RMB appoints new CEO

2015-04-17 17:26

FirstRand has appointed a new chief executive for Rand Merchant Bank, a division of FirstRand Bank.

eBucks programme hits R5bn mark

2015-04-14 12:00

Participants in the rewards programme eBucks have earned R5bn over 15 years, says First National Bank (FNB).

Why mobile money should matter to government

2015-04-03 10:00

Mobile money has the potential to close South Africa's financial access gap, says an expert.

Complaints against UK banks dip 7%

2015-03-30 15:15

Complaints against Britain's banks have fallen in the second half of last year as fewer people lodged objections about insurance protection mis-selling.

Atlas Mara seeks to expand Africa growth

2015-03-26 08:43

Financial services group Atlas Mara is eyeing more acquisition opportunities in Africa as it seeks to improve its footing on the continent through organic growth.

Old Mutual's Zim unit bucks negative trend

2015-03-24 18:50

Old Mutual's Zimbabwean banking unit CABS has recorded strong growth in both income and profitability for its full year to end-December 2014.

App enables cardless cash withdrawals

2015-03-17 12:18

Forgot your ATM card at home? There’s now an app for that, at least for one South African bank’s customers.

Rise of Turkish Islamic banks chimes with Erdogan

2015-03-15 16:30

At least 8% of Turkish adults do not have a bank account, according to a 2014 World Bank report, because of the prohibition in Islam against paying interest.

FirstRand posts 13% earnings growth

2015-03-10 09:21

Banking group FirstRand has reported a 13% rise in first-half earnings, underpinned by growth in advances and deposits.

Atlas Mara targets Africans ignored by others

2015-03-06 10:52

Atlas Mara, the newest entrant to the African banking market, plans to target low-income earners in addition to multinationals and middle-class consumers.


African Bank securities remain suspended

2015-04-16 13:06

All debt securities of African Bank and equity securities of African Bank Investments remain suspended, cautions the bank's curator Tom Winterboer.

Chinamasa: SA banks taking advantage of Zim

2015-04-08 17:06

Zimbabwe's finance minister Patrick Chinamasa has criticised South African banks for wanting to charge more when its neighbour approaches them for loans.

Standard Bank's Zim unit stays profitable

2015-03-31 13:03

In an environment of bank closures and a liquidity crunch, Standard Bank's Zimbabwean unit has reported 13.11% profit growth for the year to end-December 2014.

US stance against China-led bank 'idiotic'

2015-03-26 13:00

Washington's opposition to a new China-led development bank is "embarrassing" and "idiotic", as an increasing number of US allies embrace the institution.

Australia ready to join China-led bank

2015-03-25 09:45

Australia is 'well and truly' disposed to join the China-led Asian Infrastructure Investment Bank, says Prime Minister Tony Abbott.

Capitec earnings up on client growth

2015-03-24 09:27

Unsecured lender Capitec Bank Holdings has reported a 27% increase in full-year earnings as growth in active customers boosted transaction fee income.

Africa trade finance needs innovation, tech focus

2015-03-16 07:00

The finance trade in Africa often overlooks what would be needed to catalyse change and deliver on the continent's potential, says an expert.

Zim union petitions parliament over bank collapses

2015-03-11 13:36

With $3m in workers' salaries trapped in closed banks, a Zimbabwean union says the central bank is directly responsible for the country's rash of bank collapses.

European banks need big cost cuts

2015-03-09 12:09

Europe's banks need to cut costs and simultaneously grow revenues by 15% just to get their profitability to match their cost of capital, a study shows.

US banks pass capital hurdle in Fed stress test

2015-03-06 10:23

US banks have passed a minimum hurdle for top-tier capital in an annual health check by the Federal Reserve, says the central bank.

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