Click here to read or make comments on this topic »
AllAfrica aggregates and indexes content from over 125 African news organizations, plus more than 200 other sources, who are responsible for their own reporting and views. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica.
The Group Managing Director of Intercontinental Bank Plc., Mammud Lai Alabi, yesterday in Lagos said that the bank has recovered a total of N78 billion from its debtors since August 14.
Despite the spills of the global financial crisis the banking industry still maintained it bullish mood attracting some $880 million in total assets in the year 2009.
Debt forgiveness to prominent Nigerians and companies is generating furore among shareholders, banking officials and other stakeholders who see it as politically-motivated and undue favour to beneficiaries.
The Central Bank of Nigeria, CBN, says only one apex microfinance banking organisation is acceptable in the sub-sector of the Nigerian economy.
The Federal Mortgage Bank of Nigeria (FMBN) has announced a rebranding campaign tailored to the pursuit of its mandate of assisting every Nigerian to own a house of his or her choice. The bank believes that the exercise would create a new corporate identity for the bank.
Bank Windhoek's Capricorn Branch was officially opened on Thursday, 19 November 2009 at an event hosted by the branch to celebrate its new name and relocation.
The Development Bank of Namibia (DBN) on Wednesday donated N$1 million towards the repair costs of two badly flood-damaged schools in the north.
RESERVE Bank of Zimbabwe (RBZ) governor Gideon Gono on Friday said the reintroduction of the Zimbabwe dollar is still a long way off, ending speculation the battered currency is on its way back. Over the past weeks, speculation has intensified that some sections of the inclusive government were preparing for the return of the reviled currency after President Robert Mugabe recently told villagers ...
"First National Bank of Namibia opened its doors more than 100 years ago and since then has been involved in giving back to communities to help them grow by supporting the economic well-being and quality of life for everybody."
BANKERS have been urged to learn sign language to aid deaf people in accessing banking services.
Mr Kwesi Bekoe Amissah-Arthur, Governor of Bank of Ghana (BoG), has challenged banks to double efforts in order to serve as financial mediators in transforming the economy for the better.
THE Uganda Insurers Association has retained the best business associations and community awards 2009, beating over 400 contenders to the crown.
STARTING and running a small business successfully is rewarding but as the business grows, it is likely that external financing will be required. For most business people, however, going to a formal financial institution to borrow money is always a challenge.
Chief of Army Staff, Lt Gen AB Dambazau last weekend commended the corporate social responsibility activities (CSR) of Skye Bank PLC, describing the bank as a responsive and responsible financial institution that is always willing to give back to the society.
Central Bank of Kenya is asking borrowers in East Africa to negotiate for loans at more affordable interest rates.
Bad loans continued to batter the East African Development Bank, which posted a second straight loss for the past fiscal year as investors held on to money they had promised to advance the Bank for on-lending.
Officials from the Economic Community of the Great Lakes Countries (CEPGL) member states of Rwanda, Burundi and DRC, along with experts from Belgium and the African Development Bank (AfDB), are meeting in the Congolese town of Goma to discuss the possibility of reviving the defunct regional development Bank, BDEGL.
Unity Bank Plc has deployed full banking technology at the on-going 30th Kano Trade Fair which is expected to end tomorrow, a statement from the bank said.
Kaduna State government is to obtain a N4 billion loan from the Central Bank of Nigeria (CBN) to strengthen its poverty alleviation programmes.
RESERVE Bank of Zimbabwe Governor Dr Gideon Gono has issued a stern warning to banks on their continuing reluctance to extend loans to the productive sectors of the economy.
As ATM frauds continue to rise in the banking industry, banks' customers have cried out in agony for the intervention of the Central Bank of Nigeria (CBN).
Insurance practitioners have begun moves to check the rising tide of fraudulent claims by customers estimated to constitute 12 per cent of total claims.
National Insurance Commission said it is working to ensure that complaints about un-settled insurance claim becomes a thing of the past in the nation's insurance industry
Diamond Bank Plc is packaging a financing scheme that offers customers an opportunity to acquire choice Peugeot cars without paying any interests on the principal.
Two new Deputy Commissioners have been approved for the National Insurance Commission (NAICOM) by President Umaru Yar'Adua.
Active Discussions: Banking and Insurance