Ecobank doubles full-year income

ECOBANK doubled its full-year earnings to December 2018 thanks to increased investments in fixed income securities, fee and commission income and net foreign exchange income.Interest and similar incom...

By Staff reporter | Published: 03 May 2019


Ecobank Zimbabwe standout performer among banks in F18

Ecobank Transnational Incorporated (ETI) is targeting a return on equity of over 20% in the short term for its Central, Eastern and Southern African (CESA) banking segment and is overall satisfied wit...

By Staff reporter | Published: 02 May 2019


'Ecobank in Zimbabwe to stay'

ECOBANK Transnational Incorporated says it will provide a platform for the local bank to access global finance, as it seeks to stay in Zimbabwe for the long haul.Ecobank group chief executive officer ...

By Staff reporter | Published: 13 July 2018


Ecobank bails out Zimbabwe

AN African financial services institution Ecobank Transnational Incorporation says it is playing a crucial role to stave off fuel and cooking oil shortages in Zimbabwe.The southern African country is ...

By Staff reporter | Published: 22 June 2018


Ecobank rolls out $150m letter of credit lines

Ecobank Zimbabwe has rolled out over $150 million worth of letters of credit lines into the Zimbabwean market in the last eight months as the bank moves to support the economy.Ecobank Zimbabwe board c...

By Staff reporter | Published: 20 June 2018


Ecobank to source more funds for critical imports

ECOBANK Zimbabwe, a unit of Togo-based Ecobank Transnational Inc, is arranging a $45 million line of credit to fund importation of critical raw materials, an official has said. Zimbabwe is grappling w...

By Staff reporter | Published: 20 June 2018


Ecobank named Africa's best and most innovative

PAN-African banking group, Ecobank, has won two major awards at the recent African Banker's prestigious ceremony held in Busan, South Korea.The bank has been named 'best retail bank in Africa' after ...

By Staff reporter | Published: 04 June 2018


Ecobank cost to income ratio lowest

ECOBANK Zimbabwe recorded the lowest cost to income ratio among the banks that announced financial results for the year to December 31, 2017, an analysis by Old Mutual Securities (OMSEC) has revealed....

By Staff reporter | Published: 10 May 2018


MTN, Ecobank target Africa expansion

MTN and Ecobank are forming task teams to identify the most appropriate financial services products for each of the 13 African markets they plan to target jointly.MTN signed an agreement with the Nedb...

By Staff reporter | Published: 02 May 2018


Ecobank profits surge 123%

ECOBANK Zimbabwe Limited has declared an interim $2.3 million dividend for the year ended December 31, 2017 after its profits surged by 123 percent to $22 million compared to $9.9 million in the prior...

By Staff reporter | Published: 24 April 2018


MTN, EcoBank in mobile banking partnership

MTN has signed an agreement to form a mobile banking partnership with Ecobank across the continent.The mobile giant says it's in line with building its mobile services business, which is an important ...

By eNCA | Published: 10 April 2018


Ecobank secures $100m lines of credit

ECOBANK Zimbabwe managed to secure over $100 million in lines of credit from group associates last year for onlending towards the importation of fuel, fertilisers, mining equipment and edible oils raw...

By Staff reporter | Published: 06 April 2018


Chisango appointed Ecobank chair

Fortunate Chisango has been appointed Ecobank Zimbabwe (Ecobank) chairperson.He takes over from David Whatman who stepped down after serving his term in line with the financial group’s corporate gov...

By Staff reporter | Published: 07 March 2018


Ecobank launches mVisa across African Countries

Ecobank has partnered with Visa to launch Ecobank Scan+Pay with mVisa solutions to their consumers. The strategic tie-up signals interoperability on a cross-border level - and potentially huge gains -...

By APO | Published: 02 October 2017


Ecobank after tax profit up three-fold

ECOBANK Zimbabwe on Thursday said its after tax profit increased more than three-fold to $11.4 million in the half year to June, from $3.4 million in the comparable period last year, driven by an incr...

By Staff reporter | Published: 28 August 2017


Ecobank offers to fund Zesa smart meters

Ecobank has expressed willingness to fund a national rollout of smart meters for the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) through a local independent energy solutions com...

By BH24 | Published: 18 May 2014


Ecobank Zimbabwe records profit

EcoBank Zimbabwe Limited has recorded a $2,4 million profit before tax for the year ended 31 December 2013, a 220 percent rise from last year`s figure of $0.75million.The group's financial statement f...

By Staff reporter | Published: 13 March 2014


Ecobank seeks capital, pursues acquisitions

Togo-based Ecobank International - owners of Ecobank Zimbabwe Limited (EZL) - plans to embark on a capital raising exercise and could also be considering mergers and acquisitions in the financial sec...

By Staff reporter | Published: 21 February 2014


Zim to benefit from the Ecobank, MasterCard partnership

Ecobank Transnational Inc. and MasterCard, have announced a multi-country licensing agreement which will provide access to MasterCard's payment solutions for Ecobank's customers in a further 23 Afric...

By Staff reporter | Published: 16 January 2014


Ecobank to expand its footprint in Zimbabwe

ECOBANK Zimbabwe plans to expand its footprint in the country next year by opening additional two more branches in Harare, Gweru and Masvingo amongst other key cities and towns to ensure countrywide c...

By Business reporter | Published: 20 December 2013


Ecobank on Zimbabwe expansion drive

Togo-Based Ecobank International plans to expand its footprint in Zimbabwe.The financial group, whose local unit Ecobank Zimbabwe Limited (EZL) already has 11 branches across the country, says it will...

By Business reporter | Published: 28 August 2013


Ecobank Zimbabwe's profit jumps 2300%

ECOBANK Zimbabwe's profit before tax leapt 2 300 percent to $1,2 million in the half year to June largely driven by growth in interest income. Interest (US$4,6 million) and non-interest income ($4,3 m...

By Business reporter | Published: 27 August 2013


Ecobank locked in boardroom battle over outstanding debts

The bank that blazed a trail across African borders to build the continent's most geographically diverse network is in the throes of a bitter boardroom battle over outstanding debts owed by businesse...

By FT | Published: 17 July 2013

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