Ecobank Transnational Incorporated (“ETI”), the parent company of Ecobank Group, has announced plans to raise US$300 million from the international debt capital markets through the issuance of Tier 2 qualifying sustainability Notes pursuant to the United States Securities and Exchange Commission Rule 144A and Regulation S (the “Notes”). The leading financial institution listed on the […]
The Ecobank Ghana PLC recorded a net profit of ¢549.8 million in 2020 against ¢444.9 million in 2019, representing an increase of 24 per cent. Customer deposits also rose from ¢99.7 billion in 2019 to ¢11.8 billion, an increase of 21 per cent. Terence Ronald Darko, the Board Chairman of the Bank, disclosed this at […]
Shareholders of Ecobank Ghana will receive an amount of 55 pesewas per share as dividend from the bank with respect to the 2020 financial year This is a 100% increase over that of the 2019 dividend payment. It follows approval by the Bank of Ghana for the increment and payment. Speaking to shareholders of the […]
Proshare Nigeria Pvt. Ltd. The Chartered Institute of Bankers of Nigeria (CIBN) has unveiled a new Strategic Initiatives with the acronym "A-TEAM" being part of efforts by the institute to revamp banking practice in Nigeria. Speaking during a courtesy visit to the Management of Ecobank Nigeria, the President/Chairman of Council, CIBN, Bayo Olugbemi explained that […]
(L-R) Dele Alabi, MD, ETI Specialised Finance Company/ National Treasurer CIBN; Patrick Akinwuntan, MD/CEO, Ecobank Nigeria; Bayo Olugbemi, the President/Chairman of Council, CIBN and Professor Pius Olarewanju, 2nd Vice President, CIBN The Managing Director, Ecobank Nigeria, Patrick Akinwuntan has pledged more support and collaboration with the Chartered Institute of Bankers of Nigeria (CIBN), the umbrella […]
GHQR is Ghana’s national Quick Response (QR) camera scan & pay service A revolutionary new digital payments service, myGHQR.com is set to transform the payments landscape and position Ghana among the top cashless economies of the world. The service is developed by Hubtel, a leading enhanced payments service provider and is set to launch in […]
Mobile money revenue of MTN Ghana far exceeded that of the largest Nigerian banks in 2020, according to a report by telecom expert, Eric Osiakwan The Nigerian banks included FBN, Access Bank, UBA and Zenith Bank. The leading mobile network in Ghana registered $216.4 million revenue from MoMo transactions in 2020. This is compared with […]
Standard Bank Group, Africa’s biggest bank, rewarded for its COVID-related and women empowerment programmes; Access Bank’s Herbert Wigwe wins Banker of the year for second consecutive year; Innovation and resilience featured highly in this year’s entries; Organisers highlighted that economic recovery will only happen with greater equity investments on the continent; African Banker Icon highlights […]
Standard Bank Group was on Wednesday named African Bank of the Year by a leading publication in recognition of the banking giant’s achievements in fighting the Covid-19 pandemic and empowering women. African Banker ( https://bit.ly/2T1pgvl) magazine announced the winners of its 2021 Awards at a virtual ceremony held on the side-lines of the African Development […]
The bank is also considering launching virtual cards. The Central Bank of Nigeria (CBN) on Thursday said its digital currency may be launched by the end of 2021. Rakiya Mohammed, an Information Technology Specialist with CBN, made the disclosure at an online news briefing at the end of Bankers Committee meeting. According to her, the […]
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