Banking

April 20, 2017

1

World Bank sees sub-Saharan Africa GDP growth rising to 2.6 pct in 2017

Economic growth in sub-Saharan Africa is seen rising to 2.6 percent this year and further to 3.2 percent in 2018 and 3.5 percent a year later, the World Bank said in a report on Wednesday.

“The upturn in economic activity is expected to continue in 2018-19, reflecting improvements in commodity prices, a pickup in global growth, and more supportive domestic conditions,” the bank said in its “Africa’s Pulse” report.

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April 19, 2017

2

Bank of America Reports First-Quarter 2017 Financial Results 

Bank of America reported its first-quarter 2017 financial results today. The news release, supplemental filing and investor presentation can be accessed in the following ways: Bank of America newsroom at http://newsroom.bankofamerica.com. Bank of America Investor Relations website at http://investor.bankofamerica.com. Business Wire’s news webpage at http://www.businesswire.com/portal/site/home/news. Investor Conference Call information Bank of America Chief Executive Officer Brian Moynihan and Chief Financial Officer Paul Donofrio will discuss the company’s results in a conference call at 8:30 a.m. ET today. For a listen-only connection to the investor presentation, dial 1.877.200.4456 (U.S.) or 1.785.424.1732 (international). The conference ID is 79795. Please dial in 10 minutes prior to the start of the call. Investors can also listen to a live audio webcast of the conference......

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April 19, 2017

3

Earnings Release First Quarter 2017

Al Khalij Commercial Bank (al khaliji) P.Q.S.C., in Qatar, announced its financial results for the first quarter of 2017, reporting a Net Profit of QAR 160.9 million. This represents an increase of 3% over its financial results for the same period of last year.

His Excellency Sheikh Hamad Bin Faisal Bin Thani Al Thani, Chairman and Managing Director stated: “We are pleased to announce our financial"...

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April 17, 2017

4

Seychelles: IFC, Central Bank Promote Leasing as Investment Financing Tool

IFC, a member of the World Bank Group, the Central Bank of Seychelles and the Seychelles Investment Board, have conducted a two-day investment forum to promote leasing as an alternative financing tool.

The objective of the Forum themed,

footprint2africa

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April 10, 2017

5

Ferring Announces Exclusive Agreement with Alrise Biosystems for the Development of an Injectable, Controlled-Release Peptide

(BUSINESS WIRE) -- Ferring Pharmaceuticals and Alrise Biosystems announced today that the companies have entered into a development agreement with exclusive option rights for Ferring to leverage Alrise’s ImSus® Technology Platform for the development of an injectable, controlled-release formulation of a peptide therapeutic.

Under the terms of the agreement,"...

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April 5, 2017

6

South Africa Banks Tumble as Junk Rating Puts Profit at Risk

South Africa’s banking index fell to the lowest in six months after S&P Global Ratings cut the sovereign’s foreign-currency debt rating to junk, increasing the likelihood that lenders will have to battle declining returns and rising bad debts in the year ahead.

South Africa’s six-member banks index, which includes Standard Bank Group Ltd. and ...

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April 3, 2017

7

Sterling Bank Sustain Upward Earnings Trajectory, Posts N111bn in 2016

Despite the difficult macro-economic environment that characterised the 2016 fiscal year, Sterling Bank Plc, the one-customer bank has posted a profit before tax of N6.0 billion on gross earnings of N111.4 billion during the financial year ended December 31, 2016.

The financial highlights showed that net interest income increased by 41.6 per cent to N56 billion (FY 2015: N39.5 billion) on account of a 22.5 per cent increase in interest income and a"...

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April 1, 2017

8

Kenya: CBK Seeks Investors to Acquire Commercial Bank

The Central Bank of Kenya (CBK) is inviting an initial Expression of Interest (EOI) from investors interested in an equity stake in Chase Bank Kenya Limited.

The bank was put under receivership of the Kenya Deposit Insurance Corporation (KDIC) in April 2016 after reports of liquidity problems that spread online led to a run on deposits.

It was re-opened shortly after with reduced"...

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