South Africa's First National Bank (FNB) is Africa's most valuable banking brand according to the 2021 Brand Finance Banking 500 ranking. According to the same ranking, FNB is also among the 200 most valuable banks in the world (157th) out of 500 banks, and is listed on the Stock Exchange...
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Moody's maintains stable outlook for European banking
The 'rating' agency Moody's maintains a stable outlook for European banking thanks to the sustained pace of economic recovery and the good level of capital that banks have to face insolvencies, according to Lusa. Moody's report highlights the overall "good health" of most European financial systems.
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BM sanctions banks, microcredits and illegal operators
The Bank of Mozambique (BM) has sanctioned and fined seven credit institutions, four financial companies and nine illegal financial operators for various irregularities, including breach of duties to prevent money laundering and financing of terrorism, between February 2020 and June 2021. According to a statement from the institution cited by several media outlets,...
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Meet the top five largest banks in Africa according to The Banker
In the Top five largest banks in Africa four are South African, according to The Banker. Standard Bank has strengthened its position as the continent's largest lender, a position it has held for more than two decades with a 5.8% gain in Tier 1 capital base. According to market news, it is the only one of the...