African Bank published its full-year report recently. The financial institution saw a significant rise in profitability and huge growth of its MyWORLD accounts.
“The group recorded a total of 1,253,000 MyWORLD accounts have been opened to date, up 69% from 741,000 accounts in 2021. Of these accounts, 712,000 are funded accounts, a growth of 79%, year-on-year.”
BusinessTech
With recent approvals for its acquisition of Grindrod Bank, African Bank is set to tackle the business banking market.
To read the full article about the growth of African Bank, please read, “African Bank adds over 500,000 new accounts – as it eyes a big move to business banking“.
