African Bank’s digital focus pays off as retail deposits double
The group saw it third year of improved profitability to end-September, when retail deposits rose 115%
African Bank, the entity that arose from one of SA’s biggest banking collapses, said on Tuesday its focus on digital transactions was paying off, with retail deposits more than doubling in its year to end-September.
The company launched a zero-fee online banking channel MyWORLD during the period, with the company seeing retail deposit growth of 115% to R2.4bn...
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