New exposure exchange agreement will offer a countercyclical capital buffer October 28, 2024/AfDB The African Development Bank and the Asian Development Bank have signed a $1 billion exchange exposure agreement (EEA) aimed at enhancing the African Development Bank’s capital position and its capacity for sustainable lending across Africa. The agreement, […]
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STANBIC IBTC 9M 2024: Strong Growth in Interest and Non-Interest Income
October 28, 2024/CSL Research Stanbic’s 9M 2024 unaudited numbers showed a 130.7%y/y increase in Interest Income to N425.8bn driven by an increase in lending activities and improved interest margins. Q/q, Interest Income was up 37.9% in Q3. Net Loans to customers grew 16.2% in 9M 2024 compared with the December […]
United Capital Research Investment Views This Week, 21st October to 25th October 2024
October 28, 2024/United Capital Research Global Markets: Most Markets Closed Lower. Last week, the focus in US markets shifted to the earnings season with over 20.00% of companies in the S&P 500 reporting their results. The early earnings season started positively with financials, but as more industries reported, results became […]
