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African Bank's digital focus pays off as retail deposits double

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African Bank's digital push is paying off. The group's zero-fee online banking channel, My World has helped more than double its annual retail deposits. African Bank expects this transactional banking product to fast-track the company's efforts to broaden its customer base and diversify its revenue streams. Operating profit in the meantime is up by 11% while net profit after tax grew 12% marking the third successive year of profit growth. Company's CEO, Basani Maluleke joined Business Day TV with more on the growth they’re seeing in the current economic climate...
26 Nov 2019 1AM English South Africa Business · Business News

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