#Ecobank

[tracknews1]

Ecobank workers protest inadequate severance pay

Over 150 Ecobank employees in Nigeria are expressing outrage over what they describe as inadequate severance pay following their abrupt termination on December 22, 2023. The affected workers, who had served the bank for 10 to 22 years, were given their termination letters on December 22, with the termination officially taking effect on January 31, 2024. On that day in December, Ecobank disabled…

[mbokomagazine]

JNM 2024 : l’heure de manager par la valeur.

Il est de notoriété qu’une fois les intérêts énoncés, la donne change en tous points. Alors que d’une part, l’on se retrouve sous pression par l’obligation de résultats, d’autre part, les autres ne restent pas inactifs. C’est un tout fait d’interactions qui à termes, voient les uns gagnants, et les autres, aspirant à gagner. Dans cet ordre d’idées, force est de constater que l’avantage du terrain…

[touchaheartnews]

Ecobank MySME Growth Series: Proper Packaging and Basic Certification are Critical for SME Exports, Says Expert

Small and medium enterprises (SMEs) in Nigeria have great potentials and opportunities to earn foreign exchange (forex) if their products are well branded and packaged to meet international standards. Managing Director/Chief Executive, Export and Sell Limited, Nduka Udeh made this submission in his presentation titled: Earning FX By Exporting to USA and Canada, delivered at the Ecobank MySME…

[truetellsnigeria1]

Ecobank MySME Growth Series: Proper Packaging and Basic Certification are Critical for SME Exports, Says Expert

Small and medium enterprises (SMEs) in Nigeria have great potentials and opportunities to earn foreign exchange (forex) if their products are well branded and packaged to meet international standards. Managing Director/Chief Executive, Export and Sell Limited, Nduka Udeh made this submission in his presentation titled: Earning FX By Exporting to USA and Canada, delivered at the Ecobank MySME…

[guineamarket]

Ecobank elegido mejor banco para PYMEs en África por Euromoney

Ecobank gana, una vez más, el codiciado premio Mejor banco para Pequeñas Y Medianas Empresas (PYMEs) en África de Euromoney Al seleccionar a Ecobank como el Mejor banco para PYMEs en África, los jueces basaron su decisión en el duradero e inquebrantable compromiso de Ecobank de satisfacer las necesidades de las PYMEs LOMÉ, Togo, 17 de julio de 2023/– Ecobank (www.Ecobank.com), el principal grupo…

[thxnews]

Ecobank's AGM: Key Resolutions Passed at 35th Annual Meeting

  Ecobank Transnational Incorporated, the parent of the Ecobank Group, the leading pan-African bank with a presence in 35 African countries, held its 35th Annual General Meeting (AGM) and an Extra Ordinary General Meeting, today in Lomé, Togo. At the meeting, shareholders approved the accounts and the appropriation of profits for 2022. In addition, shareholders voted for the re-election of Mr Simon Dornoo, Professor Enase Okonedo, Dr George Donkor, Mr Deepak Malik and Ms Zanele Monnakgotla as directors of Ecobank Transnational Incorporated. The co-option of the Managing Director, Mr Jeremy Awori, as a director, was also ratified.  

The Board of Directors of ETI listen to a shareholder ask a question during ETI's 35th AGM in Lome, Togo. Photo by Ecobank.   Furthermore, shareholders approved the resolution authorising to raise senior-ranked debt, additional Tier 1, Tier 2-qualifying subordinated debt or a combination of any of these forms of instruments as the board of directors may deem appropriate.   Alain Nkontchou, Ecobank Group Chairman, said: “Ecobank is a powerhouse in the African banking landscape and is positioned to support and facilitate the growth and development of African businesses as they grasp the immense single market opportunities created by the African Continental Free Trade Area. Quite simply, Ecobank is the solution for SMEs and corporates. The strength of our borderless payment, collection, working capital and financing solutions exemplifies this.”   Jeremy Awori, Chief Executive Officer, Ecobank Group, commented: "In 2022, Ecobank demonstrated strong financial results and performance, despite the challenging economic conditions of high interest rates, inflation, and Ghana's debt restructuring. This success can be attributed to the bank's diversified business model, digital expertise, innovative approaches, growth momentum, and efficiency. These strengths allowed the bank to navigate the adverse economic environment, absorb the impact of the debt restructuring, and continue to thrive.”   The holding company’s (Ecobank Transnational Incorporated) profit for the year was $222 million compared with $295 million in 2021. The Group’s profit before tax, net revenue and total assets increased by 13 per cent, 6 per cent and 5 per cent, to $540 million, $1,862 million and $29,004 million, respectively. In addition, the return on tangible equity of 21.1% in 2022 is the highest Ecobank has achieved in the last decade. For the first quarter of 2023, our Group performance results are showing momentum as we continue to benefit from our pan-African and diversified business model, efficiency, balance sheet stability, deep customer relationships and the hard and smart work of all Ecobankers.  

Ecobank Ghana Head Office in Accra. Photo by Fkoku. Wikimedia.   Ecobank is one of the leading banking groups in Africa and by far the largest in terms of countries of presence. It is renowned for its continuous delivery of innovation and excellence in customer service to its broad range of Consumer, Commercial, Corporate and Investment Banking customers. The bank has significantly invested in its digital capabilities, including mobile banking, internet banking and payments infrastructure. This focus on digital banking enables it to reach more customers, reduce costs and improve efficiency.   Sources: THX News & Ecobank Group. Read the full article

[jobskenyaplace]

TENDER FOR BUILDING OF AN AUDIOVISUAL STUDIO FOR ETI

ECOBANK TRANSNATIONAL INCORPORATED TENDER JANUARY 2025  INVITATION TO BID ECOBANK TRANSNATIONAL INCORPORATED, issues an open invitation to bid under the reference below: REF:   “ETI-ITB-001-2025”:  Building of an Audiovisual Studio for ETI For more information, please refer to the full specifications available at the following link https://ecobank.com/tg/procurement All requests of…

[wamathai]

You can now apply for the the Ecobank Fintech Challenge

Ecobank Group has announced the launch of the 6th edition of its Ecobank Fintech Challenge in which the overall winner being awarded a grand cash prize of US$50,000. The competition is open to fintechs and developers from all African countries as well as global Africa-centered fintech. The Fintech Challenge offers exceptional prospects for Fintechs that align with Ecobank’s strategic objectives,…

[africafinancialtimes]

Le Groupe Ecobank lance l'édition 2023 de son Fintech Challenge – avec un prix  de 50 000 USD.

 Le Groupe Ecobank, le groupe bancaire panafricain, invite les entrepreneurs fintech innovants et ambitieux de toute l’Afrique à postuler pour participer à la 6e édition du Ecobank Fintech Challenge. A l’instar des  éditions précédentes, le Fintech Challenge offre des perspectives exceptionnelles aux fintechs en ligne  avec  les objectifs stratégiques de Ecobank, leur permettant d’établir des…

[tracknews1]

Ecobank Seeks Court Order to Stop Otudeko’s Son from Selling Shares in FBN Holdings

Ecobank Nigeria Limited has filed a motion at the Federal High Court in Lagos seeking an order to restrain Dr. Tunde Otudeko, son of billionaire businessman Oba Otudeko, from selling or transferring shares held in FBN Holdings Plc. The bank is asking the court to prevent any disposal or tampering with the shares until a long-standing debt dispute is resolved. The legal move stems from an attempt…

[afriluck]

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[touchaheartnews]

Ecobank Group Secures Prestigious Title of Best Bank for SMEs in Africa 2024 by Global Finance

  Ecobank, the leading pan-African banking group, proudly announces that it has won the esteemed Best Bank for SMEs in Africa 2024 award in Global Finance’s annual SME Bank Awards. The win reflects Ecobank’s unwavering commitment to meeting the specialised needs of SMEs across its diverse markets. The award ceremony took place on February 20, 2024, at Glaziers Hall in London, UK. Also, one of its…

[emmynet24]

Ecobank Sues Honeywell’s Obafemi Otudeko Over 6.31 Billion First Bank Shares: Court Sets April 15, 2025, Hearing

A Federal High Court in Lagos has scheduled April 15, 2025, to hear Ecobank Nigeria Plc’s lawsuit against Obafemi Otudeko over the controversial acquisition of 6.31 billion shares in FBN Holdings through Barbican Capital Limited. Ecobank claims the purchase was an attempt to evade a Supreme Court judgment involving Honeywell Group, where Otudeko serves as managing director. Ecobank Challenges…

[guineamarket]

Ecobank instala un terminal de pago en OFIVEG para agilizar la tramitación de la documentación de vehículos

El martes 13 de junio, un equipo de Ecobank se desplazo a las oficinas de la Oficina Unica de tramitación de documentación de vehículos de Guinea Ecuatorial (OFIVEG) para instalar un terminal punto de venta (TPV), una herramienta de pago electrónico con tarjeta Visa o Mastercard para agilizar el pago de la tramitación de la documentación de los vehículos. Un terminal punto de venta (TPV), también…

[skbjournal]

Ecobank Ghana Retains Top Spot as Largest Bank in Ghana with $228M Capital

Ecobank Ghana has reaffirmed its position as the largest bank in Ghana by Tier-1 capital, reporting a robust capital base of $228 million at the end of 2024. This achievement, highlighted in The Banker’s Top 100 African Banks ranking for 2024, underscores Ecobank Ghana’s financial strength and resilience in a dynamic economic landscape. Following closely behind, Access Bank Ghana secured the…

[optionxpress]

ETI post-tax profit hits N735.9 billion in 2024, up 179%

Ecobank Transnational Incorporated (ETI) has released its 2024 consolidated financial statement, reporting a post-tax profit of N735.9 billion ($494 million), up 179% YoY. Pre-tax profit more than doubled to N980.7 billion from N376.5 billion in 2023. In reported currency, the Nigeria segment remained the dominant earnings driver, with post-tax profit soaring 179.3% YoY to N455.7 billion,…