WARNING: This is Version 1 of my old archive, so Photos will NOT work and many links will NOT work. But you can find articles by searching on the Titles. There is a lot of information in this archive. Use the SEARCH BAR at the top right. Prior to December 2012; I was a pro-Christian type of Conservative. I was unaware of the mass of Jewish lies in history, especially the lies regarding WW2 and Hitler. So in here you will find pro-Jewish and pro-Israel material. I was definitely WRONG about the Boeremag and Janusz Walus. They were for real.
Original Post Date: 2011-07-25 Time: 05:00:01 Posted By: News Poster
By Isaac Omoding
The report shows that Africa’s middle class has tripled over the last three decades to 313 million, or approximately 34% of Africa’s population. It states that the rapid increase in the number of middle class is attributed to strong economic growth and a shift towards a stable, salaried job culture as well as entrepreneurial activity, as opposed to traditional agricultural activities.
Taping into this growth has seen Ecobank Transnational Incorporated, the parent bank of Ecobank Uganda wining the “Best Bank in Africa” in Euromoney’s 2011 Excellence Awards at a ceremony held in London last week. Ecobank has a presence in 32 African countries including all the five East African countries. It has eight branches in Uganda.
The AfDB report emphasises the rapid increase in middle class citizens which has occurred since 2000. In 1980, there were approximately 111 million middle class citizens: 26% of Africa’s population. In 1990, the number had risen to 151.4 million (27%), and in 2000, to 196 million (27.2%). By 2010, the number stood at 313 million (34%).
In its evaluation, Euromoney highlighted Ecobank’s unparalleled reach in Africa and its role in providing the banking infrastructure for Africa’s growing middle class and in facilitating banking transactions across the continent for companies and individuals alike.
Commenting on the Group’s achievement, Arnold Ekpe, Ecobank’s CEO, said: “Our vision has always been to provide world-class banking services, whilst also enhancing the financial integration of Africa.”
Back home, Ecobank’s Uganda managing director Dele Alabi said in the close of 2010, Ecobank Uganda recorded significant growth in its core financial performance indices. The balance sheet footing increased by 43% from sh63.5b in 2009 to sh90.8b in 2010. Customer deposit base amounted to sh68b representing a growth of 49% compared to the sh45.5b recorded in 2009. Loans and advances grew by 97% from sh23.5b in 2009 to sh46.3b in 2010. Gross earnings increased from sh4.2b in 2009 to sh13.6b in 2010. Loss before tax reduced by 54% from approximately sh14b in 2009 to sh6.4b in 2010. Dele says he expects further improvement in the bank’s financial performance, based on the strong platform and strategies already put in place.
Globally, Deutsche Bank was recorganised as the world’s best bank for outperforming its peers while undertaking a thorough overhaul of its business, including the acquisition of Postbank in Germany, while de-risking and repositioning its investment bank.
Barclays Capital was announced the world’s best investment bank. Since its takeover of Lehman Brothers in the US in 2008, Barclays has transformed its investment bank.
Euromoney named Roberto Setubal, the chief executive of Brazil’s Itau Unibanco as the Banker of the year. Euromoney says Itau Unibanco has become one of the 10 biggest banks in the world by market capitalisation which now stands at over $100b compared to just $2b when Setubal become CEO in 1994.
Clive Horwood, Euromoney’s editor said, “The annual Euromoney Awards for Excellence, now in their 20th year, continue and remain to be amongst the most respected awards and benchmark in the financial services industry. All the awards have one central theme; they recognize institutions and individuals that demonstrate leadership, innovation, and momentum in the markets in which they excel. The awards covered more than 20 global categories and almost 100 countries, the highest number ever he said.
Original Source: 
Original date published: 20 July 2011
Source: http://allafrica.com/stories/201107250050.html?viewall=1