African Banker magazine has announced the shortlist of nominees for this year’s edition of the African Banker Awards. The African Banker Awards are a landmark annual event for African banking and a part of the official programme of the African Development Bank (AfDB) Annual Meetings. The theme of the overall AfDB Annual Meetings this year […]
Tag: XNSA_ETI
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 […]
Ecobank gets punished by Central Bank of Kenya for breaching forex regulation
Kenya’s apex bank suspended Ecobank for one week, starting from today till April 4th, 2022. In addition to the suspension, Ecobank Kenya will also have to reverse the exposure that arose when it breached the forex rule. Ecobank was also mandated to put measures in place that will prevent another breach. Ecobank Kenya Limited, a […]
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 […]
Meyer, Ecobank, Access Bank top stocks to watch this week
Top stocks to watch this week The market was up by 0.36 per cent last week as investors continued to be drawn by stocks following a good number of strong full-year corporate results as well as dividend declarations by some companies. More annual reports are due this week and next including those of big lenders […]
Ecobank to pay $40m dividends to shareholders
The Pan-African banking group, Ecobank Transnational Incorporated (ETI), is set to pay its shareholders dividends of $0.16 per share totaling $40 million for the year ended December 31, 2021. This implies approximately CFA90, N66.6, or 1.08 Ghana Cedi per share. For Nigerian and Ghanaian investors, this represents 5.5 times and 8.3 times, respectively, the most […]
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 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 […]
Ecobank, Learn Africa, GTCO top stocks to watch this week
More corporate reports for the 2021 financial year are due this week through the end of February and the current uptrend in the market will likely hang on them for sustainability if they are generally impressive. Stocks and sectors offering promise of strong return, dividend and scrip should be the focus of retail investors as […]
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 […]