Author: InvestAdvocate

UBA Mutual Funds Reward Unit Holders with Dividend

Three Mutual Funds managed by United Bank for Africa (UBA) Asset Management Limited rewarded their respective unit holders with dividends, their financial statement for the year ended March 31, 2011 has shown. The mutual funds comprised of UBA Balanced Fund, UBA Money Market Fund, UBA Bond Fund and UBA Equity […]

Sterling Bank grows profit by 91%

Sterling Bank Plc achieved impressive growths in profitability in the third quarter as aggressive business development initiatives and better credit risks management improved the balance sheet position of the bank. Third quarter report for the nine-month period ended September 30, 2011 released at the weekend (Friday 21/10/11) showed that profit […]

EU/IMF approve next aid tranche for Greece: euro zone source

Brussels (Reuters) – Euro zone finance ministers and the International Monetary Fund have approved the payment of the next tranche of financial support to Greece, a senior euro zone source told Reuters on Friday. The 8 billion euro payment is the sixth tranche from a total package of 110 billion […]