Tag : financial capacity

AD Ports Group Signs Collaboration Agreement with Africa Finance Corporation
Finance News

AD Ports Group Signs Collaboration Agreement with Africa Finance Corporation

Fintech News Desk
New partnership will look to address infrastructure gaps across Africa, including integrated ports, warehouses, maritime and logistics hubs AD Ports Group, the leading global facilitator of trade, logistics, and industry, has signed a collaboration agreement with the Africa Finance Corporation (“AFC”), the leading infrastructure solutions provider in Africa, to address......
Equitable Bank Completes Acquisition of Concentra Bank
Banking News

Equitable Bank Completes Acquisition of Concentra Bank

Fintech News Desk
Acquisition accelerates growth, plus diversification of funding and revenue for Canada’s Challenger Bank Equitable Bank, a wholly owned subsidiary of EQB Inc, announced it has completed the acquisition of Concentra Bank for a premium of $35.7 million to its $459.7 million book value of common equity, subject to final standard closing purchase price adjustments. “The......
FIS Updates Capital Allocation Strategy
Banking Fintech News

FIS Updates Capital Allocation Strategy

Fintech News Desk
Key facts: Prioritizes investments for growth, both organically and through mergers & acquisitions (M&A). Accelerates annual dividend growth rate to 20% per year beginning in 2022 to gradually increase the company’s dividend payout ratio to approximately 35%. Returns excess capital to shareholders through ongoing share repurchase under existing 100 million......
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