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Africa Banking News. Service for global professionals. Constantly updated news and information about Africa Banking.
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Latest Africa Banking News

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  • Central Bank toughens on borrowers 27 Dec 2009 21:42 GMT
    ... The move is aimed at aligning the banking industry to the technology required of a ... The CRBS, operated by CompuScan, a South African firm, delivers a biometric (body)-based customer numbering ... Walusimbi said. Uganda boasts of 23 commercial banks and five BOU-regulated microfinance institutions, most of ...

  • Egypt's central bank holds interest rates steady 27 Dec 2009 17:30 GMT
    ... Egypt’s central bank holds interest rates steady  ... decide against depositing surplus cash in the banks. “With inflation rates high and the interest ...

  • New Report Now Available: Nigeria Commercial Banking Report Q1 2010 26 Dec 2009 20:32 GMT
    ... New Financial Services research report from Business Monitor International ... value of our reports on the commercial banking sectors of various countries. Since we introduced ... sectors that have been published by central banks, regulators and/or trade associations. We have collated ...

  • UDPATE 1-S.Africa's credit demand falls, economy fragile 31 Dec 2009 07:33 GMT
    ... (Reuters) - Demand for credit by South Africa's private sector fell for the second consecutive ... with household and company finances remaining tight. Central bank figures showed that credit demand fell by ... between June 2006 and June 2008 as the bank sought to tame inflation. The central bank ...

  • Credit demand falls, economy fragile 31 Dec 2009 15:13 GMT
    ... minutes ago Demand for credit by South Africa's private sector fell for the second consecutive ... with household and company finances remaining tight. Central bank figures showed that credit demand fell by ... between June 2006 and June 2008 as the bank sought to tame inflation. The central bank ...

  • Credit points to fragile economy 1 Jan 2010 09:22 GMT
    ... (Reuters) - Demand for credit by South Africa's private sector fell for the second consecutive ... with household and company finances remaining tight. Central bank figures showed that credit demand fell by ... between June 2006 and June 2008 as the bank sought to tame inflation. The central bank ...

  • Banks recalculate interest, consumers to pay more 3 Jan 2010 13:03 GMT
    ... The past year has been tumultuous for markets and ... says Douglas Beckett, the head of retail banking at Mashreq. “Our deposit costs are totally ... losses of Dh24bn at banks. EFG-Hermes, an Egyptian bank, predicted one in five would fail ...

  • ONE ON ONE: Ghada El-Bialy: Banking on success 30 Dec 2009 18:03 GMT
    ... At Citi Egypt, Ghada El-Bialy heads a team tasked with ... of finance, she says “breaking into the banking sector was not as tough at it ... in some of the countries in North Africa and the Levant. We are planning to ...

  • Moody's downgrades three Egyptian banks' deposit ratings 31 Dec 2009 06:10 GMT
    ... These actions form part of Moody's global review of ... currency deposit ratings of the five rated Egyptian banks remain unchanged and are not affected ... financial institutions in the event of a banking crisis becoming both truly systemic and protracted. ...

  • Fear, Pity as 3500 Bankers Lose Jobs in One Week 29 Dec 2009 03:51 GMT
    ... An atmosphere of fear and pity has descended on the banking industry following the retrenchment of 3500 staff ... the recent decline in the fortunes of Nigerian banks and bankers. In deed there is ...

  • Policies at WaMu's Long Beach Mortgage invited fraud 30 Dec 2009 05:34 GMT
    ... million on allegations that it discriminated against African-American borrowers by charging them higher interest rates. ... while, said it was obvious to any banker that the loans being made were doomed. ... a new plan. He would let other banks have the barely profitable conventional loans. Instead, ...

  • QNB launches Cash Deposit Card for Business Banking customers 30 Dec 2009 05:50 GMT
    ... to request more information from Qatar National Bank (QNB) ... well as Representative Offices in Iran & Libya. An Islamic branch was recently inaugurated in ... United Arab Emirates (UAE), 50% of the Tunisian-Qatari bank and 20% stake in the Doha-based ...

  • More banks eyeing mortgage finance industry 30 Dec 2009 18:03 GMT
    ... Despite the downturn in the mortgage market in Egypt due to the global financial crisis, many ... the Egyptian house financing sector. The global banking group has recently increased its share in ...

  • Nigeria: More bank workers to lose jobs in Nigeria 29 Dec 2009 14:34 GMT
    ... Bank - As the sack gale sweeping through Nigerian bank intensifies, more workers are set to ... in the ongoing reforms in the country's banking sector. Already, more than 2,000 workers have ...

  • Investors Lose N8.6 Trillion As Banking Reforms Aggravates Stock Market Decline 28 Dec 2009 18:32 GMT
    ... The Banking reforms implemented in the second half of ... the year by the Central Bank of Nigeria (CBN) aggravated the fall of equity prices ... (NSE), the highest declines posting amongst other African exchanges in the first quarter of 2008 ...


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