In its most recent survey of web users, Alexa (www.alexa.com) noted that FNB was the only banking website in the top 10 sites in Africa and was the most popular banking website on the continent. Typically, national or regional news-based websites dominate the top 10. As a specialised banking site primarily aimed at the bank’s
Equity Bank Group’s profits after tax jumped 22 percent to Kshs 3.21 billion from Kshs 2.63 billion posted within the same period last year. Despite a challenging business environment characterized by uncertainty from the recent general elections and falling interest rates, prudent cost and risk management saw Equity Bank’s total income rise by 13 percent
The Nigerian National Identity Management Commission (NIMC) and MasterCard today announced at the World Economic Forum on Africa the roll-out of 13 million MasterCard-branded National Identity Smart Cards with electronic payment capability as a pilot program. The National Identity Smart Card is the Card Scheme under the recently deployed National Identity Management System (NIMS). This
Centenary Bank of Uganda has unveiled CenteMobile, a mobile banking service for its customers. The service supports funds transfers, account and statement queries as well as airtime purchases and bill payments. It can be accessed on all mobile networks including MTN, Airtel, Warid, Orange and Uganda Telecom. The service is supported for both simple and smart phones.
FNB Mozambique has been awarded the PMR.Africa Golden Arrow award 2013 for Personal Banking Excellence. The awards were conferred by PMR Africa (Performance Management Review), a research consultancy, at an awards ceremony held in Maputo yesterday. Rated by over 150 CEOs, MDs, business owners, company directors, and Government officials based in Mozambique, the award recognizes
Barclays Bank of Ghana is providing 24-hour access to financial services delivered at the ATM, enabled through NCR Corporation software. Barclays, which has operated in Ghana for more than 95 years, has installed 29 NCR SelfServ 34 ATMs featuring intelligent deposit, allowing Barclays customers to deposit cash without an envelope and get immediate, on-screen validation
Dutch bank, Rabobank Group has received permission from the Central Bank of Uganda to take a stake of 27.5% of the shares of ownership in the dfcu Bank, ranked 5th among the licensed commercial banks in Uganda. The partnership will be managed by subsidiary Rabo Development, which actively participates in 7 partner banks in developing
National Bank of Kenya has launched an Islamic banking window as it seeks to expand its business portfolio into the retail and corporate segments. The window, called ‘National Amanah’, is targeted at retail, SME and corporate clients offering banking products and services in compliance with Islamic shariah. Though based on Shariah compliance the products and
Global Finance magazine, in their yearly exclusive survey, has just announced the World’s Best Emerging Markets Banks for 2013. Winners are assessed and selected by Global Finance editors, industry analysts, corporate executives and banking consultants. Decisions are based on growth in assets, profitability, strategic relationships, customer service, competitive pricing, and innovative products. Included in this report are the
Angola’s leading ATM network operator will in future be using Wincor Nixdorf’s ProView software to handle IT service management for its 2000 self-service systems. EMIS, a company that is majority-owned by Angolan banks, aims to use the solution to improve the availability of the systems. At the same time it is expected that the
