South African banks under strain; sharpest decline in earnings
The banks are also forced to cut interest rates because of the pandemic...
Category : Banking
KCB to acquire Imperial Bank under receivership
Five years ago, Imperial Bank was placed under receivership on the basis of inappropriate banking practice...
New digital bank called Sparkle launches in Nigeria
Sparkle is launched by former Diamond Bank CEO and tech entrepreneur Uzoma Dozie...
Qatar Central Bank eyes blockchain for VC funding and SME growth
The central bank is keen to explore distributed ledger technology use cases and its impact on businesses in the country...
Japan’s Shinsei Bank acquires UDC Finance for $480 mn
This is Shinsei’s biggest acquisition till date...
FAB stalls talks to acquire Bank Audi Egypt over uncertainity
Mergers and acquisitions in the Middle East are expected to grow after the negative effects of the pandemic settles...
Japan’s MUFG to close 40% of domestic branches by 2023
The bank plans to adopt more cost-cutting measures in response to the coronavirus crisis...
RakBank, BankAsia drive cross-border payments using Ripple’s blockchain
Bangladeshi expatriate community is expected to benefit from the partnership with instant and secure payments...
Unaitas Sacco approves Sh500 mn dividend pay out for members
The Sacco comprises more than 320,000 members in Kenya...
PPC Bank seeks to improve financial inclusion in Cambodia
The bank lays emphasis on digitisation and seeks to further innovate its banking services...