Loisa Mwangi was glad that after waiting for weeks in vain for her savings and credit co-operative society to approve her loan request of Sh50,000, a commercial bank finally agreed to process the amount within 24 hours.
A knock on the profit of banks is expected as the Central Bank of Kenya moves to have local banks comply with global standards on risk management known as Basel II.
Bank Windhoek has rolled out its third leg of the consumer education campaign. The educator and ambassador for the campaign, Stefan Ludik, will visit 27 identified schools in the northern and central regions.
NEDBANK plans to put wheel and tyre manufacturer Tiger Wheels into liquidation to salvage its "structured loan" in Tiger subsidiary ATS Light Alloy Wheels, it said yesterday.
There were strong indications last weekend that the National Insurance Commission (NAICOM) may again turn the searchlight on insurance companies nationwide as the regulatory body embarks on fresh verifications exercise.
President Ernest Bai Koroma last Friday lauded the efforts of the West African Insurance Institute (WAII ) for attaining academic distinction as it continues to attract many students in the sub-region.
First Allied Savings and Loans Limited, over the weekend organised a two day training workshop for its customers in Kumasi, on the advantages of using the E-Zwich platform for business transactions.
After fruitless attempts by the 'financial controller' of Ghana's hockey team, Mr. Clement Tettey, to access the team's finances via the Ecobank Visa card in Cairo, where Ghana is participating in the 9th U-21 hockey championship, the situation has now
From the seventh position in 2007, Oceanic Bank International Bank Plc has emerged the number one bank in Nigeria , according to a recent financial report from the reputable and widely acclaimed global financial intelligence,
In the last few years, customers of Standard Chartered have chaffed at their bank's inability to keep up with advances in information communication technology.
PRESIDENT Thabo Mbeki yesterday transferred control of the beleaguered Land Bank from the land affairs department to the treasury, in what is seen as a last-ditch effort to revive the plundered institution and allow it to resume its crucial role
Total deposits held by commercial banks closed the month of April 2008 at P33 billion, representing a 22 percent increase from P27 billion last year, which could be a signal of improved confidence in the financial services sector as the
SEASONAL factors and a difficult economy are behind a slight drop in residential rental activity levels in the second quarter of this year, according to the latest First National Bank (FNB) residential rental property barometer.
That 700 experts from five continents, Africa, Europe, America and Asia could assemble on one place for four days to discuss Africa's development is something to talk about.
COULD there be anything in the unlikely market rumour that Old Mutual management might consider a private equity buyout? Be warned: the notion is totally speculative.
