Ecobank Ghana Ecobank Ghana says, meeting the Minimum Capital requirements is not the end of capital growth for the bank as it continues to be the leading financial services provider in the country. To this end, despite an increase in profit for the year 2018, the bank has decided to hold on to dividends payment […]
Tag: ecobank
GCNet deploys Trade Facilitation Platform to increase revenue mobilization
Accra, May 3, GNA – The Ghana Community Network Services Limited (GCNet), a Public-Private Partnership, has deployed an upgraded version of its end to end smart clearance system for stakeholders to boost revenue collection for government for national development. The upgraded (Trade Facilitation Platform – TFP) is also designed to enhance user experience and improve […]
ETI’s tough measures yielding results as it posts $322 million profit
Ecobank Transnational Incorporated (ETI) says its measures to strengthen its foundations and position the bank to deliver long-term shareholder values is yielding positive results. “When we implemented our roadmap to leadership strategy which targets the achievement of a sustainable return on equity above the cost of equity over the long-term, it became apparent that the […]
Ghana: ECOBANK Ghana 2018 Profit Shoots Up … Plans Leverage Digital Platform to Promote Cash-Lite Agenda
Ecobank Ghana has delivered very strong profit before tax growth of 41 per cent year- on-year to GH₵506 million as at December 2018. The increased profitability performance was anchored on strong revenue growth, lower impairment charges coupled with successful execution of cost containment strategies. Revenues went up 17 per cent to GH₵1.3 billion with excellent […]
Nigeria: Treasury Bills, Bonds – CBN to Limit Banks’ Investment
The Central Bank of Nigeria (CBN) is to limit Deposit Money Banks (DMBs) access to government securities to redirect their lending focus to the private sector. CBN Governor, Mr. Godwin Emefiele, said yesterday in Abuja that the intention was to stimulate growth in the economy. The CBN unfolded its new policy direction on banks’ access […]
New notes go into circulation – Two cedi bill ‘not part of family’
In keeping with its commitment to improve the standard of Ghana’s currency, the Bank of Ghana (BoG) yesterday began the circulation of the newly upgraded cedi notes. However, there was a slow start to the circulation exercise as many of the banks in Accra and some of the regional capitals did not receive the upgraded […]
DEVELOPMENT BANK OF NIGERIA MD, OKPANACHI, BECOMES CIBN FELLOW
The Managing Director of the Development Bank of Nigeria, Mr. Tony Okpanachi, has become a fellow of the Chartered Institute of Bankers of Nigeria. The event was held at the Federal Palace Hotel, Victoria Island, Lagos on Thursday, May 16, 2019. Okpanachi was given this honorary fellowship awards alongside other five distinguished bankers in recognition […]
Africans Should Lead Continent’s Long-Term Health Investment Strategies
Project Syndicate : Investing in Africans’ Health Carl Manlan, 2016 New Voices fellow at the Aspen Institute and chief operating officer at the Ecobank Foundation “…Increasing health care spending in Africa is not a matter of ramping up aid … Rather, it is about getting private actors — especially Africans — to seize the relevant […]
Minister Matiza in NRZ funding storm
TRANSPORT minister Joel Biggie Matiza could have mislead parliament this week when he told legislators that South African rail, port and pipeline company, Transnet, and Diaspora Infrastructure Development Group (DIDG) failed to mobilise the US$400 million required to recapitalise the National Railways of Zimbabwe (NRZ) despite being furnished with indicative bank term sheets totalling close […]
Ecobank International posts a strong performance in 2018
Paris, 16 May 2019 – Following its annual general meeting held on April 29 2019, EBI SA, the international subsidiary of pan-African banking group Ecobank Transnational Incorporated (ETI), announces a strong improvement in its performance for the 2018 financial year. EBI SA posted a net banking income of €38.1 million and a net income of […]