Lagos, Nigeria//-Africa’s Global Bank, United Bank for Africa (UBA) Plc, has released its audited financial results for the full year ended December 31, 2022, showing impressive performance across major indices.
Category: Banking & Finance
aYo Ghana Wins Two Industry Awards
Accra, Ghana//-A leading micro-insurance company, aYo Intermediaries Ghana, has been recognised for its leadership role in the growing mobile insurance sector.
Loans Remain Expensive As BoG Increases Policy Rate to Record 29.5%
The Bank of Ghana has increased its policy rate by 150 basis points to 29.5% to help check the high inflation and any downside risks to the economy.
Global Markets Turbulent on Bank fears, Investors Eye Buying Opportunities
Heightening volatility in major stock markets around the world, triggered by concerns of the global banking system, will be used by investors as a buying opportunity, affirms the CEO of one of the world’s largest independent financial advisory, asset management and fintech organisations.
When Banks Go Bust: the Four Factors at Play – Trust, Confidence, Contagion and Systemic Risk
Shutterstock Jannie Rossouw, University of the Witwatersrand Banks are in the news again. Two bank failures in the US, and the forced takeover of Credit Suisse by UBS in Switzerland, have triggered the worst turmoil in the banking sector since the 2008 financial crisis. There’s talk of a lack of trust, of a collapse in […]
Four Ecobank Affiliates Named Best Trade Finance Provider 2023
Lomé, Togo// – Four affiliates of the leading pan-African banking Group, Ecobank Group, have won the coveted ‘Best Trade Finance Provider 2023’ Award in their respective countries.
Central Banks Must Enhance Transparency to Build Trust
The Bank of Canada published a detailed summary of its Governing Council deliberations for the first time last month, joining nearly two dozen other central banks in regularly releasing detailed information on monetary policy decisions.
Bank of England to Raise Rates Again as UK Inflation Jumps
The Bank of England is likely to feel compelled to continue increasing interest rates beyond its current level of 4% as UK inflation jumped unexpectedly in February.
Investors Prepare for Next Rally Ahead of Central Bank Meetings
Investors are ready to build their investment portfolios with new money amid a growing consensus that looser monetary policies are coming which will boost financial markets, says the CEO of one of the world’s largest independent financial advisory and asset management organisations.
How the Global Banking Crisis Could Prove to be Good for Markets
The banking crisis that spooked investors and sent shockwaves around the world could ultimately be beneficial for global financial markets, says the CEO and founder of one of the world’s largest independent financial advisory, asset management and fintech organizations.