Tag Archives: Banks and banking

BRICS bank can help African countries tackle urgent challenges (AN)

The New Development Bank, a collaborative initiative of BRICS nations established in 2015, stands poised to play a pivotal role in funding crucial African endeavors, according to its President, Dilma Rousseff. Former Brazilian President Rousseff, speaking in Johannesburg, emphasized the strong partnership between the BRICS countries and Africa. She highlighted that the bank’s focus will […]
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Bankly Launches Microfinance Bank(ITNA)

Nigeria| Bankly, a popular Fintech company specializing in payment processing, has announced the launch of Bankly Microfinance Bank, marking a significant milestone in their journey to provide accessible financial solutions in Nigeria.The launch event held in Lagos showcased the newly introduced Group Savings features on the Bankly App. Bankly’s mission, which began in 2019, aims […]
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SA’s Land Bank can be fixed (Moneyweb)

It is disheartening to see how many South Africans, including parliamentarians, have forgotten the simple and influential role the Land and Agricultural Development Bank (Land Bank) played in South African agriculture. The former minister of agriculture, Derek Hanekom, summarised this role nicely in his foreword to the bank’s 1997 annual report: The Land Bank, established in 1912, […]
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The most complained-about banks in South Africa (BT)

The Ombud for Banking Services (OBS) says banking disputes regarding current accounts and internet banking remain high, despite banks making a greater effort to resolve consumer complaints internally. In the OBS Annual Report 2022, Reana Steyn, Ombudsman for Banking Services, said that 2022 significantly differed from the prior two years. “As Covid-19 gradually loosened its […]
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Which of SA’s big banks will finish the year strongest? (Moneyweb)

South Africa’s banking earnings season has come and gone and market watchers are now peeling their eyes to see which of the country’s big six lenders, faced with a myriad of economic headwinds, will finish the year in a strong position. Bank profits have been healthy so far, with some delivering record headline earnings and […]
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The digital trends disrupting the banking industry in 2023 (InsiderIntelligence)

Banking Industry Overview The banking industry is in a much healthier place now than it was after the financial crisis of 2008. Total global assets climbed to $154,211 in 2022, up 3.79 percent YoY from 148,583 in 2021, according to The Banker’s Top 1000 World Banks Ranking for 2022.  With so much money to manage, major banks such as […]
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Nedbank sees R10bn pipeline of green energy projects (Moneyweb)

SA still has enormous potential, despite the ‘material challenges in the short-to-medium term,’ says the bank’s CEO. Nedbank has increased its green finance pipeline to more than R10 billion as more South African businesses invest in private power generation after the government lifted restrictions to help resolve the country’s energy crisis. There are very strong […]
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Three major risks that have the banking industry on edge (CNN)

It’s been one month since Silicon Valley Bank collapsed, triggering alarms throughout the halls of global finance. The initial panic has settled into a more tolerable state of tension. We can all take a deep breath, knowing our money is safe and that banks have the tools they need, courtesy of the federal government, to weather […]
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The cheapest business accounts from South Africa’s top banks (BT)

Despite ongoing economic hardships, South Africa still offers numerous opportunities for businesses of all sizes – and one of the first steps in establishing a successful business is to open a business account. Some of the advantages of opening a business account include the separation of personal and business finances, increased credibility and safety, and […]
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FNB edges out Capitec as the strongest banking brand in the world (BT)

Brand Finance has ranked South African bank FNB as having the strongest banking brand in the world – narrowly beating Capitec Bank, which ranked second. According to the group’s 2023 Banking 500 report, FNB achieved the top rating out of all the banks measured by the group in the Brand Strength Index (BSI). The BSI […]
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