Market leader Kenya Women Microfinance Bank, formerly KWFT, was the major casualty closing in a loss-making position Sh1 billion.EoBxu4o9SxIP6tYGRz2l4LgBKKAR1IM.Q
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.
It said over the years, he had built strong relationships with other banks and financial partners, operators and international development finance institutions
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
A Special Report on Africa’s top 100 Banks 2019 released by African business magazine – a subsidiary of IC publications, said Rwanda made its first appearance, with the smallest bank in the top 100 in 2018 making the cut with capital of $175m
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.
It said, “The upgrade now offers the best digitally-driven financial solutions that will make transactions simpler, faster, convenient and more secure.
“Savings deposits now accounts for about 22.3 per cent of total deposits, an attestation of our increasing market share in the retail segment,” he said