Banking group, African Bank has published its full-year results for the 12 months ending September 2022, reporting a jump in profitability as it continues to expand its transactional base and eyes a big move into the business banking space. The African Bank Group reported a net profit after tax of R736 million for the year
African Bank welcomes all approvals it has received to date for its acquisition of 100% of Grindrod Bank. All the conditions precedent to the Grindrod Bank transaction have been met, and all the necessary regulatory approvals were obtained on 6 October 2022. This follows the Competition Tribunal’s approval of its acquisition of Grindrod Bank with
African Bank has announced the launch of its new loyalty programme, Audacious Rewards, with the aim to improve the financial well-being of its customers. The bank claims that the loyalty programme will create incentives for positive financial behaviour, including helping customers to improve their credit score. The custom-built programme has been created to work for
