Microfinance bank losses hit Sh1.4bn

Market leader Kenya Women Microfinance Bank, formerly KWFT, was the major casualty closing in a loss-making position Sh1 billion.EoBxu4o9SxIP6tYGRz2l4LgBKKAR1IM.Q


Ecobank Fighting the Sustainability Battle

The bank fell short of key performing parameters for deposit money banks in the review period with deposits from customers dropping by 3 percent while loans and advances to customers declined by 6 percent.


Capitec completes acquisition of Mercantile Bank

Mercantile was offered for sale by its shareholder, Caixa, a Portuguese bank, due to it divesting from non-core operations outside of Portugal as part of its recapitalisation plan.


CalBank nominates Philip Owiredu as CEO

It said over the years, he had built strong relationships with other banks and financial partners, operators and international development finance institutions


AfricaWeb staff among top 50 most influential marketers in Ghana

The ranking provides a list of heads of marketing, sales, and commercial of various companies in Ghana who are doing exciting things to put their companies out there and record impressive marketing performance according to Prince Akpah, MD of Avance Media


GTBank releases third-quarter results

The Bank’s non-funded income rose by 52% as at September 2019 to close the third quarter at GHS 169M from GHS 111M over the same period last year.


12 banks post N704.75bn profit in nine months

The lenders are Access Bank, Zenith Bank, United Bank for Africa (UBA), Guaranty Trust Bank (GTbank), FBN Holdings, Ecobank Transnational Incorporated (ETI), Stanbic IBTC and Fidelity Bank.