Stakeholders and leaders in the banking industry across the West African sub-region are set to gather in Lagos at the “Future Banking Technology Summit” to discuss efforts aimed at increasing financial inclusion in the sub-region by 2020. The two-day summit which holds from April 24-25, will involve panel discussions and case studies showcasing the full […]
Tag: ecobank
Ecobank Ghana, GN Savings and Loans partner
Ecobank Ghana and GN Savings and Loans have signed a memorandum of understanding (MoU) for the establishment of a partnership between the two financial institutions. The agreement, signed last Friday at the offices of GN Savings, will see the two institutions work together in areas that will be mutually beneficial to them. The agreement became […]
Most Banks in Ghana have Moved onto EMV Card Standards
Card Banks that issue domestic cards have made some progress in converting them from magnetic stripes to Europay, MasterCard, Visa (EMV), the global standard for chip-based Debit and Credit Card transactions. The EMV technology has an enhanced security system and is therefore encouraged globally as the preferred bank card technology. The move is a joint […]
Glitz Africa holds first ever all-female CEO’s Breakfast Meeting in Accra
This year’s Glitz Africa Women of the Year Honors kick-started with what can be described as the first ever all-women CEO’s and business executives breakfast meeting in Accra. The Breakfast Meeting forms part of a three-day event to mark the Glitz Ghana Women of the Year Honors. Day one brought together, influential women from various […]
Ecobank Plans Sale Of $500m Eurobond
Ecobank Plans Sale Of $500m Eurobond Ecobank Transnational Incorporated has revealed plans to sell $500m Eurobonds at yields that may rank among the highest from emerging markets this year. Bloomberg reported on Thursday that talk in the market revealed that the notes were priced high nine per cent area as the bank said it planned […]
Ecobank Happy With Sustainable Growth, Value for Shareholders
By Dipo Olowookere Group Chief Executive Officer of Ecobank Group, Mr Ade Adeyemi, has expressed his excitement towards the rate at which the financial institution was growing after a turbulent period caused by economic crisis in Nigeria. Reacting to the financial statements of the company for the year ended December 31, 2018, released on Thursday, […]
Nyamagabe: Stalled wheat processing factory hurting farmers’ fortunes
A wheat farm in Uwinkingi Sector, Nyamagabe District. File. For the past few months, Nyamagabe district farmers have been grappling with low prices for wheat owing to the fact that the only available wheat processing facility in the area halted its operations. The stalled wheat factory, Gitare Mills, is the largest in the region. The […]
Witness tells court how ex-Ecobank staff allegedly committed N10m fraud
The first prosecution witness, Abba Helen Ezekiel, Wednesday, narrated before a Kaduna Kaduna State High Court how an ex-Eco bank staff, Daniel Abah Royce allegedly defrauded a customer N10 million. Royce is under prosecution before Justice Mohammed Tukur by the Economic and Financial Crimes Commission, EFCC. EFCC spokesman, Tony Orilade in a statement said Royce […]
GN Savings and Ecobank Ghana sign partnership agreement
Ecobank Ghana and GN Savings have signed a partnership agreement which will see the two institutions work together in areas that will be mutually beneficial. Signed on March 29, 2019, the ceremony was witnessed by officials of both companies. They included Dr. Papa Kwesi Nduom, Chairman of GN Savings; Dr Nana Kweku Nduom, Vice President […]
A Second Look At Ecobank FYE 2018: Takeaways From The Most Recent Conference Call
Key Highlights The Banks dollar revenue dipped -0.3% Profit before tax rose +51% on defined IFRS9 day one provision adjustments Day one provisioning came to $299m Non-interest income rose to 49% of total income in 2018 from 47% in 2017 Consolidated comprehensive income of ETI fell from $368.92m in 2017 to a loss of $43.24m […]