Banking and Insurance

News : Banking and Insurance

Service in some of the commercial banks in the country is really disgusting and something needs to be done urgently. (AllAfrica)

Intercontinental Bank Plc said yesterday that it has recovered N78 billion bad loans since the Central Bank, CBN, intervention on August 14 and said it has improved its risk management. Chief Executive Officer, Mahmoud Alabi, appointed by the Central Bank, said the bank hoped to recover up to N100 billion before year-end. (AllAfrica)

PAN-African microfinancier Blue Financial Services has had a tough time of late, plunging into a R162,3m loss for the six months to August. (AllAfrica)

Ghanaians are generally satisfied with the performance of the National Health Insurance Scheme (NHIS), a survey report released by the National Development Planning Commission (NDPC) said on Thursday in Accra. (AllAfrica)

A citizen's assessment of the National Health Insurance Scheme show an increasing level of registration under the scheme, with a total subscription increasing from a low of 1,797,140 in 2005 to 12,518,560 in 2008, though significant variations in registration exist across geographical and socio-economic groups. (AllAfrica)

Banks should develop new products that would enable the poor people to access funds that are risk free. "Specially designed schemes such as crop insurance and the group based bank lending supported by low cost central bank refinance line can mitigate the risks for the poor people," says Dr Atiur Rahman, the governor of the central bank of Bangladesh. (AllAfrica)

The launch of outpatient medical insurance cover by National Hospital Insurance Fund is set to pave the way for stiff competition in Kenya's middle class-leaning medical insurance industry. (AllAfrica)

The clamour for price controls on essential goods could cut down production and affect their supply in the long term, the Central Bank of Kenya (CBK) Governor Njuguna Ndung'u has warned. (AllAfrica)

A few years ago some scientists decided to do an experiment. (AllAfrica)

STANDARD Bank has been granted a banking licence in Angola, opening the way for it to start operating as a full- service bank in Angola by the middle of next year . (AllAfrica)

"Selling" is often confused with "marketing" but whilst related, the two disciplines are absolutely different. The best analogy I can use as an example of the difference is the Arsenal Football team where by the brilliantly creative Cesc Fabregas is the "marketeer" providing the creative environment for the "salesman" i.e. Robin van Persie to close the move and strike for goal. (AllAfrica)

Local sprinters will continue forking out funds to compete in Kenya and other neigbouring countries in order to qualify for major international championships. (AllAfrica)

Two new Deputy Commissioners have been approved for the National Insurance Commission (NAICOM) by President Umaru Yar'Adua.They are Alhaji Ibrahim Hassan from Bauchi State as Deputy Commissioner (Technical Operations) and Mr. George Onekhena from Edo State as Deputy Commissioner (Finance and Administration). (AllAfrica)

As the market agreement signed by all insurance companies operating in the country takes effect from today, December 1, 2009, the Nigerian Insurers Association (NIA) is appealing to members to comply with the rule and regulations in the agreement. (AllAfrica)

In line with government objective to discourage monopoly in business community coupled with level playing field that now abound in the insurance sector, Custodian and Allied Insurance Company has won the Nigerian National Petroleum Corporation's Consolidated Insurance Policy (NNPC-CIP) for 2010/2011. (AllAfrica)

Year end signals from the insurance sub-sector indicate that the Nigerian insurance market will key into a government-backed growth initiative in the energy sector to expand participation in the energy sector and grow premium income. (AllAfrica)

The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr. Mohammed Sanusi Barkindo has solicited the cooperation of the Central Bank of Nigeria in the on going reform of the oil and gas sector for it to impact positively on the Nigerian economy. (AllAfrica)

President Umaru Yar'Adua has approved the appointment of two new deputy commissioners for the insurance industry regulator, National Insurance Commission (NAICOM). (AllAfrica)

The Federal High Court in Lagos yesterday gave approval to the EFCC to file fresh charges against former Managing Director of Finbank Nig. Plc, Mr Okey Nwosu. Counsel to the EFCC, Mr Rotimi Jacobs, told Justice Dan Abutu that he intended to withdraw the earlier charges and substitute them with new ones.He informed the court that the new charges had already been assigned to another judge. (AllAfrica)

Intercontinental Bank said yesterday it had recovered 78 billion naira in bad loans since it was bailed out in August and said it had improved its risk management. (AllAfrica)

The Group Managing Director of Intercontinental Bank Plc., Mammud Lai Alabi, yesterday in Lagos said that the bank has recovered a total of N78 billion from its debtors since August 14. (AllAfrica)

Despite the spills of the global financial crisis the banking industry still maintained it bullish mood attracting some $880 million in total assets in the year 2009. (AllAfrica)

Debt forgiveness to prominent Nigerians and companies is generating furore among shareholders, banking officials and other stakeholders who see it as politically-motivated and undue favour to beneficiaries. (AllAfrica)

The Central Bank of Nigeria, CBN, says only one apex microfinance banking organisation is acceptable in the sub-sector of the Nigerian economy. (AllAfrica)

The Federal Mortgage Bank of Nigeria (FMBN) has announced a rebranding campaign tailored to the pursuit of its mandate of assisting every Nigerian to own a house of his or her choice. The bank believes that the exercise would create a new corporate identity for the bank. (AllAfrica)

Bank Windhoek's Capricorn Branch was officially opened on Thursday, 19 November 2009 at an event hosted by the branch to celebrate its new name and relocation. (AllAfrica)

The Development Bank of Namibia (DBN) on Wednesday donated N$1 million towards the repair costs of two badly flood-damaged schools in the north. (AllAfrica)

RESERVE Bank of Zimbabwe (RBZ) governor Gideon Gono on Friday said the reintroduction of the Zimbabwe dollar is still a long way off, ending speculation the battered currency is on its way back. Over the past weeks, speculation has intensified that some sections of the inclusive government were preparing for the return of the reviled currency after President Robert Mugabe recently told villagers in Zhombe that the dollar would be revived. (AllAfrica)

"First National Bank of Namibia opened its doors more than 100 years ago and since then has been involved in giving back to communities to help them grow by supporting the economic well-being and quality of life for everybody." (AllAfrica)

BANKERS have been urged to learn sign language to aid deaf people in accessing banking services. (AllAfrica)

Mr Kwesi Bekoe Amissah-Arthur, Governor of Bank of Ghana (BoG), has challenged banks to double efforts in order to serve as financial mediators in transforming the economy for the better. (AllAfrica)