The primary function of the Formations + Transactions Unit is to act upon and make recommendations on applications and notifications filed by state member banks, bank and financial holding companies, ...
Guaranty Trust Bank (GTBank) has informed its customers of an upcoming transition to a new and advanced Finacle Core Banking Application System. In a message sent to customers, the bank outlined the ...
On December 12, the OCC announced it conditionally approved five applications for national trust bank charters. The approvals included two de novo charters and three conversions from state trust ...
1. Nostro Account: An account a bank holds with a foreign bank. For instance, a Ukrainian bank may have a Nostro account with a German bank. 2. Vostro Account: An account a foreign bank holds with ...
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Internet Banking for Umurenge Saccos Set for December 2026
The rollout of internet banking services across Umurenge Savings and Credit Cooperatives (U-SACCOs), including a dedicated mobile application and online banking platform is expected by December 2026, ...
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