AFRICAN BANKS POST LOSSES

AFRICAN BANKS POST LOSSES

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Bankers across Sub-Saharan Africa predict the banking industry could be headed for a rather difficult period following a 22% drop in profits in the first quarter of 2016.

The report, dubbed ‘Sub-Saharan African Investment Total Transaction,’ showed that overall, 43% of the customers shunned banks as the cost of credit remained high through the period.

We have a report.

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