination of capital injection as
The Managing Director of Guaranty Trust Bank Ghana; Mr. Lekan Sanusi, says banks must strive hard to be innovative as without this they risk going out of business. “Without innovation you can’t continue to remain as a business in the minds of the customers. Customers must be able to know that there’s always something new
FNB has expanded its dotFNB branch footprint by opening the first cashless bank branch on the West Rand. The new dotFNB branch has opened at Cradlestone Mall, the newly developed shopping complex in Mogale City. Following the success of the first dotFNB branch, which opened in April 2012 at Nicolway Shopping Centre in Bryanston, a
Citi has launched its redesigned Citi Mobile app for iPhone and Android devices to provide U.S. banking and credit card customers with new and enhanced mobile account management capabilities. New features, a cleaner, sleeker design, intuitive navigation and alerts on-the-go have been added to make it faster and simpler for customers to check balances, transfer
Standard Bank Group (Standard Bank or the Group) and the Industrial and Commercial Bank of China (ICBC) have entered into a sale and purchase agreement in terms of which ICBC will acquire a controlling interest in Standard Bank’s London-based Global Markets business. ICBC will acquire, for cash, 60% of Standard Bank Plc, the Group’s UK
Kenya’s NIC Bank has announced the launch of NOW mobile banking, a platform that facilitates efficient, on-the-go financial services including online cheque deposits. The company has developed a mobile application and online banking service. “This strategic shift is an answer to the emerging “NOW” generation that demands everything on their fingertips. Through this strategy, we
The African Guarantee Fund (AGF) has entered into an agreement with Diamond Bank to support the bank’s lending to small businesses in West Africa to the tune of USD 25 Million. Speaking at a press conference held after the partnership agreement signing ceremony, Executive Director – Retail Banking, Diamond Bank PLC, Mr. Uzoma Dozie, said
Nedbank Limited, has selected Oracle FLEXCUBE to modernize its infrastructure and improve operating efficiency and customer service delivery. To help consolidate business operations and enhance the customer experience, Nedbank Limited will deploy Oracle FLEXCUBE to establish a single operating platform for its multi-country operations across five South African countries – Lesotho, Malawi, Swaziland, Namibia and
Standard Chartered has announced the opening of an onshore banking subsidiary in Angola, together with ENSA, a leading Angolan insurance company. The Bank has signed a joint venture with ENSA in which Standard Chartered is the majority shareholder, with 60% of the share capital of the bank, and ENSA with 40%. The subsidiary, which will
