Imagine a branch where long queues are a thing of the past, even during traditionally busy periods, where innovation not only drives convenience, but also has tremendous environmental benefits; and technological advances support a safe and convenient 24-hour banking experience. Such features are set to become the new standard in South African banking halls with
First National Bank will open five new branches this year including in Chipata, Solwezi and Chingola as it continues to extend its services in to the unbanked population. And FNB Zambia chief executive officer Sarel van Zyl has noted that the bank has achieved significant growth during its four years of business in Zambia. Speaking
National Bank of Kenya has re-branded itself as part of a new strategy aimed at transforming it into one of the top tier banks in the country in the next five years. Announcing the new move at a dinner in Nairobi today, NBK Managing Director, Munir Ahmed, said that the bank is seeking to grow
Equity Bank has notified the NSE, Capital Markets Authority and CBK of its decision to reorganize its finance function both at the Group level as well as the Kenyan subsidiary. The Board reached this decision following transitions that have taken place at the top level management of this function within the Group. Releasing the new
Guaranty Trust Bank plc was conferred with the 2013 African Bank of the Year Award by the African Banker Magazine at a well attended ceremony on May 29th, 2013 in Marrakech, Morocco. The African Banker Award recognizes financial institutions across the continent that have emerged as industry leaders and continent trend setters, due to good
Standard Chartered Kenya has announced a pre-tax profit of KShs 2.7 billion for the period ended 31 March 2013. Total income remained flat at KShs 5.4 billion with loans and advances up by 22% to KShs 117.3 billion. Financial Highlights: • Net interest income grew by 2% to KShs 3.7 billion driven by strong growth
The Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, CON, has been conferred with the 2013 Africa “Central Bank Governor of the Year” Award by the renowned IC Publications Group, in collaboration with Business in Africa Events, at Marrakech, Morocco. The Central Bank Governor’s Award, which is the third for Sanusi
Kalixa Group today announced that it has been selected by MasterCard® to issue a version of its award winning Kalixa Pay prepaid card to every newly accredited acquirer for testing. The card enables live testing of MasterCard acceptance – including online and PayPass™ transactions – to ensure a simple, seamless and secure integration process for
Capitec Bank has issued a statement to say that they do not agree with the comments in the Business Times article by Thekiso Lefifi titled ‘Capitec bubble about to burst?’. They claim it created an incorrect perception of the way the bank does business. They say there are factual errors in the comments which are misleading
JPMorgan Chase announced that Mike Passilla has been named chief executive officer of Merchant Services. This newly created role will oversee Chase’s growing payments and merchant services business including Chase Paymentech, Chase’s merchant offers business, as well as Chase’s recently-announced merchant payments initiative. In 2012, Chase Paymentech processed 29.5 billion transactions with a value of
