Among sectors, Nifty PSU Bank index plunged 4.6 percent, Metal index shed 4 percent and Realty index fell 2.7 percent. Indian equity benchmark indices extended the losing streak in the second week ended February 18 amid high volatility in the face of escalating geopolitical tension, rising crude oil prices and relentless FII selling. Market opened […]
Tag: XUGA_BOBU
Absa takes on small lenders with cheap personal loans offer
Absa Bank Kenya #ticker:ABSA has joined small lenders to offer the cheapest personal loans, breaking ranks with other big banks that have continued to issue relatively expensive credit facilities. An Absa customer taking a Sh1 million, one-year personal unsecured loan today will incur a total credit cost of Sh71,807. That is the same as the […]
Slideshow | Market extends losing streak in second week; PSU banks, metals worst hit, rupee recovers
Among sectors, Nifty PSU Bank index plunged 4.6 percent, Metal index shed 4 percent and Realty index fell 2.7 percent. Indian equity benchmark indices extended the losing streak in the second week ended February 18 amid high volatility in the face of escalating geopolitical tension, rising crude oil prices and relentless FII selling. Market opened […]
Mid-sized banks to watch as sub-sector recovers
Dar es Salaam. The year 2021 was generally good to a number of mid-sized lenders as available data show that some of them exhibited resilience and steady growths across a number of performance parameters in 2021 as the sector partially recovers from the Covid-19 pandemic. This group includes lenders with asset levels ranging from slightly […]
After MTN listing, Stock Market looks to Airtel in 2022
Airtel Uganda Managing Director, Manoj Murali Kampala, Uganda | THE INDEPENDENT | Uganda’s stock market saw a big leap in growth in 2021, thanks to the listing of MTN Uganda, after more than three years of near-stagnation with limited shares activity. Over the year, the total value of the stocks of the locally listed companies, […]
After MTN listing, Stock Market looks to Airtel in 2022
Airtel Uganda Managing Director, Manoj Murali Kampala, Uganda | THE INDEPENDENT | Uganda’s stock market saw a big leap in growth in 2021, thanks to the listing of MTN Uganda, after more than three years of near-stagnation with limited shares activity. Over the year, the total value of the stocks of the locally listed companies, […]
CAK flags 12 banks with hidden mortgage charges
Home loan borrowers could get better terms after the competition watchdog directed 12 banks to revise their terms and conditions, citing hidden charges or skewed contracts against their clients. The Competition Authority of Kenya (CAK) reviewed home loan contracts for 27 banks and found the information provided to consumers by 12 of them was incomplete, […]
Kenya: CAK Flags 12 Banks With Hidden Mortgage Charges
Home loan borrowers could get better terms after the competition watchdog directed 12 banks to revise their terms and conditions, citing hidden charges or skewed contracts against their clients. The Competition Authority of Kenya (CAK) reviewed home loan contracts for 27 banks and found the information provided to consumers by 12 of them was incomplete, […]
How Tanzania’s mid-level banks fared in 2021 first three quarters
Dar es Salaam. Middle-level commercial banks are increasingly taking a cautious approach to lending as they seek to raise profits while reducing Non-Performing Loans (NPLs) – and to align with the regulator’s requirements. A close look at recently-released financial statements for 13 commercial banks which have assets of between Sh100 billion and Sh900 billion indicates […]
Tanzania: How Tanzania’s Mid-Level Banks Fared in 2021 First Three Quarters
Dar es Salaam — Middle-level commercial banks are increasingly taking a cautious approach to lending as they seek to raise profits while reducing Non-Performing Loans (NPLs) – and to align with the regulator’s requirements. A close look at recently-released financial statements for 13 commercial banks which have assets of between Sh100 billion and Sh900 billion […]