Ecobank shareholders approve resolutions as Chairman hails improved outlook
Ecobank Transnational Incorporated (Ecobank), the parent company of Ecobank Group, the leading pan-African bank with operations in 36 countries across the continent, has concluded its 30th Annual General Meeting at its Lomé, Togo headquarters.
Shareholders welcomed Ecobank’s return to profit for the year ended 31 December, 2017. They also approved all the resolutions at the AGM, which included the ratification of the co-option of Messrs. Monish Dutt, Brian Kennedy and David O’Sullivan as Directors. They are nominees of the International Finance Corporation, Nedbank Group and Qatar National Bank, respectively.
The firms Deloitte and Touche, Nigeria and Grant Thornton Côte d’Ivoire were reappointed as Joint Auditors for one-year.
Ecobank Group Chairman, Emmanuel Ikazoboh said: “Ecobank enjoyed a return to profitability in 2017 as the strengthening of underwriting and risk management processes began to address our legacy credit issues. There were substantial improvements in the financial performance of our Consumer Banking and Corporate and Investment Banking divisions and the Board is confident that the foundations are now in place to enable the sustainable growth that will create shareholder value throughout Ecobank.”