Ecobank share­hold­ers ap­prove res­o­lu­tions as Chair­man hails im­proved out­look

Financial Nigeria Magazine - - Finance -

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.”

Newspapers in English

Newspapers from Nigeria

© PressReader. All rights reserved.