Arqaam Capital News

Capitec Bank

The Budget Bank Rattling South Africa's Financial Sector

A budget bank is booming in South Africa’s economic slump, challenging the decades-long dominance of the “big four” lenders and prompting a price war that is driving down banking costs in a country where many people can’t afford an account.

Qatar National Bank (QNB)

Qatar National Bank (QNB) buys stock in Ecobank for 2nd time this month becoming top shareholder

Qatar National Bank SAQ, the Middle East’s biggest lender by market value, bought stock in Togo-based Ecobank Transnational Inc. (ETI) for the second time this month to become its top shareholder with a 23.5 percent stake.

Ecobank

Qatar National Bank Expands in Africa With $230M Ecobank Deal

Qatar National Bank QSC, the largest Arab bank, acquired a 12.5 percent stake in Lome, Togo-based Ecobank Transnational Inc. (ETI), marking its first acquisition in sub-Saharan Africa.