Dr Ernest Addison (2nd left) in a chat with journalists after the news conferrence The five indigenous banks that the Ghana Amalgamated Trust Limited (GAT) Limited is supporting to recapitalise have now met the Bank of Ghana’s (BoG)GH¢400 million capital directive, the Governor Central Bank, Dr Ernest Addison, has confirmed. Dr Addison said the central […]
Tag: ecobank
Software of Pegasus machine was taken away for non payment – Investigator
File Photo The Investigator in the National Communication Authority (NCA) trial on Thursday admitted that the Pergasus equipment purchased was received but the software that would have made it operational was taken away by the Israeli company after installation. Chief Inspector Michael Nkrumah said the Israeli company took the software away because the equipment had […]
My wife is an extraordinary pillar — Asantehene
Lady Julia The saying that behind every successful man there is a strong and wise woman holds true at the Manhyia Palace. Otumfuo Osei Tutu II appreciates the role his wife, Lady Julia, has played in the success story of his reign. Speaking exclusively to the Daily Graphic at the Manhyia Palace in Kumasi last […]
‘CAMELS’ analysis of 2018 Ghana`s banking sector performance
The years 2017 and 2018 will go down memory lane as the period in which the central bank of Ghana stepped up its game to reform and address some ailing issues in Ghana`s financial sector. The actions of the Bank of Ghana were aimed at sanitising the industry. Some of the earlier regulatory activities were […]
Ecobank Grows Profit by 46% to N102bn in 2018
Ecobank Nigeria has released its audited financial results for the year ended December 31, 2018, to the Nigerian. A review of the results shows positive performance across all financial metrics and improved strategic positioning of the brand. Ade Ayeyemi, Group CEO said, “Our financial performance in 2018 was remarkable in many ways and reflected the […]
Excitement greets arrival of EcobankPay Zone on Lagos Island Markets
It was excitement and fun at Oluwole Market, Lagos Island, as Ecobank Nigeria launched its innovative digital payment solution, EcobankPay zone in the market on Wednesday. Traders and market leaders who spoke at the event were filled with commendation for Ecobank for introducing EcobankPay zone to their markets, stressing that it would bring ease of […]
Ecobank Launches Pay Zone At Ariaria Market
Augusto, GCR Award Investment Grade To NOVA Merchant Bank In furtherance of its plans to scale its operation this year, NOVA Merchant Bank Limited, in yet another milestone, has received an investment grade rating from both Agusto & Co (Bbb) and Global Credit Ratings (BBB-). The reasons given for the bank’s rating include the strength […]
EcobankPay partners TerraKulture to promote African Culture
EcobankPay, the lifestyle digital payment and collections service of Ecobank Nigeria has entered into a partnership with TerraKulture, Nigeria’s foremost stage play and cultural show promoters with Bolanle-Austen Peters as lead. Ecobank Through this partnership, Ecobank intends to support the promotion of African arts and culture starting from April 2019. For each festive season, there […]
Ecobank Sold First Eurobonds in 18 months
Ecobank Transnational Incorporated has sold $450 of Eurobonds, the first debt sale from a lender with shares listed on the Nigerian Stock Exchange in 18 months. Bloomberg reported that the bank sold the Eurobonds on Thursday at yields that ranked among the highest from emerging markets this year. Renaissance Capital said in a statement that […]
Ecobank takes EcobankPay zone to South East market
Ecobank Nigeria has taken its digital product, EcobankPay Zone to the South East market with a launch at the popular Ariaria Market, Aba. Managing Director, Ecobank Nigeria, Patrick Akinwuntan while launching the product at the market said it will facilitate easy, secure and convenient transactions for merchants within Ariaria and other surrounding markets. The EcobankPay […]