David Hodnett, deputy chief executive at the time, maintained that senior leadership at Barclays Africa Group Limited (BAGL) was kept in more or less the dark about the announcement.
Stanbic IBTC Bank PLC, Chief Executive, Dr. Demola Sogunle, also shared the bank’s commitment to support and strengthen the Nigerian community through financial education, leadership, health, environment, and charitable conditions.
The provisions for loan losses by commercial banks in the country have continued to drop, thereby raising hopes of higher returns on investments for shareholders, THISDAY has learnt.
In a recent statement the South African bank noted that the actual number of employees who will ultimately exit the employ of Standard Bank SA could be lower, as new opportunities will become available in the new operating model.
Launched in 2001 as a micro-lending business, Capitec is positioning itself as a full-fledged bank with no-frills account, savings and insurance and credit card products to cut its reliance on unsecured loans, which rely solely on a customer’s promi
The lender’s response to the rate cap included launching Timiza, a mobile lending app, and hiring a chief data officer.