Search Results: african bank

African Bank downgrade doesn’t mean a redemption for bondholders, says CFO

African Bank says holders of its debt cannot ask for an early repayment of its bonds, despite being downgraded to "junk" status last week.

Hedge fund shorts African Bank shares

A major hedge fund is shorting shares in the unsecured lender in expectation of further declines.

Freak out: why African Bank’s record loss has left the market unphased

A larger than expected loss has not phased investors who believe better days are ahead for the countries largest unsecured lender.

African Bank underestimates soured loans, slides to loss

The unsecured lender's interim results show a loss of R4.4-billion as its customers struggle to repay loans.

African Bank reports full-year loss

African Bank, South Africa’s largest provider of unsecured loans, has posted a loss for the fiscal year through September.

African Bank to pay R20m after reaching NCR agreement

The NCR has reached a settlement agreement with African Bank relating to two cases in which the bank was accused of reckless lending.

African Bank to sell Ellerines, raise R4bn to boost capital

African Bank Investments aims to raise R4-billion through a Goldman Sachs rights offering and the sale of furniture retailer Ellerines.

African Bank’s outlook gets downgraded

Unsecured lender African Bank's outlook rating has been downgraded from stable to negative by Moody's Investors Service.

African Bank rated best buy by analysts

South Africa's biggest unsecured lender is rated highly despite increasing bad debt

African bank commits to helping Malawi economy

African Development Bank president Donald Kaberuka has pledged to provide Malawi with $45-million in order to resuscitate the ailing economy.

African Bank: Nationalisation not a good idea

The turmoil in North Africa has hit growth across the continent but may be prompting important indirect political changes.

Absa honoured at African banking awards

Absa has been recognised as the ''Most Innovative Bank in Africa'' at the African Banker Awards 2009 in Istanbul, Turkey, the bank said on Wednesday.

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