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    Capital Boost in Motion: Ecobank Launches $250 Million Private Placement to Strengthen Financial Muscle

    Capital Boost in Motion: Ecobank Launches $250 Million Private Placement to Strengthen Financial Muscle Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, has officially announced its intention to raise up to $250 million in Additional Tier 1 capital through a...
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    ⚖️ Blow to Ecobank: Appeal Struck Out in $9.5M FX Dispute with Kam Industries

    ⚖️ Blow to Ecobank: Appeal Struck Out in $9.5M FX Dispute with Kam Industries In a major legal setback for Ecobank Nigeria Plc, the Lagos Division of the Court of Appeal has struck out the bank’s appeal in a heated $9.5 million foreign exchange dispute with Kam Industries Nigeria Limited. The...
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    S&P Warns: Ecobank Nigeria’s Default “Inevitable” Without Immediate Capital Boost

    ⚠️ S&P Warns: Ecobank Nigeria’s Default “Inevitable” Without Immediate Capital Boost Global credit ratings agency, S&P, says the clock is ticking for Ecobank Nigeria—and survival depends on urgent parent company support. In its latest report, S&P Global Ratings has placed Ecobank Nigeria under...
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    Ecobank Secures Shareholders’ Nod to Raise $250 Million in Tier 1 Capital to Power Pan-African Growth

    Ecobank Secures Shareholders’ Nod to Raise $250 Million in Tier 1 Capital to Power Pan-African Growth Move Aims to Strengthen Capital Base, Boost Digital Innovation, and Capture $20bn Diaspora Remittances In a bold step to deepen its financial resilience and sustain leadership across African...
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    ECOBANK TRANSNATIONAL INCORPORATED (ETI) EUROBOND PRICING ANNOUNCEMENT

    ECOBANK TRANSNATIONAL INCORPORATED (ETI) EUROBOND PRICING ANNOUNCEMENT Key Details: 1. Issuance of $400 Million Notes: Ecobank Transnational Incorporated (ETI) has successfully priced its $400 million notes with an interest rate of 10.125%. These notes are set to mature on October 15, 2029...
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    BII AND ECOBANK SIGN $25 MILLION AGREEMENT TO BOOST PRIVATE SECTOR GROWTH IN SIERRA LEONE

    BII AND ECOBANK SIGN $25 MILLION AGREEMENT TO BOOST PRIVATE SECTOR GROWTH IN SIERRA LEONE The British International Investment (BII), the UK's development finance institution, has entered into a $25 million risk-sharing agreement with Ecobank Sierra Leone to foster private sector growth in the...
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    SEC, CBN APPROVES ECOBANK CUSTODY BUSINESS

    SEC, CBN APPROVES ECOBANK CUSTODY BUSINESS 1. Background Information: - Ecobank Nigeria Limited has received approval from the Securities and Exchange Commission (SEC) and the Central Bank of Nigeria (CBN) to launch its custody business operations in Nigeria. - The custody services in...
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    DETAILED BREAKDOWN OF ECOBANK TRANSNATIONAL INCORPORATED’s FINANCIAL PERFORMANCE FOR THE FIRST HALF OF 2024:

    DETAILED BREAKDOWN OF ECOBANK TRANSNATIONAL INCORPORATED’s FINANCIAL PERFORMANCE FOR THE FIRST HALF OF 2024: 1. Profit After Tax: Ecobank reported a significant profit after tax of NGN 311 billion for the first half of 2024. This represents a remarkable 196% increase compared to NGN 105 billion...
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    ECOBANK TRANSNATIONAL INCORPORATED (ETI) HALF-YEAR EARNINGS REPORT

    ECOBANK TRANSNATIONAL INCORPORATED (ETI) HALF-YEAR EARNINGS REPORT Earnings Overview: - Half-Year Earnings: N311 billion, up 196% from N105 billion in H1 2023. - Interest Income: Increased by 175% to N1.2 trillion from N445 billion in the previous year. - Interest Expense: Rose by 160% to N464...
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