The change underlines the rising popularity of the mobile money in transactions where many banks, mobile lenders, savings and credit societies and merchants have also been linking up with the mobile banking services to improve their product offer.
Competition between mortgage lenders, and buyers less depressed about South Africa, helped push up the number of loans, though mostly at the higher-priced end of the market.
SIB senior associate research analyst Martin Kirimi said given that BCDC is much stronger than ProCredit was at the time of its acquisition, the least amount of money Equity will part with is likely to be twice the net assets of the lender.
KCB Bank works with several multinational companies in different industries such as motor vehicles, retail, household consumer products etc.
The bank’s recorded improved performance in the half year(H1) ended June 30, 2019, as its audited results showed gross earnings of N324.4 billion, indicating a growth of 28 per cent from N253.0 billion in the corresponding period of 2018.
Seeing the bright young pupils as their names are called out, with their expectant faces looking forward to an education in top-notch global universities, and a rewarding career afterwards when they graduate, is always a memorable sight to behold.
Looking at the number of women present here today, I don’t think the initial N4billion we set aside to help women will be sufficient and based on that, the initiative fund will be increased to N10 billion.