Ghana has recorded a reduction in its malaria-related deaths by 85 percent. In 2018 malaria deaths recorded in the country were 428, down from 2,799 deaths recorded in 2012. This represents 85 per cent reduction rate in deaths related to malaria in all ages, according to the National Malaria Control Programme (NMCP). The country’s under […]
Tag: ecobank
Absa moves IT platforms for Africa ops
Absa has moved data platforms and IT systems for its banking operations in Africa from Barclays plc’s datacentre in the UK to its own centre in South Africa. The movement of the datacentre, IT systems and customer transaction processing platforms is part of Barclays’ divestment from its Africa interests formerly housed under Barclays Africa, now […]
BoG survey presents mixed results on ATM charges, minimum operating balance costs
Charges on ATM are split into 3: charges on issuing, withdrawal and ATM card maintenance A report chronicling various charges on products and services offered by banks in the country has presented a mixed picture of ATM charges by the banks. The report – Survey of Bank Charges, March 31st, 2019 conducted by the Financial […]
Ghana leads in performance of Ecobank Group despite banking challenges in 2018
Ghana is leading its Anglophone West African counterparts in Ecobank Group’s financial performance for the year 2018. The Ecobank Group increased its profit before tax by 51 per cent from $288 million to $436 million as compared to 2017. Commercial banking for the Group last year returned to a profit, after recording a loss in […]
Ecobank Promises to Sustain Impressive Performance
Peter Uzoho in Lome, Togo The Chairman of Ecobank Transnational Incorporated (ETI), parent company of all Ecobank subsidiaries, Mr. Emmanuel Ikazoboh, has assured stakeholders that efforts are being intensified to sustain the positive performance recorded by the financial institution going forward. Ikazoboh stated this while presenting the bank’s 2018 financial report at the 31st annual […]
Ecobank PAT up 82% on interest income
BY TATIRA ZWINOIRA ECOBANK Zimbabwe Limited reported an 82% increase in after-tax profit to US$40,04 million for the year ended December 31, 2018 due to increased net interest and non-interest income. The improvement in profit after tax was from a previous of US$22,02 million recorded over the comparative 2017 period. “The bank reported an 81,8% […]
Wema, Ecobank advocate better security technologies to tackle digital fraud
The Chief Executives of Wema and Ecobank have advocated for policies to address issues of security, privacy and trust akin to emerging disruptive technologies to tackle digital technology frauds and ensure businesses success. They made the call at Institute of Chartered Accountants of Nigeria’s first edition of the accounting technology summit in Lagos with the […]
Ecobank Group CFO resigns
E cobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, has announced the resignation of its Chief Financial Officer (CFO), Greg Davis. In a statement, it said the CFO was leaving to enable him spend more time with his young family in the United Kingdom. The bank’s directors have accepted Davis’ resignation. They […]
Ecobank’s Rapid Transfer App wins Asian Banker Awards
L-R) David Gyori, International Resource Director, The Asian Banker; Linus Adaba, Group Head, Remittances & Mobile Money, Ecobank; Carol Oyedeji, Executive Director, Consumer Banking, Ecobank Nigeria; Folorunsho Orimoloye, General Manager, eProcess Nigeria, Ecobank and Urs Bolt, International Resource Director, The Asian Banker Ecobank’s Rapid Transfer App has been named Best Remittance Product and Service of […]
Ecobank partners with BAP, Terra Kulture to lift African cultural heritage
Annie Roberts BAP Productions in collaboration with TerraKulture and Ecobank Nigeria Limited have entered into partnership to promote African cultural heritage through the arts.The institutions made the disclosure at the signing of a Memorandum of Understanding (MoU) during which they affirmed that the collaboration would benefit African and Nigerian arts and culture. Speaking at the […]