"As a responsible financial institution, we are committed to making a positive impact in society, and we recognise the challenging impacts of the current economic environment on our customers. Our aim is to provide customers with ongoing support…
The Basel Committee on Banking Supervision recently met to take stock of recent market developments and risks to the global banking system and related vulnerabilities, and to discuss a range of policy and supervisory initiatives.
"The experience of a broad range of central banks demonstrates that asset purchases were helpful in reducing financing costs for households, firms and governments and limiting the economic fallout from the health crisis", said Philip Lowe, Chair…
"This bank was too big to fail for Silicon Valley and for the US venture capital industry, even though it was a smaller bank in overall terms. The exposure of the industry to this one bank was extremely high, with more than 50% of start-ups…
"I am delighted that Andréa Maechler will be joining the BIS as its new Deputy General Manager," said François Villeroy de Galhau, Chair of the BIS Board of Directors. "Her wide-ranging experience at the Swiss National Bank and at international…
“Widely anticipated in the market and global payments community since its journey kicked off in 2017, we are extremely pleased to announce that PayShap is officially live,” says Mpho Sadiki, Head of Real-time Payments at BankservAfrica.
"Our growth story continues in our Broader Africa portfolio, with a 6% increase in customers, as well as a 5% increase in deposits and a 7% increase in advances. We are particularly encouraged by the adoption of digital channels across our portfolio…
"In SA, financial inclusion for consumers seems to have shifted from an access issue to an adoption and usage issue: there are more than 80 million bank cards in circulation and a mobile penetration rate of 157%," says Andrew Weinberg, chief…
"We believe the hiking cycle has now topped out. After a cumulative 375bp hike since November 2021, we believe that easing inflation amid dissipating adverse price shocks will allow the MPC to keep the repo rate on hold," states the Absa Q1…
“The BETI improved to an index level of 132.7 in January, showing a monthly increase of 0.4% and 0.3% year-on-year growth - though significantly lower than the all-time high of 143.5 in May 2022,” says Shergeran Naidoo, BankservAfrica’s Head…
The higher interest rates and elevated inflation erode farm profit margins and liquidity which may constrain farmers' ability to service debt and further limit production expansion, says Paul Makube, Senior Agricultural Economist at FNB Agribusiness.
Banking Biz is a New Africa Busines News Services (NABNS) publication launched in 2021 to focus on the banking industry (general), retail banking, business and commecial banking, corporate and Investment banking as well as financial planning. It remains a great resource of news for industry professionals, and for those who seek to learn more about the financial sector developmets.
Subscribe to our weekly newsletter to get the latest insurance and economic news in SA.
Banking Biz proudly displays the "FAIR" stamp of the Press Council of South Africa, indicating our commitment to adhere to the Code of Ethics for Print and online media which prescribes that our reportage is truthful, accurate and fair. Should you wish to lodge a complaint about our news coverage, please lodge a complaint on the Press Council's website, www.presscouncil.org.za or email the complaint to enquiries@ombudsman.org.za. Contact the Press Council on 011 4843612.
© Banking Biz 2008-2026
