Ecobank Transnational Incorporated, the parent company of the Ecobank Group, the first pan-African bank in 36 countries on the continent, held its 30th Ordinary General Meeting in Lome, Togo, on April 24, 2018.
The shareholders expressed their satisfaction that Ecobank returned to profit for the year ended December 31, 2017 and approved all the resolutions of the AGM, including the ratification of the co-optation as director of Monish Dutt of International Finance Corporation, Brian Kennedy of Nedbank Group and David O’Sullivan of Qatar National Bank.
The term of office of the external auditors assigned to Deloitte and Touche, Nigeria, and Grant Thornton Ivory Coast has been renewed for a period of one year.
For the president of the Ecobank Group, Emmanuel Ikazoboh, the bank now has a solid foundation.
“Ecobank has returned to profitability in 2017 as stronger risk management and pricing procedures help solve our credit challenges. All our divisions and regions posted a substantial improvement in their financial results. The Board of Directors believes that the bank now has a solid foundation for sustainable growth that will create added value for shareholders. ”
A statement shared by Ade Ayeyemi, CEO of the Ecobank Group: “Our digitization strategy is paying off quickly; Ecobank is on the way to becoming the digital bank of choice in the countries where it is present. In addition, after adjusting the company’s size and changing important procedures, Ecobank benefits from its strengths as the largest financial platform in sub-Saharan Africa for the benefit of all its shareholders. A strong and sustainable bank, it promotes economic development and financial integration across the African continent. ”
In short, the observation of the observers is unanimous. At the end of its 30th meetings, the pan-African bank displays a serenity between the shareholders, the board of directors and the management. The new start of Ecobank is well known.
