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Tag: Ecobank

Banking

Ecobank retains retirement age, removes director tenure limit

Ecobank Transnational Incorporated has abolished the tenure limit for non-executive directors while retaining the mandatory retirement age of 70, following shareholder approval of a series of governance reforms aimed at strengthening board effectiveness and continuity. The decision was approved at the bank’s Extraordinary General Meeting held on August 13, 2026, as part of a broader […]

Banking

Ecobank crossed ₦1trn profit mark in 2025

Ecobank has delivered a strong 2025 performance, crossing the N1 trillion profit mark as treasury income rises and begins to close the gap with traditional lending. With deposits growing faster than loans, the bank is increasingly deploying liquidity into high-yield government instruments, boosting margins and overall earnings. Gross earnings rose to about N4.88 trillion, up […]

Ecobank raises $125m in oversubscribed Eurobond issuance
Banking

Ecobank posts strong 2025 performance, PBT up 30%

Ecobank Transnational Incorporated posted a robust performance for the year ended December 31, 2025, with profit before tax rising to N1.27 trillion. This marked a 30 per cent increase from the N986.6 billion recorded in 2024, underscoring strong full-year growth. However, on a quarterly basis, profit before tax dipped to N264.5 billion in the fourth […]

Ecobank raises $125m in oversubscribed Eurobond issuance
Banking

Ecobank repays bondholders ahead of 2026 maturity

Ecobank Nigeria Limited has completed the repayment of bondholders who validly tendered their notes ahead of the February 2026 maturity. The bank disclosed this in a statement released on Tuesday. It was earlier reported that Ecobank Nigeria prepaid about $245m of its $300m Eurobond—over 80 per cent of the total issuance. The 7.125 per cent […]

Ecobank raises $125m in oversubscribed Eurobond issuance
Banking

Ecobank seeks to buy back remaining $150m eurobond debt

Ecobank Nigeria Limited has announced a tender offer for the remaining US150 million of its US300 million 7.125 per cent Senior Note Participation Notes due in 2026. This offer opened on Friday, November 28, 2025, allowing eligible noteholders to tender their securities ahead of the bond’s original maturity date of February 16, 2026. According to […]

Ecobank raises $125m in oversubscribed Eurobond issuance
Banking

Ecobank completes exit from Mozambique with sale to FDH Bank

Ecobank Transnational Incorporated, the parent company of Ecobank Group, has finalized its exit from Mozambique with the sale of its entire shareholding in Ecobank Mozambique S.A. (EMZ) to FDH Bank Plc. The deal, which secured all required regulatory approvals, completes a divestment plan initially announced on August 5, 2025. This was disclosed in a statement […]

Ecobank exits Mozambique to focus on high-growth markets
News

Ecobank exits Mozambique to focus on high-growth markets

Pan-African banking group Ecobank announced its withdrawal from Mozambique, marking another step in its broader effort to streamline operations and focus on more profitable markets. In a regulatory filing to the Nigerian Stock Exchange on August 5, Ecobank disclosed the sale of its entire shareholding in its Mozambican subsidiary to Malawi’s FDH Bank. The deal […]

Ecobank raises $125m in oversubscribed Eurobond issuance
Banking

Ecobank secures additional $125m via Eurobond

Ecobank Transnational Incorporated, the parent company of the Ecobank Group, has successfully raised an additional $125 million through a Eurobond tap, increasing the total size of its 2029 notes to $525 million. According to a statement released on Tuesday via the Nigerian Exchange Limited, the Lomé-based pan-African bank issued the tap at a premium price […]

Ecobank raises $125m in oversubscribed Eurobond issuance
News

Ecobank raises $125m in oversubscribed Eurobond issuance

Ecobank Transnational Incorporated has raised $125 million through the issuance of 10.125% Senior Notes due in 2029, marking a significant step forward for the bank and the broader African Eurobond market. The new notes, issued on Friday, May 15, 2025, will be consolidated with the bank’s existing $400 million 10.125% Senior Notes, also due in […]

Ecobank raises $125m in oversubscribed Eurobond issuance
Banking

How Nigeria, others can avoid Trump tariff fallout – Ecobank

The Chief Executive Officer of Ecobank Transnational Inc., Jeremy Awori, has stated that African nations can soften the economic impact of United States President, Donald Trump’s new tariffs by strengthening trade among themselves. In an interview with Bloomberg TV, Awori explained that the tariffs are likely to replace the African Growth and Opportunity Act, a […]

Ecobank exits Mozambique to focus on high-growth markets
News

Ecobank cautions customers on fraud risks during Yuletide

Ecobank Nigeria has urged customers to stay vigilant against fraudsters during the Yuletide, while assuring uninterrupted access to banking services via its digital platforms throughout the holiday season. The Head of Consumer Banking at Ecobank Nigeria, Adeola Ogunyemi, disclosed this assuring customers they could carry out shopping and transactions smoothly using the bank’s digital channels. […]

Ecobank raises $125m in oversubscribed Eurobond issuance
News

Ecobank receives regulatory approvals to launch custody business

Ecobank Nigeria Limited has secured approvals from the Securities and Exchange Commission and the Central Bank of Nigeria to begin its custody business operations in the country. According to a statement released on Sunday, the Ecobank Group will provide custody services through Ecobank Nominees Limited, a dedicated entity established to manage clients’ assets separately from […]

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