Africanbank’s Post

The African Bank Group has reported a solid financial performance for the year ending 30 September 2023, marked by significant milestones in its diversification strategy. The group achieved a net profit after tax of R505 million, showcasing its robust financial health. These Annual Financial Results hold special significance for African Bank as it is the first time the bank has released its financial results as a fully-fledged retail and business bank. Founded by entrepreneurs as a solution to the obstacles hindering black economic growth, African Bank was always intended to serve both retail and business customers. #AfricanBankFinancialResults2023 #ABFinancialResults #AudacityToBelieve

Mashreq achieves historical financial milestone in 2023, with its net profit soaring by an impressive 130% to reach an unprecedented AED 8.6 billion amidst exceptional income growth and significantly reduced risk costs. H.E. Abdul Aziz Al Ghurair, Chairman of Mashreq: "In recent years, our track record of consistent performance and profitability improvement has been nothing short of impressive. Our franchise continues to yield outstanding results, bolstered by the addition of a substantial number of new clients and the deepening of existing relationships across the bank.” Ahmed Abdelaal, Group Chief Executive Officer: "Our performance this year has truly been exceptional, serving as a testament to the success of our strategic direction within the ever-evolving global economic and political landscape. As a modern, digitally empowered challenger bank, we have firmly cemented our position in the market.” Read the full report here: https://lnkd.in/dw8K5BRd #Mashreq #FinancialYear2023 #FinancialMilestone #BankingExcellence #Innovation #SuccessStory

🏆 Award-winning Georgian banks! 🎉 Bank of Georgia (BOG) scooped up an impressive five consumer and three corporate regional awards for Central and Eastern Europe in 2023. It's clear that their dedication to excellence is getting the recognition it deserves. But the accolades don't stop there! Another Georgian bank, TBC bank, has made its mark by winning the Best Corporate Bank in Euromoney's new nomination category in 2023. This achievement showcases TBC bank's outstanding performance and strong commitment to serving corporate clients with excellence and innovation. These achievements highlight the strength and competitiveness of the Georgian banking sector on a global scale. It's truly inspiring to see local banks succeeding on an international level and bringing positive attention to Georgia's financial industry. At BAUER GROUP, we strongly believe in supporting businesses and organizations that strive for excellence. We understand the importance of strategic partnerships, which is why we are thrilled to see Georgian banks gaining recognition for their exceptional services. As a provider of business consulting, accounting, and recruitment services, we are committed to helping businesses reach new heights of success. Georgia is rapidly becoming a hub for innovation and entrepreneurship, and these wins by Bank of Georgia and TBC bank further solidify that reputation. We are proud to be a part of this thriving business environment, where companies are constantly pushing boundaries and achieving remarkable results. #BankingExcellence #GeorgiaProud #BusinessSuccess #BAUERGROUP #GeorgianBusinessInsights

Mashreq achieves historical financial milestone in 2023, with its net profit soaring by an impressive 130% to reach an unprecedented AED 8.6 billion amidst exceptional income growth and significantly reduced risk costs. H.E. Abdul Aziz Al Ghurair, Chairman of Mashreq: "In recent years, our track record of consistent performance and profitability improvement has been nothing short of impressive. Our franchise continues to yield outstanding results, bolstered by the addition of a substantial number of new clients and the deepening of existing relationships across the bank.” Ahmed Abdelaal, Group Chief Executive Officer: "Our performance this year has truly been exceptional, serving as a testament to the success of our strategic direction within the ever-evolving global economic and political landscape. As a modern, digitally empowered challenger bank, we have firmly cemented our position in the market.” Read the full report here: https://lnkd.in/dw8K5BRd #Mashreq #FinancialYear2023 #FinancialMilestone #BankingExcellence #Innovation #SuccessStory

Mashreq achieves historical financial milestone in 2023, with its net profit soaring by an impressive 130% to reach an unprecedented AED 8.6 billion amidst exceptional income growth and significantly reduced risk costs. H.E. Abdul Aziz Al Ghurair, Chairman of Mashreq: " In recent years, our track record of consistent performance and profitability improvement has been nothing short of impressive. Our franchise continues to yield outstanding results, bolstered by the addition of a substantial number of new clients and the deepening of existing relationships across the bank.” Ahmed Abdelaal, Group Chief Executive Officer: "Our performance this year has truly been exceptional, serving as a testament to the success of our strategic direction within the ever-evolving global economic and political landscape. As a modern, digitally empowered challenger bank, we have firmly cemented our position in the market.”   Read the full report here: https://lnkd.in/dw8K5BRd  

"2023 has been a year of integration, and the diversification of our revenue streams which has led to the de-risking of our balance sheet. In a relatively short time, we have successfully integrated both entities into African Bank, with no retrenchments and little disruption to our day-to-day business operations. African Bank is now a fully-fledged retail and business bank, with diversified streams of income, a rapidly growing customer base, and the organisational mettle to withstand our economy’s fluctuations." - Kennedy G Bungane, Group Chief Executive Officer #AfricanBankFinancialResults2023 #ABFinancialResults #AudacityToBelieve

"2023 has been a year of integration, and the diversification of our revenue streams which has led to the de-risking of our balance sheet. In a relatively short time, we have successfully integrated both entities into African Bank, with no retrenchments and little disruption to our day-to-day business operations. African Bank is now a fully-fledged retail and business bank, with diversified streams of income, a rapidly growing customer base, and the organisational mettle to withstand our economy’s fluctuations." - Kennedy G Bungane, Group Chief Executive Officer #AfricanBankFinancialResults2023 #ABFinancialResults #AudacityToBelieve

Here's a link to my discussion with Shehryar Bakht Ali on the digital payments ecosystem and what the emerging trends mean for the push for deepening formal financial inclusion. We touched on a range of issues including cost, uptake by MSMEs, interoperability across platforms & what standardised QR codes portend for the region. Link below... https://lnkd.in/dA37vACQ

It feels great to be recognized. Thanks to my amazing team for continuous support. My line manager TASLIMA TISHA Apu has always been supportive towards efficient work, couldn't do the complex works that we have without her support. My cluster head Syed Nayeemuddin Hossain, CDCS who is very keen on doing things using automation and making things streamlined, encouraged me to develop automation anywhere possible. Finally, it's not just me who is the hero in trade, but everyone, because they are probably best people I've known so far. #hsbc #besttradebank #automation #automationanywhere #agile #continuousimprovement #bankinginnovation #bank #innovation

So you guys won best of best for your human resource not best for your customers. Where from placement of funds with the goverment are the major earning there micro customers whose funds of current accounts used without any effort has no priority. Which bank won the best cutomer bank?