KCB Group, the country’s largest lender by Tier 1 capital, saw its non-performing loan ratio rise to 15% in 2020.
The country’s largest lender, Attijariwafa Bank, saw return on equity drop to 6.8% last year from 12.9% in 2019.
Nigeria and Egypt make a strong showing in this year’s Top 100 African Banks ranking.
The private sector has a defining role to play in ramping up vaccine production across the continent.
Banque Misr saw an 84% increase in Tier 1 capital last year amid a limited economic impact of Covid-19 compared with other countries.
While there was not much change at the top of the 30th edition of the Global Financial Centres Index, two African centres join the ranks for the first time.
Investec topped the South Africa performance rankings and climbed up 63 places in the overall Top 1000 ranking. Its ‘Big Four’ peers fared less well.
Nigeria’s banks have had a tough year, as the economy hit a two-decade low.
Global payments provider Visa will enter Sudan as the economy begins to liberalise.
Hiba Zahoui, head of Bank Al-Maghrib’s banking supervision department, on the state of the country’s banking sector.
Hakainde Hichilema hopes to stabilise the economy with an IMF bailout and encourage foreign investment.
Fitch recently revised Rwanda’s outlook to negative from stable amid concerns about rising public sector debt.
Looting and arson forced the closure of hundreds of branches and caused widespread damage to ATM infrastructure.
Closer ties with the City of London likely to encourage further fintech investment into Kenyan capital.
Uncertain political situation after president sacks prime minister likely to affect the operating environment for Tunisian banks.
Despite a change in leadership before the pandemic, Algeria is yet to embark upon a programme of much-needed reforms.
Concerns are mounting over what will happen when Algeria’s central bank withdraws its pandemic relief measures.
Eight out of the nine African countries represented within the Top 1000 World Banks ranking saw aggregate pre-tax profits decrease year on year.
Planned economic reforms are boosting confidence in Morocco, despite the setbacks of the pandemic and a drought.
Morocco’s banks have come through the dual hit to the economy of Covid-19 and a drought.