Africa Banking Network

An Africa Business Community

July 2011 Blog Posts (6)

Standard Bank Group remains Africa's top bank in new rankings table

Standard Bank Group has again been named as Africa's top bank in the The Banker magazine's 2011 rankings of the world's top banks by their Tier 1 capital. Standard Bank Group rose from 106th place to 94th place in the list of 1 000 top banks in the world.



The Banker is a leading global journal of the banking sector. Its annual top 1 000 world banks survey is to show banks' soundness in relation to the Basel requirement of a minimum ratio of Tier 1 capital to risk-weighted assets…

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Added by Linda Larbie on July 15, 2011 at 2:04pm — No Comments

The deVere Group Launches the Alquity Africa Fund

The Alquity Africa equity investment fund targets double-digit returns from Africa’s high-growth economies.

Notably, it achieved a 10% return for investors in its maiden year. In addition, Alquity Investment Management, the fund’s investment manager, has committed to donating a minimum of 25% of its net management fees on an ongoing basis to projects aimed at transforming lives across Africa. As the donation comes from Alquity’s management fees, investors still receive their full…

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Added by Linda Larbie on July 14, 2011 at 8:37pm — No Comments

Three awards confirm Standard Bank leadership in Africa banking

Standard Bank’s sustained presence and growing influence in African markets received further recognition today with the announcement that the banking group has been named Best Debt House in Africa, Best Risk Adviser in Africa and Best Investment Bank in Nigeria in the Euromoney Awards for Excellence 2011.

The Euromoney panel of judges took into account key performance indicators including volume of business transacted, innovation and leadership, credit ratings, quality of assets and…

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Added by Linda Larbie on July 8, 2011 at 6:44pm — No Comments

Absa sees CashSend transactions pass R500 million

Introduced in late 2008, CashSend enables Absa individual customers – who do not have bank accounts – to send money from our Cellphone Banking platform, any of their 8 963 ATMs, and from their Internet Banking channels to anyone in South Africa, both banked and unbanked.

The receiver only needs to enter a PIN (which the bank SMSes to the customer’s cellphone), along with a secret code to withdraw cash at an Absa ATM. All this is done without an ATM Card or a bank account, but by…

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Added by Linda Larbie on July 6, 2011 at 5:20pm — No Comments

Chase Bank, ILO and Enablis Launch Business Plan Competition

The Enablis Entrepreneurial Network East Africa, Chase Bank and the International Labour Organization have today launched the 2011 annual business plan competition aimed at supporting emerging and existing entrepreneurs. The competition will run between July and October 2011.



The competition is a platform for Kenyans with business ideas to realize their dreams. To enter the competition aspiring entrepreneurs have to put their ideas onto paper by preparing a business plan and…

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Added by Linda Larbie on July 6, 2011 at 5:17pm — No Comments

Minimum Account Balance: UBA to Migrate Customers to Other Platforms.

Following the introduction of a  minimum account balance of N25,000 by United Bank for Africa, customers whose accounts balances are below the minimum threshold and are not able to upgrade between July 1, 2011 to September 1, 2011 have the option of  migrating to self-service channels provided by the bank.



The migration of customers to self-service e-banking channels and mobile payment platform, U-Mo, is being done through the various business offices of UBA where the respective…

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Added by Linda Larbie on July 5, 2011 at 8:22pm — No Comments

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