Ecobank Transnational Incorporated : Ghana PLC and its Subsidiaries PDF 113.36 KB

Ecobank Transnational Incorporated : Ghana PLC and its Subsidiaries PDF 113.36 KB

Summary statements of cashflows Group Bank (All amounts are expressed in thousands of Ghana Cedis) 2021 2020 2021 2020 Cash generated from operations Profit before tax 893,732 782,240 886,318 773,737 Depreciation of Right-of-use assets 16,833 13,509 15,097 11,748 Amortisation of intangible assets 23,061 9,495 22,870 9,310 Depreciation of property and equipment 25,753 27,194 24,819 26,233 […]

Market Value of Airtel, BUA Foods, Stanbic, Others Depreciate by N135.42bn in February

.Airtel market capitalisation now N4.735trn .Dangote Cement adds N219.8bn Kayode Tokede On the backdrop of aggressive profit-taking by investors’, the market capitalisation of 10 top losers on the Nigerian Stock Exchange Limited (NGX) depreciated by N135.42billion in the month of February 2022, market data has revealed Among the top losers on the Exchange in February […]

Ecobank Foundation appoints Elisa Desbordes-Ciss? as new Chief Operating Officer

Ecobank Foundation appoints Elisa Desbordes-Ciss? as new Chief Operating Officer

The Ecobank ( www.Ecobank.com ) Foundation has appointed Mrs. Elisa Desbordes-Cissé as its Chief Operating Officer. The Ecobank Foundation is the Corporate Social Responsibility arm of the Ecobank Group, the leading Pan-African Banking Group. Over the last few years, alongside key partners from global and Pan-African organisations, the Ecobank Foundation has made significant progress in […]

Fitch affirms Ecobank’s stable outlook

Fitch affirms Ecobank’s stable outlook

Fitch Ratings has affirmed Ecobank Nigeria Limited’s (ENG) Long-Term Issuer Default Rating (IDR) at ‘B-’ with a Stable Outlook. Fitch has upgraded the bank’s National Short-Term Rating to ‘F2(nga)’ from ‘F3(nga)’. According to Fitch, the IDRs of Ecobank are driven by its standalone creditworthiness, as expressed by its Viability Rating (VR) of ‘b-’, stating that […]

Nigeria: Access Bank, ETI, Zenith, 10 Others Generates N5.96 Trillion From Loans to Customers in 3 Years

Nigeria: Access Bank, ETI, Zenith, 10 Others Generates N5.96 Trillion From Loans to Customers in 3 Years

With the growing lending to private and individual customers, a total of 13 banks have generated N5.96trillion interest income from loans to customers between 2020 and 2018. This has demonstrated banks’ drive to support the Central Bank of Nigeria (CBN) aggressively lending to support the real sector and boosting banks’ earnings. Nigerian Banks with branches […]