Darasimi Adebisi The Federal Inland Revenue Service (FIRS), and other tax authorities in countries where Nigerian banks operate, generated a total of N450.2billion as tax income from six Domestic- Systemically Important Banks (D-SIBs) in three years, a report by the National Bureau of Statistics (NBS) has revealed. These six D-SIBs are GTCO Plc (formally Guaranty […]
Ecobank Transnational Incorporated (ETI) has posted its 2021 half year unaudited results, recording a profit before tax which grew to $210 million. This translates to an increase of by $40 million, or 23 per cent, or in constant currency, by 28 per cent, driven by positive operating leverage, efficiency gains, and improving credit quality. In […]
By Taofik Salako, Deputy Group Business Editor Ecobank Transnational Incorporated (ETI) Plc- the holding company for Ecobank Nigeria and others – grew its profit after tax by 29 per cent to N62.6 billion in the first half, showing a steady outlook across the top-line and the bottom-line. Key extracts of the interim report and accounts […]
Ecobank and its MD, Akinwuntan Ecobank Transnational Incorporated (ETI) recorded a 33.04 per cent rise in its profit before tax for the first half of the year ended June 30, 2021. In its unaudited financial statement for the first half of the year 2021, Ecobank said its operating income improved by 15.35 per cent year-on-year […]
Ecobank Ghana, one of the investments of the Social Security and National Insurance Trust (SSNIT), has presented a dividend of GHS28.8 million for the year 2020 to the Trust. This represents an increase of 83 per cent over the 2019 dividend payment of GH¢15.7 million. Mr. Daniel Sackey, the Managing Director of Ecobank Ghana, presenting […]
Ecobank Ghana, one of the investments of the Social Security and National Insurance Trust (SSNIT), has presented a dividend of GH¢28.8 million for the year 2020 to the Trust. This represents an increase of 83 per cent over the 2019 dividend payment of GH¢15.7 million. Mr. Daniel Sackey, the Managing Director of Ecobank Ghana, presenting […]
The Trust’s investments in banks stood at GH¢1.76 billion as of December 2020 • Ecobank has presented GH¢28.8 million dividends to SSNIT for the 2020 year despite the impact of COVID-19 on banks • The Trust’s investments in banks stood at GH¢1.76 billion as of December 2020 • With 16.21% shares, SSNIT is the second-largest […]
The Ghana Stock Exchange was the best performing stock market on the African continent in the first half of the year, recording a staggering 36.13%in dollar term for investors. This is coming after a poor performance last year. The Accra Bourse also recorded 36.16% return in cedi term for investors. This was far above its […]
Ecobank Transnational Incorporated (“ETI”), the parent company of Ecobank Group, has announced plans to raise US$300 million from the international debt capital markets through the issuance of Tier 2 qualifying sustainability Notes pursuant to the United States Securities and Exchange Commission Rule 144A and Regulation S (the “Notes”). The leading financial institution listed on the […]
Prior to joining Ecobank, Akin Dada was the Managing Director for Citigroup Cameroon. Ecobank Transnational Incorporated, parent company of the Ecobank Group, has announcer the appointment of Akin Dada as Group Executive, Corporate and Investment Bank. Mr Dada joined Ecobank in 2017 as the Executive Director for Corporate Bank in Nigeria, and prior to his […]
The value of investments can go down in value as well as up, so you could get back less than you invest. Past performance does not necessarily indicate a financial product’s future performance. This website aims to provide information to help you make your own informed decisions. Our publications, ratings and analysis should be viewed as an additional investment resource, not as your sole source of information. This website does not provide personal advice based on your circumstances. To obtain advice tailored to your situation, please contact a professional financial adviser.