Banking
QNB Most Valuable Banking Brand in Middle East, Africa
By Dipo Olowookere
Largest financial institution in the Middle East and Africa, QNB Group, was recognized once again as the most valuable banking brand in the region with brand value worth $4.2 billion, according to The Banker’s 2018 Brand Finance Global 500 report published in its February edition.
QNB’s brand value has grown to $4.2 billion compared to $3.8 billion in 2017, an 11 percent year-on-year increase, while the Group’s Brand Strength Index (BSI) has increased from 76.4 out of 100 to 78.4 out of 100, driven by its constant strong financial performance and growing international expansion.
QNB also marked a new and significant milestone in support of its vision to become a leading bank in the Middle East, Africa, and Southeast Asia by 2020, ranking second most valuable banking brand in Southeast Asia (SEA) ahead of major banks in Malaysia, Indonesia, Thailand, Philippines, and Singapore.
The Group also maintained its AA+ brand strength rating, making it the strongest banking brand in the region and could rank higher in the future as it continues to build its customer base and reinforce its brand. QNB is also the only Qatari brand to be among the top 100 banking brands in the world.
The current increase in value means that the Group is now ranked 425 across all global brands, up from 433 last year.
This recognition reflects QNB’s strong and consistent financial performance and growth rates, along with its international presence, which spans many of the world’s leading financial centres, including London, Paris, Geneva, Mumbai and Shanghai.
In addition to its brand engagement, the Group delivered a solid set at the year-end of 2017 with a net profit of QAR13.1 billion ($3.6 billion), up by 6 percent compared to the previous year driven by its asset growth by 13 percent from December 2016 to reach QAR811 billion ($223 billion), the highest ever achieved by the Group.
QNB Group also increased customer deposits by 16 percent to reach QAR586 billion ($161 billion) from December 2016.
General Manager of QNB Group Communications, Mr Yousef Darwish, said, “Being named as the most valuable bank in the Middle East and Africa region in 2018 and ranking second most valuable banking brand in SEA are a true testament to our vision, strategy, execution and strong results.”
“This new achievement also illustrates how far we have progressed in our ambition to be a leading bank in the Middle East, Africa and Southeast Asia (MEASEA) by 2020,” he added.
“The QNB brand has improved as a national modern icon of banking excellence that reflects the bank’s long-standing legacy associated with innovation.
“It also reflects our commitment to offer innovative banking products and services that exceed customer expectations and provide a unique banking experience that has made us the first banking choice,” Mr Al Darwish concluded.
For his part, David Haigh, CEO of Brand Finance, commented that, “Amidst trying times for the reputation of the banking industry as a whole, QNB manages not only to attract customers in new markets, such as South East Asia, but also to solidify its image among the existing customer base.”
Brand Finance, the world’s leading independent branded business valuation and strategy consultancy, is the company behind the Brand Finance Banking 500, a league table of the world’s biggest banks ranked by their brand value, assesses the dollar value of the reputation, image and intellectual property of the brand, which is published every year in collaboration with The Banker magazine.
The Banker has been providing global financial intelligence since 1926 is the world’s longest running international banking title and the leading monthly title of the Financial Times Group and remain a key source of data and analysis for the industry.
QNB Group’s presence through its subsidiaries and associate companies extends to more than 31 countries across three continents providing a comprehensive range of advanced products and services. The total number of employees is more than 28,200 operating through more than 1,230 locations, with an ATM network of more than 4,300 machines.
Banking
Standard Bank Hosts 2nd African Markets Conference
By Modupe Gbadeyanka
The second African Markets Conference (AMC) will take place in Cape Town, South Africa, from Sunday, February to Tuesday, February 24, 2026.
The event, hosted by Standard Bank, will bring together global institutional investors, sovereign wealth funds, and African policymakers to catalyse the flow of capital into the continent’s most critical sectors.
The theme for this year’s edition is Mobilising Global Capital at Scale for Africa’s Growth and Development.
AMC 2026 will host a high-level delegation of decision-makers, ensuring that the dialogue leads to tangible commitments.
The conference will be structured around five high-impact pillars designed to move the needle on investment, including prioritising infrastructure as an asset class, accelerating the energy transition, deepening African capital markets and mobilising private capital, enabling intra-African trade and flows of capital, and addressing Africa’s sovereign debt and cost sustainability.
It is estimated that by 2050, Africa will add one billion people, more than half in cities, yet it invests only $75 billion of the $150 billion it needs annually for infrastructure. Standard Bank aims to use AMC 2026 to ensure that African priorities remain at the centre of the global financial discourse.
“This year’s engagement bridges the gap between policy ambitions and market realities. Africa urgently needs practical measures to deepen capital pools, improve market liquidity, and strengthen regulatory frameworks that give investors the confidence to deploy capital at scale.
“Mobilising capital is not just about funding projects; it is about building the foundation of a more balanced and inclusive global economy,” the chief executive of Corporate and Investment Banking at Standard Bank Group, Luvuyo Masinda, stated.
Banking
Fidelity Bank Shows Love to Ikoyi Correctional Centre Inmates
By Aduragbemi Omiyale
Inmates at the Ikoyi Correctional Centre in Lagos were recently full of joy when Fidelity Bank Plc donated some relief items to them.
The financial institution, through its Corporate Social Responsibility (CSR) initiative known as Fidelity Helping Hands Programme (FHHP), handed over various household tools and gift items to the leadership of the correctional facility as part of its efforts to support the rehabilitation and development of indigent persons in society.
The Chief Human Resources Officer of Fidelity Bank, Mr Charles Nwachukwu, reaffirmed the bank’s deep commitment to transforming lives and restoring hope, emphasising that true progress lies not only in financial growth but in extending compassion and opportunity to those that society often overlooks.
“At Fidelity Bank, we believe that every individual deserves a second chance. Our approach to Corporate Social Responsibility is rooted in empathy, standing with communities, uplifting the vulnerable, and opening doors for brighter futures.
“By supporting inmates today, we are setting them on the true path of rehabilitation, empowering them to return tomorrow as productive and confident members of society,” the banker said.
The Deputy Controller of Corrections at Ikoyi Custodial Centre, Mr Julius Ogueri, who could not hide his excitement over the gesture, appealed to Nigerians to avoid cybercrimes and stigmatisation of ex-inmates.
Highlighting the challenges faced by correctional facilities in Nigeria, Mr Ogueri noted that Ikoyi correctional center initially designed for 800 inmates, now houses over 3,000 inmates, with 396 convicted persons and 3,604 awaiting trial.
Whilst thanking the bank, the Deputy Controller also emphasised the importance of rehabilitation, citing examples of inmates who have pursued education and skills acquisition, including 72 inmates studying with the National Open University of Nigeria and 120 inmates who have benefited from WAEC and GCE support.
Business Post reports that through the FHHP, staff across Fidelity Bank branches nationwide identify crucial interventions needed in their immediate community and raise funds to execute them. The bank’s management then matches this contribution with an equal amount and disburses it for the selected project.
The visit to the Ikoyi Correctional Centre reinforces the lender’s unwavering commitment to meaningful community impact and demonstrates its strong dedication to advancing social responsibility and rehabilitation efforts across the society.
Banking
Ecobank Nigeria Introduces Business App for SMEs to Accelerate Growth
By Dipo Olowookere
A new digital banking platform created to help business owners in the country to eliminate delays, queues, and operational inefficiencies has been introduced by Ecobank Nigeria.
This mobile application is to strengthen the growth and sustainability of Small and Medium Enterprises (SMEs) across Nigeria, allowing them to manage payments, monitor transactions, oversee cash flow, and run day‑to‑day financial operations directly from their mobile devices.
The Ecobank Business app, now available on the Google Play Store and Apple App Store, cements the bank’s position as a dependable growth partner to SMEs across all sectors, delivering tools that help businesses manage better, grow faster, and operate more competitively in a digital economy. – Ecobank Business — Your Growth Partner.
The introduction of this initiative further reinforces Ecobank’s broader commitment to empowering SMEs through digital innovation, sector‑specific value propositions, and financial solutions like structured loans, trade support, guarantees, and equipment financing.
It also aligns with the lender’s push to re-energise dormant SME accounts, deepen market penetration, promote digital adoption, and scale value‑chain financing through partnerships with corporate anchors.
According to the Executive Director for Consumer and Commercial Bank at Ecobank Nigeria, Mr Kola Adeleke, the Ecobank Business App was developed to address the unique challenges faced by Nigeria’s diverse SME landscape.
Speaking at the unveiling in Lagos, he explained that the platform caters to traders, retailers, tech start-ups, online businesses, hospitality operators, farmers, agro‑processors, manufacturers, construction firms, professionals, social commerce entrepreneurs, schools, associations, and organisations that require transparent and efficient financial management.
Mr Adeleke noted that the app delivers faster payment collection for merchants and retailers, seamless digital transactions for online businesses, efficient vendor and staff management for hospitality players, timely payment solutions for agriculture value chains, and secure handling of bulk and high‑value transactions for manufacturers and construction firms.
He added that professionals such as lawyers and consultants can issue invoices and receive payments easily, while schools and associations can streamline fees, dues, and reporting from a single platform.
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