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Ecobank Group Reports FY 2020 Profit Before Tax of $174 Million ($338 Million Excluding Goodwill Charge), EPS of 0.010 US Cents, Total CAR of 12.3%, and Record Deposit Growth of $2.0 Billion to $18.3 Billion

Group CEO Commentary Ade Ayeyemi, Ecobank Group CEO, said: "2020 was a year which tested the resilience of the human spirit in rising to the many challenges as governments, businesses and Read More →

Equity Group Holdings Plans Trans-Africa Expansion with USD $100 Million (Ksh 11 Billion) Loan from the African Development Bank (AfDB)

  • The facility will support Equity’s expansion in East and Central Africa and ensure MSMEs have access to capital to recover and thrive in a Post COVID-19 Environment

United Nations Uganda and Equity Bank Uganda Establish New Partnerships for Acceleration of Attainment of the SDGs

  • The new partnership will promote social inclusion and improve economic outcomes and human development as well as contribute to the social economic transformation of Uganda

Absa Earnings Decline; 7% Pre-provision Profit Growth Indicates Positive Underlying Performance

Absa Group Ltd., one of Africa’s largest financial services provider, has reported a 51% decline in normalised headline earnings to R8 billion after impairments nearly trebled to R20.6 billion amid Read More →

Standard Bank | Digital Assets and the Evolving Role of Banks as Custodians

Masha Maharaj, Head of Custody, Investor Services, at Standard Bank South Africa As retail and institutional investors embrace digital assets, with cryptocurrencies fast becoming a mainstream asset class and blockchain technology Read More →

FirstBank CEO Lists Technology, Capacity as Key for Post-COVID-19 Growth

…Thumbs up mobile banking (FirstMobile) and USSD (*894#) platforms By Bolaji Israel Dr Adesola Adeduntan, Chief Executive Officer, First Bank of Nigeria Limited said technology, innovation and enhanced capabilities have become necessary Read More →

RBR | Sophisticated ATM Software Transforming Self-Service Space

Banks are looking for greater flexibility and functionality to enhance the customer experience at their ATMs and advanced software is helping them get there In recent years, banks across the world Read More →

The Battle of the Banks in Customer Loyalty and Satisfaction Stakes Hits a High in Digital COVID Economy

When South Africa entered into a hard and extended national lockdown on 27 March 2020, banks responded rapidly and empathetically to their account holders' financial crisis. According to the Banking Read More →

FirstBank Promotes Cross Border Payments in Sub Sahara Africa with First Global Transfer

First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, has announced the launch of First Global Transfer (FGT) to promote international transfer of funds across its Read More →

Absa Earnings Decline; 7% Pre-provision Profit Growth Indicates Positive Underlying Performance

Absa Group Ltd., one of Africa’s largest financial services provider, has reported a 51% decline in normalised headline earnings to R8 billion after impairments nearly trebled to R20.6 billion amid Read More →

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