Banking and Insurance

News : Banking and Insurance

The Minister of State, at the Ministry of Finance and Economic Planning, Dr. Anthony Akoto Osei, has commended the banking industry for the role it played towards the success story of the economy. (AllAfrica)

Ecobank, a household name in The Gambia for efficient, friendly, customer focused and excellent banking services, yesterday, opened two new branches. The new branches are at the Kanifing highway and West Field. (AllAfrica)

Governor Ibrahim Idris has warned the new staff of Kogi Savings and Loans limited, to adhere strictly to the tenets and ethics of mortgage banking. (AllAfrica)

Newly merged, CfC Stanbic Bank subsidiaries will retain their identities as the parent company, CfC Stanbic Holdings, seeks to consolidate their former competing business interests. (AllAfrica)

MUTUAL & Federal Insurance Company (M&F), one of the largest short-term insurers, is embarking on restructuring which will result in its staff complement falling by 600 jobs to about 2300, MD Keith Kennedy said yesterday. (AllAfrica)

Finance Minister, Essimi Menye, has called on banking institutions to alleviate poverty in the rural areas. (AllAfrica)

THE JSE banks index continues to head southwards as oil and food prices continue to rise. (AllAfrica)

ZIMBABWE Stock Exchange shares fell yesterday with investors reacting to the central bank's hike in accommodation rates. (AllAfrica)

THE JSE banks index continues to head southwards as oil and food prices continue to rise. (AllAfrica)

The Anti-Corruption Commission (ACC) has formally requested the Agricultural Bank of Namibia (Agribank) to provide information on the affirmative action loan scheme at the bank. (AllAfrica)

The Central Bank of Nigeria [CBN], says admits the concept of Microfinance Bank [MFB], was meant to bring efficient banking services to the door steps of the common man. (AllAfrica)

At least 37 cattle-raising co-operatives from the six districts of the southern Cunene province received micro-credits, since early this year, granted by the Savings and Credit Bank (BPC), ANGOP learnt. (AllAfrica)

Skye Bank Plc has embarked on fresh initiative towards bringing real development to the doorsteps of Ekiti people, as it partnered the state's government in its just concluded economic summit. (AllAfrica)

First Inland Bank Plc has joined the league of banks with shareholders' fund in excess of N100billion. The bank's stride, in this regard, came after the recent release of the result of the Initial Public Offer held in January, this year. (AllAfrica)

GOLDSTAR Insurance Company over the weekend launched a new collaboration with insurance brokers aimed at improving their working relations. (AllAfrica)

Political instability in Cote d'Ivoire is delaying the planned entry of giant reinsurance corporation, Kenya Re, into the Francophone market, a manager has said. (AllAfrica)

BANK of Africa in partnership with Global Export Linkages has launched the Small Business Club for clients. (AllAfrica)

THE long-awaited sale of the Government's 40% stake in the National Insurance Corporation (NIC) on the stock exchange is expected to be finalised by August, the Privatisation Unit's public relations officer, Jim Mugunga, has said. (AllAfrica)

The Central Bank of Liberia (CBL) yesterday, July 2, 2008, granted what it terms as provisional license to a new banking institution called the AccessBank Liberia Limited. (AllAfrica)

The conduct of legislative oversight into the banking sector is, no doubt, one of such probes being carried out in the economy by the House of Representatives. (AllAfrica)

SALES of new vehicles in SA declined for the 15th successive month on an annual basis, decreasing 21,9% year on year to 39062 units last month. (AllAfrica)

The Central Bank of Liberia (CBL) has granted provisional licenses to AccessBank Liberia Limited and Guaranty Trust Bank Liberia Limited to operate as commercial banking entities in the country. (AllAfrica)

HARD-UP consumers are being tempted to make easy money by submitting false claims to their insurers, industry experts say. (AllAfrica)

First Inland Bank Plc has joined the league of banks with shareholders' fund in excess of N100billion as the bank's fund hits N128.37 billion. (AllAfrica)

The Board of Directors of Unity Bank Plc, under the chairmanship of Professor Akin L. Mabogunje, has approved the promotion of top management staff of the bank to the posts of deputy general managers and assistant general managers. (AllAfrica)

THE Reserve Bank of Zimbabwe will have to do more than keep the daily cash withdrawal threshold at $100 billion because "this is not enough". (AllAfrica)

THE Reserve Bank of Zimbabwe yesterday said the much-publicised termination of bank note paper supply to Fidelity Printers by Germany's Giesecke and Devrient will not disrupt the smooth flow of business. (AllAfrica)

Kenya Reinsurance will hold its first annual general meeting on Thursday since listing at the Nairobi Stock Exchange last year. (AllAfrica)

BANKERS acceptance rates have risen to between 2 000 percent and 5 000 percent from an average of 750 percent following the increase in the rediscount rates by the Reserve Bank of Zimbabwe on Tuesday. (AllAfrica)

Federal Mortgage Bank is set to disburse N40 billion to property developers as part of efforts to meet the nation's housing need. (AllAfrica)

The Federal Government has filed a criminal charge at the Federal High Court sitting in Abuja against Nigeria International Bank Limited for defrauding some of its customers several millions of naira, an act said to be a serious offence under the Economic and Financial Crimes Commission (EFCC) Act. (AllAfrica)