Banking & Finance

Brazilian and Portuguese banks sign agreement to plan expansion in Africa

Brazil's Financial Minister Guido Mantega have announced that the state-controlled Banco do Brasil and private-sector Banco Bradesco have signed a memorandum of understanding with the Portuguese bank Banco Espírito Santo (BES) to create a new company to expand their business in Africa.

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Acknowledgement for investment bank

Standard Bank IBTC has been named as Best Investment Bank in Nigeria in the Euromoney Awards for Excellence 2010. Standard Bank Group was also named as Best Investment Bank in Africa and Best Bank in South Africa by Euromoney.

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Trade finance programme acknowledged

The African Development Bank (AfDB) has received the “Highly Commended” prize for the Best Development Finance Institution (DFI) in Africa at the Trade Finance Magazine 2010 Awards for Excellence.

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SA banks to use fingerprint verification

Standard_Bank_Rotunda_Speedwell_Building_Booysens_Road_loThe South African Banking Risk Information Centre (Sabric) has entered into a partnership with the Department of Home Affairs that will allow banks in South Africa to conduct online fingerprint verification of bank clients.

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SA provincial government and banking group cooperate in affordable housing drive

The KwaZulu-Natal provincial government in South Africa and Standard Bank Group (SBG) have agreed on a series of measures to identify and develop affordable housing projects across the province.

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