GCB Bank recorded significant growth in all key performance indicators during the first quarter of 2021, compared to the same period in 2020. Strong growth in customer deposits, revenue and increased focus on optimization of operating expenses were the key drivers of the performance. Profit for the period (before tax) amounted to GHS 181.39m, up
G-Money which was established in January 2020 registered its one-millionth customer on the 10th of April, 2021. The achievement of this milestone in just over a year shows strongly that G-Money is a force to reckon with in the mobile money services marketplace. The trailblazing product was set up to offer an attractive alternative to Mobile
The Bank of Mauritius (Bank) has joined the Organisation for Economic Co-operation and Development International Network on Financial Education (OECD/INFE). The OECD/INFE is a forum that brings together central bankers and policy makers from over 125 countries. It constitutes an important platform for the sharing of best practices and experience on the promotion of financial
Ade Ayeyemi, Ecobank Group CEO, said: “The firm’s performance in the first quarter was strong, despite the continuing challenging operating environment. Revenues increased 4% to $409 million, and we earned $100 million in profit before tax, an increase of 11% year-on-year. Earnings per share grew by 8%, and return on tangible equity was 15.7%. These
NCR Corporation, a global enterprise technology provider for the financial industry, and Google Cloud have announced a global strategic partnership. Under the terms of the agreement, NCR will expand cloud availability of its Digital Banking software portfolio, including NCR Channel Services for retail banking as well as its card and payments processing platform NCR Authentic. “This initiative expands the cloud deployment
The Banking Association South Africa (BASA) Transformation in Banking Report 2020 reflects the progress made by banks in transforming the industry and increasing economic inclusiveness and empowerment, despite constrained economic conditions. Significant progress was made on key metrics that track the transformation of the industry and its support for Broad-based Black Economic Empowerment in 2019.
Absa Group Limited has appointed Deon Raju as Chief Risk Officer, with effect from 1 June 2021. Deon is currently Absa Group Treasurer, primarily responsible for the liquidity risk, funding, capital, and non-traded market risks of the Group. He has been with Absa for more than 20 years, having held roles in Enterprise Risk, Finance,
Guaranty Trust Bank (Ghana) Limited and UnionPay International have signed a Memorandum of Understanding (MoU) to mark a partnership which will grow the footprint of UnionPay cards acceptance on the bank’s digital channels. The MoU was signed by the Chief Operating Officer of GTBank, Ayokunle Yusuf, and General Manager, Africa branch of UnionPay International, Luping
We refer to the Central Bank of Nigeria Limited (CBN) pronouncement on the reconstitution of the Board of Directors of First Bank of Nigeria Limited. Further to the press conference held by the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele CON on Thursday, 29 April 2021, the Boards of FBN Holdings Plc
Temenos SaaS provides launch-pad for Barko Financial Services to challenge incumbents with new retail banking services that are fast, efficient, and competitive With Temenos technology Barko Financial Services is helping 1.5 million South Africans access finance fast, in less than 4½ minutes, without visiting a branch; Using Temenos Infinity, BFS was able to reimagine the
