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    BANKING

    September 19, 2020

    CBN Grants Greenwich Trust Merchant Banking Licence

    The Central Bank of Nigeria (CBN) has granted Greenwich Trust Limited a licence to operate as a merchant bank in the country.

    This was disclosed in a statement by the financial institution yesterday.

    The"...

    September 9, 2020

    Bank Loans in Morocco Increased by 5.8% During COVID-19 Crisis

    Rabat – Bank loans in Morocco recorded a 5.8% increase in the first seven months of 2020, compared to the same period in 2019.

    Morocco’s central bank, Bank Al-Maghrib, announced the figure in a recent"...

    September 8, 2020

    Bank Al Maghrib: Morocco’s Industrial Production Improved in July

    Rabat – Morocco’s central bank, Bank Al Maghrib, has said that the country’s industrial production improved during the month of July.

    The bank reported an increase in production with a capacity"...

    September 8, 2020

    Made in Morocco’: Mining Boom Demands Focus on Value Added Products

    Rabat – A mining boom could benefit more than just exports if Morocco can advance the production of value-added products. Shedding the legacy of colonialist resource exploitation, Morocco could expand its position in supply chains and better profit from its natural assets.

    ...

    September 7, 2020

    Boubyan Bank Commemorates 15th Anniversary with IDEMIA’s Exclusive Metal Cards

    Boubyan Bank, Kuwait’s most innovative digital bank, teams up with IDEMIA, the global leader in Augmented Identity, to provide select customers with exclusive metal cards to mark the bank’s 15th anniversary.

    Boubyan"...

    September 3, 2020

    UBA Delivers N300.6bn Gross Earnings, Declares Interim Dividend

    The United Bank for Africa (UBA) Plc has announced its audited financial results for the half year ended June 30, 2020, showing growth across key performance indices as well as increased contribution from its African subsidiaries.

    Notwithstanding"...

    September 2, 2020

    Morocco’s Bank of Africa Reports Net Banking Income Stagnation

    Rabat – Morocco’s Bank of Africa (BMCE) recorded a net banking income of MAD 7 billion ($768 million) at the end of June 2020, representing a stagnation compared to the same period a year earlier.

    The"...

    August 31, 2020

    Bank Al Maghrib: Moroccan Dirham Up Against Euro, Down Against Dollar

    Rabat – Morocco’s central bank, Bank Al Maghrib, announced in its weekly notice that the Moroccan dirham rose by 0.58% against the Euro and dropped by 0.44% against the dollar from August 20-26.

    As"...

    August 30, 2020

    Morocco’s CIH Bank Falls Victim to International Hacking Attack

    Rabat – Morocco’s CIH Bank announced on Friday, August 28, the hacking of numerous customer accounts.

    “Tens of customers have discovered, when checking their accounts, transactions (which they"...

    August 26, 2020

    Visa Harnesses Real-Time Deep Learning to Enhance Transaction Processing

    Visa Inc. (NYSE: V) today announced Visa Smarter Stand-in Processing (Smarter STIP), a new capability that uses real-time artificial intelligence (AI) to help financial institutions manage transaction authorizations when service disruptions occur. Using deep learning to analyze past transactions,"...

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