Humphrey Muturi, the executive director and head of commercial banking in Kenya and East African Community at Ecobank. FILE PHOTO | NMG Ecobank has shifted to solar power in a move to reduce operation costs and ensure reliable power supply. The pan African bank has signed an agreement with solar energy company Distributed Power Africa […]
Tag: ecobank
Ecobank Group’s total assets rise to N10.2tr
Our Reporter ECOBANK Transnational Incorporated (Ecobank Group) Plc witnessed improvements in its balance sheet in 2020 as increased market share and expanded funding lifted total balance sheet size to N10.27 trillion. Unaudited report and accounts of Ecobank Group for the year ended December 31, 2020 released at the weekend showed that total assets rose from […]
Frances Adu-Mante appointed Board Chair of Absa Bank Ghana
The Absa Group has announced the appointment of Frances Adu–Mante as Board Chair of Absa Bank Ghana after securing the necessary regulatory approvals. Mrs Adu-Mante, who has served on the Board since September 2017 succeeds Charles Alexander Cofie, who completed his tenure as Board Chairman on Thursday, 31 December 2020. “I am delighted to confirm […]
NDIC to appeal IST judgment on all states Trust Bank
Nigeria Deposit Insurance Corporation (NDIC) has expressed intention to appeal against a ruling of Investment and Securities Tribunal (IST) asking it to pay Winners Medical Diagnostic & Research Institute Ltd the sum of 5,000,000. 00 at two per cent interest above the CBN MRR from March 2006 when NDIC took over All States Trust Bank […]
Investment Tribunal orders NDIC to pay IPO subscriber
Nduka Chiejina (Assistant Editor), Abuja The Investment and Securities Tribunal (IST) has ordered the Nigeria Deposit Insurance Corporation (NDIC) to pay a subscriber to an aborted initial public offering (IPO), in a landmark judgment that places the burden of uncompleted transactions on the NDIC. The IST ordered NDIC to pay Winners Medical Diagnostic and Research […]
Fitch: Ecobank has stable outlook, quality management
Fitch Ratings has assigned Ecobank Nigeria Limited (ENG) a Long-Term Issuer Default Rating (IDR) of ‘B-’ with a Stable Outlook, Viability Rating (VR) of ‘b-’ and National Long-Term Rating of ‘BBB (nga)’. The report noted that Ecobank’s IDRs are driven by its stand alone creditworthiness, as expressed by its Viability Rating (VR). The VR reflects […]
Fitch Rates Ecobank Nigeria Limited at ‘B-‘; Outlook Stable
Fitch Ratings – London – 28 Jan 2021: Fitch Ratings has assigned Ecobank Nigeria Limited (ENG) a Long-Term Issuer Default Rating (IDR) of ‘B-‘ with a Stable Outlook, Viability Rating (VR) of ‘b-‘ and National Long-Term Rating of ‘BBB (nga)’. A full list of ratings is below. KEY RATING DRIVERS IDRS and VR ENG’s IDRs […]
2 grabbed trying to renew dead doctor’s licence
Listen to article Two persons have been picked up by the police for attempting to renew the licence of a dead medical doctor to operate in Accra. The two have been identified as Regina Okan, an accountant of Christian Medical Centre in Nungua and Solomon Nii Armah. The two were grabbed after officials from the […]
AfCFTA: Ecobank is Well-Positioned to Make Payments Smooth – Ade Ayeyemi
Proshare Nigeria Pvt. Ltd. The Group Chief Executive Officer, Ecobank Transnational Incorporated (ETI), Ade Ayeyemi, has affirmed that the pan-African banking group is facilitating smooth and instant payments across Africa as countries start the implementation of the African Continental Free Trade Area Agreement (AfCFTA). Ayeyemi who made this assertion during an interview with the media […]
Odartey Lamptey sworn-in as deputy MD of GCB Bank
Emmanuel Odartey Lamptey, new deputy MD of GCB Bank Mr. Lamptey was sworn in as the DMD Operations and Executive Director of the Bank on Wednesday, 20th January 2021 by Justice Sophia Bernasko Essah, a Justice of the Court of Appeal, Ghana. The swearing-in ceremony was witnessed by the Chairman, Mr. Jude Arthur, and other […]