'How to spur MSMEs growth with right financing mechanism’
Micro, Small and Medium Enterprises (MSMEs), have been generally acknowledged as the backbone to the success of developed nations, where they have gained much popularity.
Ecobank transnational incorporated announces changes
In line with Ecobank Transnational Incorporated (ETI)’s established executive succession plan, the board has appointed Ayo Adepoju, Vice President...
Ecobank targets five per cent NPL ratio by 2020
Ecobank Group said it is targeting a non-performing loan (NPL) ratio of five per cent by 2020, which level was down to 9.6 per cent in 2018 from 10.7 per cent posted in 2017. The Chairman, Ecobank Group, Emmanuel Ikazoboh, while addressing shareholders at the bank’s 31st yearly general meeting in Lome, Togo, yesterday, explained that…
Ecobank Group faults report on forfeiture
Ecobank Group and its subsidiary, O&O Networks Limited, has described as false, a report (not The Guardian), which claimed that a Federal High Court of Nigeria made a forfeiture order against it.
Ecobank Group records $20m loan recovery, posts $182m profit
Ecobank Group has announced that it has achieved a total of $20 million recoveries from its resolution vehicle created in 2016 to manage the bank’s legacy loans.Besides, the bank assured shareholders of enhanced returns through dividend payment in a near future.
Ecobank adopts new measures to boost risk management processes
The Group Chief Executive Officer of the bank, Ade Ayeyemi, explained that these are part of the bank’s growth plans to enhance profitability and increase market share in the industry.