Standard Bank Group (“Standard Bank” or “the group”) delivered record headline earnings of R34.2 billion for the twelve months to 31 December 2022 (FY22 or the current year), up 37% on the prior year. The group recorded continued client franchise growth across all its businesses and geographies. RESULTS OVERIVEW “We delivered strong earnings growth which
*Salient points Revenue increased 15% to R98.9 billion Operating costs rose 7% to R50.9 billion Cost-to-income ratio improved to 51.5% from 55.2% Pre-provision profit increased 25% to R48 billion Impairments increased 61% to R13.7 billion Headline earnings per share increased 13% to 2486 cents Return on equity improved to 16.6% from 15.8% Group CET 1
The partnership aims at bringing more unbanked and underbanked Egyptians into the formal economy Mastercard’s collaboration with NBE will focus on expanding the suite of digital payments in Egypt The National Bank of Egypt (NBE) and Mastercard have announced a new strategic partnership to bring next level digitization into the Egyptian economy. Through this collaboration,
Millions of Telkom customers can now easily and safely pay their phone bills, recharge and buy new service bundles in WhatsApp Clickatell (www.Clickatell.com), the Chat Commerce and business messaging leader, has launched their Chat 2 Pay feature for South Africa’s largest integrated communications company, Telkom (www.Telkom.co.za). Telkom’s millions of customers can now make payments in
The company’s focus is on the SME segment, where it seeks to replicate its success in the UAE Network International Holdings Plc, preliminary financial results update Network International (Network) (https://www.Network.ae), the leading enabler of digital commerce across Africa and the Middle East, today announced its preliminary financial results for the year ended 31 December 2022.
Truzo’s UK digital escrow service enables African businesses to transact with trust, offering lower fees to help fight inflation Truzo, the first African-focused FCA-approved digital escrow service, officially launches in the UK this week. An established and fast-growing player in South Africa, Truzo now makes transactions between the UK and South Africa safer and more
Cross Switch Ghana is set to leverage its payments and technology infrastructure to digitise merchant payments, collections and disbursements for ecommerce, remittances as well as for financial inclusion Cross Switch Ghana LTD, and Cross Switch (https://www.Cross-Switch.com) International S.A.R.L. are pleased to announce that Cross Switch Ghana LTD has obtained approval from the Bank of Ghana
The training programme equips business owners and entrepreneurs with the requisite skills on starting a business, how to better manage their enterprise and make informed business decisions It also seeks to drive resilience and growth via free, relevant, accessible and credible online educational resources Ecobank Group, through its Commercial Banking division and supported by the
Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, the leading pan-African banking group, is pleased to announce that Jeremy Awori has officially assumed his role as Chief Executive Officer of the Ecobank Group. Jeremy Awori, commenting on his new role, said: “It’s a fantastic opportunity to take Ecobank to the next level of
Investment in devices deployed both in the back office and at the point of sale is increasing, with more than 900,000 units installed globally at end-2022 Security concerns drive smart safe expansion RBR’s brand new study, Retail Cash Automation 2023, reveals that the number of back-office cash automation devices installed globally, including smart safes and
