Absa Bank restructures over 50,000 loan facilities for Kenyans
Absa Bank's restructuring is part of its commitment to protect customers from the adverse effects of the coronavirus pandemic...
Category : Banking
Goldman Sachs temporarily closes Marcus for new UK customers
Since the start of the pandemic, deposits worth $5.1 billion flooded the account, with Marcus now holding an approximate total of $27 billion...
Bank of America acquires 1.51% stake in Emirates NBD
The deal is expected to cost around Dh900 mn...
NCBA Bank develops rationalisation strategy to merge branches
With this decision, NCBA Bank's number of branches in Kenya will reduce to 68...
South African banks under strain; sharpest decline in earnings
The banks are also forced to cut interest rates because of the pandemic...
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...