Banking
QNB Group Grows Net Profits by 7% to $1.9b in H1 2018

By Dipo Olowookere
The largest financial institution in the Middle East and Africa (MEA) region, QNB Group, has announced its results for the six months period ended June 30, 2018.
During the period under review, the lender recorded a Net Profit of QAR7.1 billion ($1.9 billion), up by 7 percent compared with last year.
In addition, the total assets increased by 10 percent from June 2017 to reach QAR846 billion ($232 billion), the highest ever achieved by the Group.
The key driver of total assets growth was from loans and advances which grew by 9 percent to reach QAR604 billion ($166 billion). This was mainly funded by customer deposits which increased by 9 percent to reach QAR614 billion ($169 billion) from June 2017. This helped to maintain QNB Group’s loans to deposits ratio at 98.4 percent as at June 30, 2018.
The Group’s drive for operational efficiency is yielding cost-savings in addition to sustainable revenue generating sources. This helped QNB Group to improve the efficiency ratio (cost to income ratio) to 27.2 percent, from 29.3 percent last year which is considered one of the best ratios among large financial institutions in the MEA.
Also, the Group’s strong recovery efforts helped reduce the net impairment charge on QNB’s loan book during the year demonstrating strong credit quality of the bank’s asset base.
Furthermore, maintaining the stock of non-performing loans ratio at 1.8 percent reflecting the high quality of the Group’s loan book and the effective management of credit risk. The Group’s conservative policy in regard to provisioning maintained the coverage ratio at 110 percent as at June 30, 2018.
Total Equity reached QAR76 billion ($21 billion), up by 3 percent from June 2017, while earnings per share increased to QAR7.4 ($2), compared with QAR7.0 ($1.9) in June 2017.
Capital Adequacy Ratio (CAR) as at June 30, 2018 amounted to 15.8 percent, higher than the regulatory minimum requirements of the Qatar Central Bank and Basel Committee.
QNB’s successful funding from the international markets during the first six months of 2018 which includes, amongst others, (1) capital market issuances of $560 million (AUD700 million) with a 5 and 10-year maturity in Australia and (2) $720 million bonds with 30 year maturity in Taiwan.
This reflects the Group’s success in diversifying funding sources by entering new debt markets, sourcing sustainable long-term funding, extending the maturity profile of funding sources and the trust of international investors in the strong financial position of QNB Group and its strategy.
In June 2018, Fitch Ratings had revised the Outlook to Stable due to successful management of the impact from the blockade.
Also, QNB remains the highest-rated bank in Qatar and one of the highest-rated banks in the world with the fourth highest rating from the major rating agencies of Moody’s, Standard & Poor’s and Fitch.
QNB Group serves a customer base of more than 22 million customers with more than 29,000 staff resources operating from 1,100 locations and 4,400 ATMs.
Banking
Access Bank Secures Certification for Privacy Information Management

By Modupe Gbadeyanka
For its consistent commitment to the highest levels of data privacy, security, and compliance, Access Bank Plc has been awarded the ISO/IEC 27701:2019 Certification for Privacy Information Management Systems.
The scope of the certification encompasses the management, processing, and protection of Personally Identifiable Information (PII) related to customers, employees, and third parties across the entire organisation.
It covers all physical and digital assets, processes, and information systems engaged in the collection, storage, processing, sharing, and disposal of PII throughout the bank.
The Statement of Applicability, version 15.0, dated March 27, 2025, demonstrates Access Bank’s role as both a PII Controller and a PII Processor, ensuring a robust framework for safeguarding sensitive information at every stage of its lifecycle.
The certification is referenced under ISMS Certificate, No. IS 583140 and affirms that the lender operates a Privacy Information Management System (PIMS), which fully complies with the rigorous requirements of ISO/IEC 27701:2019.
It reflects the bank’s proactive approach to privacy management, its investment in state-of-the-art security infrastructure, and its commitment to building trust with stakeholders and the broader community.
“Achieving the ISO/IEC 27701:2019 certification is a testament to Access Bank’s proactive approach to information security, Data Protection and Privacy, which reflects our commitment to safeguarding the trust our customers place in us, and our culture of continuous improvement.
“It demonstrates our dedication to adopting global best practices and reinforces our position as a leader in privacy information management across the financial services sector.” The Chief Information Security Officer/Data Protection Officer of Access Bank, Favour Femi-Oyewole, said.
Also, the Executive Director for IT and Digitisation at Access Holdings Plc, Lanre Bamisebi, said, “Securing the ISO/IEC 27701:2019 certification marks a pivotal milestone in Access Bank’s journey to embed privacy and data protection at the heart of our digital strategy. It also underscores the strategic investments we continue to make in digital innovation.
“This achievement reflects our unwavering commitment to building resilient systems that not only meet global standards but also anticipate the evolving expectations of our customers and regulators. It is the result of deliberate cross-functional collaboration and a forward-thinking approach to governance and trust.”
Banking
Stanbic IBTC Bank Reaffirms Commitment to Inclusive Growth

By Modupe Gbadeyanka
Stanbic IBTC Bank has reiterated its commitment to inclusive growth, especially by providing support to female business owners because of their vital role in Nigeria’s economy.
The bank in a statement said it created the Blue Blossom Account in recognition of the positive impact of women entrepreneurs in society, as they drive innovation, create jobs, and build resilient businesses.
It stressed that focusing on women-led businesses helps to build a more inclusive and vibrant economy. Supporting women is not just the right thing to do—it’s a smart investment in Nigeria’s future, the lender said.
Stanbic IBTC Bank noted that the Blue Blossom Account was designed to help women overcome common financing challenges, as it provides easier access to business finance in line with the Central Bank of Nigeria’s Sustainable Banking Principles.
Women business owners enjoy zero current account maintenance (CAM) fees, concessionary loan rates, and access to business clinic sessions. These benefits make the Blue Blossom Account more than just a product—it’s a practical tool for growth.
Stanbic IBTC Bank said it also offers lending solutions like SME Lite and SME EZ Cash. These options help women-led businesses secure working capital, fund expansion, or invest in new opportunities. With flexible terms and accessible financing, the bank is assisting more women grow their businesses.
Support goes beyond finance. Through its SME Collab customer value proposition, the bank offers training and curates events to help women manage their businesses and connect with other entrepreneurs.
A key highlight is the Bloom Weekend, an empowerment event that brings together thousands of women entrepreneurs, professionals, and leaders. The event features masterclasses, financial advisory, and a vibrant trade fair where women showcase their businesses. It also provides an avenue for networking and having fun.
Digital tools also play a role. With POS terminals, the Enterprise Online internet banking platform, and the SME Mobile App, women entrepreneurs can manage payments and cash flow more efficiently. These solutions make it easier to run a business and reach more customers.
Banking
Zenith Bank Honours Pioneer Customers, Long-Serving Staff at 35

By Dipo Olowookere
Over the weekend in Lagos, Zenith Bank Plc rolled out drums for its pioneer customers and members of staff, who have served meritoriously for 25 years and above.
The event, which precisely took place at the Eko Hotel and Suites on Friday, August 15, 2025, brought together key stakeholders of the bank, including customers, staff (past and present), regulators, partners, and friends for the 35th anniversary of the company.
Zenith Bank was established in May 1990 and has since grown into one of Africa’s leading financial institutions with branches across the 36 states of the federation and the FCT, Abuja, as well as subsidiaries in the United Kingdom, Ghana, Sierra Leone, Gambia, France, UAE and a representative office in China.
The chief executive of the lender, Ms Adaora Umeoji, in her welcome address, described the chairman of Zenith Bank, Mr Jim Ovia, as “the godfather of modern banking and the Nostradamus of our time, who through sheer tenacity, foresight, and uncompromising integrity transformed a modest vision into the financial powerhouse we celebrate today.”
On his part, Mr Ovia thanked the bank’s esteemed customers and shareholders for their trust, confidence and shared vision; the regulators, for their guidance over the years; his friends and partners, for being a constant source of strength; the Zenith Bank family led by Ms Umeoji, for their loyalty and commitment; and his beloved wife and family for their love and support.
The Vice President of Nigeria, Mr Kashim Shettima, who once worked at Zenith Bank and was present at the event, said, “Long before technology became the bloodstream of global finance, Jim Ovia had already woven it into the DNA of Nigerian banking industry.
“He introduced innovation not as a fashion but as a philosophy, placing Zenith Bank on a path where excellence is not an ambition but a standard. Yet his true signature is not only on the balance sheet.
“For Jim Ovia, the people make an institution. His greatest investment has been in human capital – in transferring his experience and sense of adventure to generation after generation of bankers and investors forged at Zenith Bank.”
Others present at the ceremony were the Governor of Lagos State, Mr Babajide Sanwo-Olu; the Governor of Ondo State, Mr Lucky Aiyedatiwa; the Governor of Taraba State, Mr Agbu Kefas; the Governor of Borno State, Mr Babagana Zulum; the Governor of Delta, Mr Sheriff Oborevwori, represented by the Deputy Governor, Mr Monday Onyeme; former Governor of Anambra State, Mr Peter Obi; former Governor of Akwa Ibom State and ex-Executive Director of Zenith Bank, Emmanuel Udom; and Africa’s richest man, Mr Aliko Dangote; among others.
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