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Qatar banking sector displays resilience, says PwC report

Nigeria see surge in e-payment transactions hit N704 04 trillion in 2020

The value of electronic payment (e-payment) transtions rose year-on-year (YoY) by 325 per cent to N704.04 trillion in 2020 from N165.8 trillion in 2019. Similarly, the volume of e-payment transactions rose YoY by 142 per cent to 7.16 billion in 2020 from 2.96 billion in 2019. Vanguard analysis of data from the National Bureau of Statistics (NBS) Selected Banking Sector Report further showed that value of Non Performing Loans (NPLs) ticked up by 16 per cent to N1.23 trillion in 2020 from N1.05 trillion in 2019. Similarly, banks’ credit to the private sector recorded growth during the period. Analysis showed that banks’ credit to the private sector grew by 121 per cent to N77.53 trillion in 2020 from N64.11 trillion in 2019.

E-payment transactions rise by 325% to N704 trn in 2020

E-payment transactions rise by 325% to N704 trn in 2020 On By Elizabeth Adegbesan The value of electronic payment (e-payment) transtions rose year-on-year (YoY) by 325 per cent to N704.04 trillion in 2020 from N165.8 trillion in 2019. Similarly, the volume of e-payment transactions rose YoY by 142 per cent to 7.16 billion in 2020 from 2.96 billion in 2019. Vanguard analysis of data from the National Bureau of Statistics (NBS) Selected Banking Sector Report further showed that value of Non Performing Loans (NPLs) ticked up by 16 per cent to N1.23 trillion in 2020 from N1.05 trillion in 2019. Similarly, banks’ credit to the private sector recorded growth during the period. Analysis showed that banks’ credit to the private sector grew by 121 per cent to N77.53 trillion in 2020 from N64.11 trillion in 2019.

Qatar banks assets rose by 3 7% in first nine months of 2020: PwC

 19 Jan 2021 - 8:17 File photo used for representation only. The Peninsula Doha: The aggregated total assets of Qatar’s eight listed commercial banks on the Qatar Stock Exchange grew by 3.7 percent to QR1.69 trillion in the first nine months of 2020 (Q3 2020), according to PwC in its latest ‘2020 Qatar Banking Sector Report’.  The report added that the banks’ aggregated loans and advances to customers grew by 4.5 percent to reach QR1.17 trillion, showing a steady growth in 2020 despite the implications of the COVID-19 pandemic.  The eight listed commercial banks on the Qatar Stock Exchange are Ahli Bank, Commercial Bank of Qatar, Doha Bank, Khaliji Bank, Qatar International Bank, Qatar International Islamic Bank, Qatar National Bank, and Rayan.

Transaction volume for Direct debits jumps by 54% as more Nigerians adopt usage

Transaction volume for Direct debits jumps by 54% as more Nigerians adopt usage
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