Big-six bank FNBSA, which adopted a lending approach focused on medium- to low-risk clients following the Covid-19 pandemic, has seen an 8% rise in loan advances made to customers, improving the quality of its loan book. Moneyweb NtandoThukwana
Big-six bank FNB, which adopted a lending approach focused on medium- to low-risk clients following the Covid-19 pandemic, has seen an 8% rise in loan advances made to customers, improving the quality of its loan book. The lender, which is FirstRand’s largest banking unit, said lending advances grew to R507 billion during the six months to December 2022, compared with R470 billion in the previous period. Read the full Sens announcement.
We’ve got a medium-risk lens, and then there are clearly some customers that are with us that are high risk, and so we are not in the highest [risk] categories. “We think there is enough growth opportunity in our existing good- and medium-risk base that we don’t need to increase into the high-risk base,” said Celliers.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why Starlink could be a game changer in Africa - TechCentralAdvances in providing Internet access to people in Africa are worth celebrating.
Read more »
US terror suspect allegedly abducted 'by special forces' at Mall of Africa, urgent court bid revealsAlleged Islamic State recruiter and funder Abdella Hussein Abadiga 'snatched' from Midrand shopping centre in December.
Read more »
MTN expects earnings boost for FY 2022MTN expects positive earns for the full-year ending 31 December 2022.
Read more »
FirstRand half year profits jump 15% on new loans and depositsJSE-listed banking group FirstRand has reported a double-digit growth in earnings, boosted by strong deposits and new business across its lending book fuelled by high-interest rates benefiting South Africa’s banking sector. Moneyweb NtandoThukwana
Read more »
Eastern Cape community to suffer another year without waterThe original completion date for the James Kleynhans Water Treatment Works upgrade was December 2017. It has now been moved to December 2023
Read more »
SA Guild of Mobility Journalists celebrates 60th birthdayThe first gathering took place on 29 December 1962, after the final practice session of the SA Grand Prix
Read more »