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TIME'S RUNNING OUT TO BOOK!!! BATTLE OF THE BANKS AFRICA 2024 CHALLENGE. The concept of immersing oneself in a simulated environment, where one must grapple with the complexities of running an entire organisation and making critical decisions, is a truly remarkable approach to foster learning, personal growth, and capacity development.   1. The Battle of the Banks Africa is a platform that celebrates the dynamism and resilience of the banking industry in Africa. Over the next few weeks, you will be challenged to showcase your bank management capabilities, navigate through complex scenarios, and make critical decisions that will shape the future of your virtual banks.   2. The Battle of the Banks Africa is an opportunity to gain real-time experiences, learn from industry experts, and forge lasting connections with like-minded professionals. The banking landscape has faced unprecedented challenges, especially in the wake of the global pandemic. Through this competition, you will gain invaluable insights into the realities faced by bank executives, both during and after the COVID-19 era.   3. The Battle of the Banks Africa is about personal growth, knowledge acquisition, and the development of your skills as future leaders in the banking industry. Embrace the challenges that lie ahead, collaborate with your teammates, and seize every opportunity to learn and excel. This is an opportunity to prove yourselves as the banking giants of Africa, to rise above the competition, and to gain a competitive edge in your career. This gamified training program has been meticulously designed to equip you with a comprehensive understanding of managing a commercial bank within a competitive and highly regulated environment. You and your team are entrusted with the task of operating a full-service bank. Each team is staffed with four (4) members, and you compete vigorously against other teams to optimise market share and stock prices. You will encounter familiar regulatory constraints, including limitations on deposit pricing, capital adequacy, and reserve requirements. Want to know more? Click the link below: https://lnkd.in/g-hQG8xG #battleofthebanks #africa Battle of the Banks Andile

💼 Africa’s Top 100 Banks in 2024 💼 The definitive guide to Africa's banking sector is here. Explore the top financial institutions shaping the continent’s future, with insights on: 🌍 Global expansion – Africa’s leading banks going international 🦁 Southern Africa’s dominance – The region’s financial powerhouses 🏛️ North Africa’s stronghold – Stability and growth 🌱 East Africa’s rise – A fifth of the Top 100 🏆 Nigeria’s leadership – Topping West & Central Africa 📊 Dive into the full report for rankings, regional analysis, and the trends driving Africa's financial growth. 🔗 https://shorturl.at/pRNey

BATTLE OF THE BANKS AFRICA 2024 CHALLENGE. Event 2 Did you miss Event 1? Still want to compete to earn your place in the FINAL? Sign on to take part in Battle of the Banks 2024 Event 2 to have a chance at joining the 5 teams from event 1 in the FINAL! The concept of immersing oneself in a simulated environment, where one must grapple with the complexities of running an entire organisation and making critical decisions, is a truly remarkable approach to foster learning, personal growth, and capacity development.   1. The Battle of the Banks Africa is a platform that celebrates the dynamism and resilience of the banking industry in Africa. Over the next few weeks, you will be challenged to showcase your bank management capabilities, navigate through complex scenarios, and make critical decisions that will shape the future of your virtual banks.   2. The Battle of the Banks Africa is an opportunity to gain real-time experiences, learn from industry experts, and forge lasting connections with like-minded professionals. The banking landscape has faced unprecedented challenges, especially in the wake of the global pandemic. Through this competition, you will gain invaluable insights into the realities faced by bank executives, both during and after the COVID-19 era.   3. The Battle of the Banks Africa is about personal growth, knowledge acquisition, and the development of your skills as future leaders in the banking industry. Embrace the challenges that lie ahead, collaborate with your teammates, and seize every opportunity to learn and excel. This is an opportunity to prove yourselves as the banking giants of Africa, to rise above the competition, and to gain a competitive edge in your career. This gamified training program has been meticulously designed to equip you with a comprehensive understanding of managing a commercial bank within a competitive and highly regulated environment. You and your team are entrusted with the task of operating a full-service bank. Each team is staffed with four (4) members, and you compete vigorously against other teams to optimise market share and stock prices. You will encounter familiar regulatory constraints, including limitations on deposit pricing, capital adequacy, and reserve requirements. Want to know more? Click the link below: https://lnkd.in/g-hQG8xG

🌍 HSBC Exits South Africa: a new chapter for Africa's financial sector HSBC, one of the world’s largest financial institutions, has officially transferred its South African business to FirstRand Bank, marking a significant moment for the continent’s financial landscape. This strategic move by a major global bank signals a shift in international banking operations within Africa. 🌐 For African finance experts, this exit presents both challenges and opportunities. On the one hand, the absence of such a large player raises questions about foreign capital inflows and external investments. 📉 On the other hand, it creates space for regional banks and fintech innovators to step up and provide homegrown solutions tailored to the unique needs of African economies. 💡📈 This development highlights the critical role of local financial institutions in maintaining financial stability and driving innovation. Regional partnerships and new technologies like mobile banking and fintech could be the key to sustaining growth. 📱🤝 With central banks and regulators focusing on building more robust financial frameworks, the continent is poised to take greater ownership of its financial destiny. 💭 What’s next? How will the absence of major global players shape Africa’s financial future? Share your thoughts below, and don’t miss the latest on this story! 👇 🔗 Read more on HSBC’s transfer and its impact on African markets in the article below: https://bit.ly/3BtJjbD

HSBC’s exit from South Africa marks a pivotal moment for Africa’s financial sector. While it raises concerns about foreign capital flows and potential reductions in international investment, it opens up a valuable opportunity for regional banks and fintech companies to assert their influence. This transition highlights the growing importance of localized financial solutions and innovation tailored to Africa’s diverse economies. By fostering regional partnerships and embracing fintech advancements, Africa can strengthen its financial ecosystem and increase self-reliance, signaling a new era for the continent’s financial independence and resilience.

"World’s Best Banks 2024—Africa | Global Finance Magazine" https://lnkd.in/ewXJ6CQQ Congratulations to all the management and employee staffs of Awash Bank ...Awash Bank has won the Global Finance Award as one of the best banks in Africa for the third time in a row ...The achievements listed are opening 150 new branches,commanding a 20 percent market share in assets,18 percent in deposits and loans,16 percent in customer base.....The objective parameters include profitability,asset growth,geographic reach,strategic relationships,new business developments and product innovation..The subjective parameters include opinion of equity analysts,credit rating analysts,bank advisors and others opinion who are working in the banking industry...

[Working Paper Alert] Title: Bank business model identification, evolution, and outcomes: evidence for South Africa Authors: John O S Wilson, Linh Nguyen, Anna Sobiech and Lechedzani Kgari Click here, to read the paper: https://bit.ly/440UMJV Abstract: This paper presents the findings of an investigation of the type, evolution, and impacts on the performance of bank business models in South Africa. We identify the various business models used by South African banks using data on the monthly balance sheets of commercial banks made available by the South African Reserve Bank between 1993 and 2022. We cluster banks into different business models based on the composition of their balance sheets. Based on these clusters, we identify business models oriented to wholesale and retail funding, as well as to universal, investment and interbank activities. Overall, our clustering exercise returns six distinct business models. We observe large differences in terms of business size, performance and risk profiles across the business models. We also analyse the evolution of business models over time. The results suggest that banks exhibit relatively stable business models, but where transition exists it tends to be between certain business models. Increased risk is associated with a higher probability of banks shifting business models. (The views expressed in this working paper are those of the authors and do not necessarily represent those of the South African Reserve Bank or South African Reserve Bank policy.)

Despite progress by Africa’s banking systems over the past twenty years, they remain relatively small, costly, and focused on the short-term end of the yield curve, and thus neither efficient nor inclusive. As of 2020, Africa’s banks were, on average, less efficient, but more profitable and operated in less competitive environments World Bank – Banking in Africa, 2023 #AfricanBanking #BankingEfficiency #EthipoianBanks #FinancialServices #BankingChallenges #GlobalBanking #FinancialSector #AfricanProgress

East Africa’s banking sector is making waves, with 20 banks securing spots in the African Business Magazine Top 100 Banks. https://lnkd.in/e4dbe9AQ #Kenya leads the charge with 10 banks in the ranking, with Equity Bank Limited and KCB Bank Group holding strong positions. #Ethiopia’s banking landscape is also evolving, now boasting five banks in the rankings. #Banking #EastAfrica

The bank BNP Paribas, which is based in Paris, recently said it's pulling out of South Africa's corporate and investment banking scene. The South African central bank officially stopped them from doing banking there starting March 8th. This follows a trend where many big companies have left Africa's market over the last ten years. BNP Paribas is a big bank from France, formed in 2000 when two major French banks merged. It's the second-largest bank in Europe, with assets worth more than €2.67 trillion as of 2022. Read more: https://lnkd.in/dAFFd7xn