Obed Kambala’s Post

The South African banking sector is experiencing a wave of M&A activity, driven by a combination of competitive pressures and a more favourable economic outlook amid renewed optimism in South Africa following the formation of the Government of National Unity. Click the link to read more. https://lnkd.in/dDpr94f9

South Africa's banking sector is bracing for another major exit! After several international banks have already left the country, another big player is considering pulling out. https://lnkd.in/dJveq5B8 #SouthAfricanBanks #InternationalBank #BankingExodus #EconomicImpact #FinancialNews #BankingSector #SAEconomy"

🏦Standard Bank Defies Economic Headwinds: 4% Profit Rise in H1 2024💸 #JOHANNESBURG, Aug 15 Africa's largest lender, Standard Bank, reports a 4% increase in half-year profit, reaching 22 billion rand ($1.22 billion). Growth was driven by strong performance in banking, insurance, and asset management, despite currency devaluations in African operations. Net interest income grew by 7%, with corporate and sovereign lending offsetting subdued retail growth. 📌📌 How do you think African banks can navigate currency volatility while maintaining growth? Share your thoughts!

12 Kenyan Banks Face Sh12 Billion Capital Gap to Meet Proposed Sh3 Billion Minimum Requirement by 2025 Here's the breakdown of what each bank needs: -Consolidated Bank – Sh3.7 billion -Access Bank – Sh1.7 billion -HFC – Sh1.3 billion -UBA Kenya – Sh1.3 billion -Middle East Bank – Sh956.9 million -Development Bank – Sh856.9 million -Credit Bank – Sh536 million -Paramount Bank – Sh521.9 million -M-Oriental Bank – Sh417.6 million -Commercial International Bank – Sh325.9 million -Premier Bank – Sh164.6 million -Habib Bank AG Zurich – Sh84.8 million

🇬🇷 We've launched the equity research coverage of the Greek market! 🇬🇷   Last week we launched equity research coverage of the Greek banking sector. We’ve begun our comprehensive analysis with the Big Four Greek bank stocks – Piraeus, Eurobank, Alpha Bank, and the National Bank of Greece. 🏦 Stay tuned for more updates on other promising markets soon. 📊   #RoemerCapital #Greece #InvestmentBanking #EquityResearch #MarketAnalysis #MarketData #FinancialServices #Banking #GreekBankingSector #Piraeus #Eurobank #AlphaBank #NationalBankofGreece

Learn about African Bond Markets in Bloomberg's upcoming event with the African Development Bank (AfDB), MCB Capital Markets Ltd of Mauritius and our Bloomberg Africa Economist. The session will focus on AfDB's roadmap to deepen capital markets and look at the economic hot spots, such as Kenya, Nigeria, Egypt. With transparent access to local currency bonds — yet challenges with trading, settlement and hedging — what does the outlook for the continent look like? Register here to save your seat: https://bloom.bg/3PU9vQZ #BondMarkets #CapitalMarkets

Learn about African Bond Markets in Bloomberg's upcoming event with the African Development Bank (AfDB), MCB Capital Markets Ltd of Mauritius and our Bloomberg Africa Economist. The session will focus on AfDB's roadmap to deepen capital markets and look at the economic hot spots, such as Kenya, Nigeria, Egypt. With transparent access to local currency bonds — yet challenges with trading, settlement and hedging — what does the outlook for the continent look like? Register here to save your seat: https://bloom.bg/3Ja8CjD #BondMarkets #CapitalMarkets

Eurobank, a prominent financial institution, has reported a stellar financial performance for 2023, with a net profit per share of €0.31 and an 18.1% return on equity. The bank's international activities contributed 37% to its net profits, highlighting its global reach. With a Capital Adequacy Ratio of 20.2% and a CET1 ratio of 17%, Eurobank demonstrates a strong financial foundation. The bank's strategic plan for 2024-2026 aims to solidify its position as a regional leader, with a focus on Cyprus, where the board will convene in March. The integration of Hellenic Bank in Cyprus is a key step in expanding Eurobank's regional influence. The bank anticipates that international operations will account for half of its profits, reflecting a commitment to a global strategy. Eurobank's robust results and forward-looking strategy position it as a dynamic player in the financial sector, ready to navigate the challenges of a changing economic landscape. The bank's success in Cyprus and Bulgaria underscores its regional strength and the potential for further growth.#Cyprus, #Greece, #Bulgaria

Rating agency, Moody’s Ratings has upgraded the Arab Bank for Economic Development in Africa’s (BADEA) foreign currency long-term issuer and senior unsecured ratings to Aa1 from Aa2. The decision to upgrade reflects BADEA’s robust capital adequacy, bolstered by an enhanced capital position and improved asset performance, despite the challenging environment in Sub-Saharan Africa (SSA). Furthermore, BADEA’s liquidity position has seen a significant improvement, evidenced by the successful recovery of its substantial liquidity buffers, which have been further strengthened by a successful capital market issuance.

Kyrgyzstan's National Bank lowers refinancing rate to 11% effective April 30 📈 The National Bank noted the stability of Kyrgyzstan's banking sector, despite the external economic challenges. The influence of external factors on the national economy has been diminishing. 👉Details: https://lnkd.in/ds5WVvc8 #BankingStability #InterestRates #FinancialStability #KyrgyzstanEconomy #FinancialNews #DaryoNews