Tag: Banking Sector
In Kenya, more than 337 unregulated digital mobile lenders and micro financiers have been barred from forwarding the names of loan defaulters to Credit Reference Bureaus, a move that aims to cushion distressed businesses and households from the effects of the coronavirus pandemic. This comes at a time when the banking sector is struggling with mounting unpaid loans whose share has risen to the highest level since August 2007. Economic Analyst, Odhiambo Ramogi joins CNBC Africa for more.
Nigeria’s Securities and Exchange Commission says it will regulate crypto-token investments when the character of the investments qualifies as a securities transaction. So what impact will this have on Nigeria's banking sector? Muyiwa Oni, Regional Head of Equity Research at Standard Bank Group joins CNBC Africa’s Christy Cole for this conversation and more.
Traders say most banks in Ghana are attractively valued as most are trading below their book values and provides a good entry point for investors.
No doubt the COVID-19 pandemic has been a recurring decimal on the half-year earnings released so far. Emmanuel Adeleke, Investment Research Analyst at ARM Securities joins CNBC Africa for more.
The Covid-19 pandemic is throwing up new challenges to Africa's baking sector, with warnings from the IMF that the pandemic's largest threat to banks being related to their loan portfolios. Similarly, Moody's changed its outlook for the banking systems for Nigeria, Morocco and South Africa to negative from stable. Adesola Adeduntan, Managing Director and CEO of First Bank of Nigeria and Subsidiaries joins CNBC Africa to discuss the future of banking.
As Nigeria’s banking industry responds to impact by the COVID-19 pandemic, Ayokunle Olbunmi, Head of Financial Institutions Ratings at Agusto & Co joins CNBC Africa to assess to what extent current efforts can absorb shocks brought by the pandemic.
In Kenya, the banking sector continues to dominate activity at the Nairobi Securities Exchange with shares worth Ksh775 million transacted, which accounted for 48.27 per cent of the traded value in the week that ended on 30th April 2020. Moreover, the Central Bank of Kenya announced the insurance of a 5-year Ksh50 billion bond for budgetary support in May with the auction date set for Wednesday 6th of May. The market-determined bond will mature in May 2025 with CBK encouraging investors to use treasury mobile direct or internet banking to purchase the bond. Joining CNBC Africa for more is Rodney Omukhulu, Assistant Investments Analyst at Cytonn.
Due to the recent COVID-19 impact, banking as we know it might have to change forever but are banks ready to make these changes, Cherno Gaye, Managing Director of Cogebanque joins CNBC Africa for more.