Ecobank Transnational Inc.

Ecobank Transnational Inc. (ETI) threw off N106 billion in bad loan charges in the first quarter, as loan impairments surged for the second year. Loan loss expenses are accelerating from the N213.7 billion the group threw overboard at the…

Ecobank Transnational Inc. tasted the bad side of goodwill in 2020 when goodwill impairment of over N60 billion crashed pre-tax profit by 68 per cent at the end of the third quarter. That is the result of slashing goodwill in the balance…

Loan recoveries of close to N46 billion provided the quickening force that saved Ecobank Transnational Inc.’s profit at the end of the third quarter of 2019. The bank recorded an outstanding growth of 106 percent in loan recoveries that…

MICHAEL MOSES. Loan recoveries of nearly N25 billion was the big event for Ecobank Transnational Inc’s earnings records in the first quarter of 2019. Advancing from about N7.4 billion in the same period last year, loan recoveries…

There was fire outbreak at the Ecobank Transnational Inc. (Ecobank) head office on Victoria Island, Lagos, Tuesday morning The Incident occurred around 9:00 am. It was gathered that the bank’s diesel tanker supplier was…