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Kenyan Banking Sector Records Improved Performance in 2012

The Central Bank of Kenya says that generally, the banking sector was sound and stable and recorded improved performance in 2012 as indicated by Total net assets which increased by Read More →

Nedbank Expands into Mozambican Banking Industry with Banco Unico

Nedbank is entering the Mozambican banking market by acquiring an initial 36.4% shareholding in Banco Unico for $24.4m, subject to various conditions and regulatory approvals both in Mozambique and South Read More →

CitiDirect Online Banking Ranked #1 in Benchmarking Study

CitiDirect Banking Evolution, Citi’s institutional online or e-banking platform, has again been ranked number one in Greenwich Associates’ Online Services Benchmarking study. This is the fifth consecutive year that Citi Read More →

Eight Charged in US for $45 Million Bank and ATM Cybercrime Campaign

A four-count federal indictment was unsealed in Brooklyn, USA charging eight defendants with participating in two worldwide cyberattacks that inflicted $45 million in losses on the global financial system in Read More →

South Africa’s FNB Has The Most Popular Banking Website In Africa

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 Read More →

Equity Bank Grows Profit Before Tax By 22 Percent and Customer Base To Over 8m

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 Read More →

FNB Mozambique Wins Award for Personal Banking Excellence

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 Read More →

Rabobank Takes a 27.5% Stake in DFCU Bank of Uganda

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 Read More →

National Bank Eyes Growth With Islamic Banking

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 Read More →

Global Finance Names The World’s Best Emerging Markets Banks In Africa

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 Read More →

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