Libya’s Assaray Trade and Investment Bank (ATIB) has selected Switzerland-headquartered Temenos Infinity and Temenos Transact to power digital transformation
Banking & Finance
African banks transforming operations with Oracle solution
Several of Africa’s innovative digital-first banks are turning to Oracle Financial Services’ FLEXCUBE Universal Banking platform to transform their processes and deliver a centralised experience for customers
Standard Chartered Bank arranges US$1.46bn to fund Standard Gauge Railway
The Government of Tanzania Ministry of Finance has signed a facility agreement with Standard Chartered Tanzania for a US$1.46 billion term loan financing to fund the construction of the Standard Gauge Railway (SGR) project from Dar es Salaam to Makutupora
CredoLab raising banks’ loan-to-deposit ratio while minimising risk
The Central Bank of Nigeria (CBN) has increased the minimum loan-to-deposit ratio (LDR) of commercial banks from 60 per cent to 65 per cent in the latter part of 2019, which, according to Bloomberg, was aimed at forcing banks to boost credit, mainly to farmers, small-and-medium-size businesses and consumers
ABSA appoints new chief executive to expand African operations
Absa, the leading pan-African financial services group, has appointed Cheryl Buss as CEO of Absa International which includes managing Absa Securities United Kingdom