509:
749:" As the Chairman of the Board at the time the EY investigation was commissioned, I instructed my lawyers to write a letter to the Board expressly warning them of the illegality of presenting these accounts to the shareholders without making full disclosure of the facts. This letter was delivered to board members on the 26th June 2014 (See Appendix 1). Unfortunately the letter was ignored by the Board of ETI and this obvious dereliction of duty continues to date"
1065:
731:
on all 3 stock exchanges in West Africa and has obtained licences to operate on the two stock exchanges in
Central Africa: the Douala Stock Exchange in Cameroon and the Libreville Exchange in Gabon. The mandate of eProcess is to manage the Group’s information technology function with a view to ultimately centralising the Group’s middle and back office operations to improve efficiency, service standards and reduce costs.
727:
Development (ECOWAS Fund), now called the ECOWAS Bank for
Investment and Development (EBID), the development finance arm of ECOWAS. A Headquarters’ Agreement was signed with the government of Togo in 1985 which granted ETI the status of an international organisation with the rights and privileges necessary for it to operate as a regional institution, including the status of a non-resident financial institution.
123:
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25:
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enable the Group (ETI) to show a much better 2013 growth, and she questioned procedures around the approval of a substantial increase in Mr.Tanoh’s 2012 bonus (which he subsequently opted not to receive). She also alleged that she was asked to write off debts owed by a real estate company Mr. Lawson chairs..."
742:
The sacking and reinstatement of the CFO in 2014 after she alleged: "... Mrs. Do Rego sent a letter to the SEC alleging that the
Chairman, Mr. Lawson and GCEO Mr.Tanoh were attempting to sell non-core assets at values below market, that both individuals ‘attempted’ to manipulate the 2012 results to
730:
ETI has two specialised subsidiaries: Ecobank
Development Corporation (EDC) and eProcess International (eProcess). EDC was incorporated with a broad mandate to develop Ecobank’s investment banking and advisory businesses throughout the countries where Ecobank operates. EDC operates brokerage houses
726:
In
October 1985, ETI was incorporated with an authorised capital of US$ 100 million. The initial paid up capital of US$ 32 million was raised from over 1,500 individuals and institutions from West African countries. The largest shareholder was the ECOWAS Fund for Cooperation, Compensation and
722:
The
Federation of West African Chambers of Commerce promoted and initiated a project for the creation of a private regional banking institution in West Africa. In 1984, Ecopromotions S.A. was incorporated. Its founding shareholders raised the seed capital for the feasibility studies and the
719:(ECOWAS). In the early 1980s the banking industry in West Africa was dominated by foreign and state-owned banks. There were hardly any commercial banks in West Africa owned and managed by the African private sector. ETI was founded with the objective of filling this vacuum.
299:, funds transfers, products and services including pan-African lending, trade services, cash management, internet banking, value-chain finance, treasury services, corporate finance, investment banking and securities and asset management
714:
ETI, a public limited liability company, was established as a bank holding company in 1985 under a private sector initiative spearheaded by the
Federation of West African Chambers of Commerce and Industry, with the support of the
505:
As of June 2014, Ecobank
Transnational had banking operations in 36 African countries, with representative offices in Angola, Beijing, Dubai, Ethiopia, South Africa and the United Kingdom:
1493:
1498:
1348:
746:
The
Chairman resigned but later sued Ecobank to force them to investigate the allegations backed by an confidential E&Y audit report on serious allegations of Fraud.
1419:
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996:
1020:
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716:
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countries. As of
December 2012, ETI's customer base was estimated at 32 million. ETI's branch network numbered 1,305, with 1,981 networked
143:
82:
1503:
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104:
52:
75:
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is the largest banking network in Africa. The alliance was formed in 2008 between the Ecobank Group and the Nedbank Group, one of
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1113:
494:
38:
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ETI is a large financial services provider with offices in 36 countries around the world, and presence in 35
1294:
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445:, with banking operations in 33 African countries. It is the leading independent regional banking group in
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906:
442:
872:
839:
799:
902:
691:
523:
Ecobank Transnational has operational bank subsidiaries in the following countries, as of July 2013:
225:
135:
275:
236:
214:
885:'s four largest financial services providers, with a growing footprint of operations across the
508:
1176:
1287:"African Financial Markets: Provider of African Business and Economy information and research"
921:. As of December 2021, the ten largest shareholders in Ecobank Transnational were as follows:
897:
The shares of Ecobank Transnational Inc., the parent company of Ecobank, are traded on three
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382:
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609:
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478:
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It may require cleanup to comply with Knowledge (XXG)'s content policies, particularly
752:
Ecobank then settled the matter with the chairman and absolved him of any wrongdoing.
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204:
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1349:"Who Owns Legacy Shares After $ 864m Write Off At Ecobank; Post Securities Fraud"
1260:
1241:
1201:
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446:
296:
1353:
Who Owns Legacy Shares After $ 864m Write Off At Ecobank; Post Securities Fraud
1227:
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330:
187:
1202:"allAfrica.com: Nigeria: Ecobank Increases Sub-Saharan Africa Offices to 35"
959:
453:, serving wholesale and retail customers. It also maintains subsidiaries in
859:
809:
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876:
835:
819:
795:
785:
760:
The Specialized subsidiary companies of Ecobank include the following:
697:
255:
1316:
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Ecobank has been marred by several well publicized governance lapses:
855:
805:
775:
769:
677:
671:
513:
462:
1367:"EXCLUSIVE: Ecobank (ETI) absolves Kolapo Lawson of all allegations"
1371:
EXCLUSIVE: Ecobank (ETI) absolves Kolapo Lawson of all allegations
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765:
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1331:"SEC gives ETI Plc 7 days ultimatum to reverse sack of Do Rego"
116:
59:
18:
1335:
SEC gives ETI Plc 7 days ultimatum to reverse sack of Do Rego
633:
Ecobank South Africa (Representative office in Johannesburg)
421:
1471:
566:
Ecobank Ethiopia - (Representative office in Addis Ababa)
1242:"allAfrica.com: Zimbabwe: Ecobank Opens in South Sudan"
723:
promotional activities leading to the creation of ETI.
1261:"Tanzania: Pan-African Bank Set to Enter Local Market"
74:
A major contributor to this article appears to have a
870:With more than 1,500 branches in 35 countries, the
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533:Ecobank Angola - (Representative office in Luanda)
1494:Companies listed on the Nigerian Stock Exchange
1114:"Ecobank Transnational Inc. - Company Snapshot"
8:
1499:Companies listed on the Ghana Stock Exchange
997:Social Security and National Insurance Trust
180:
53:Learn how and when to remove these messages
923:
186:
179:
1259:Sebastian, Costantine (4 December 2009).
926:Ecobank Transnational Inc Stock Ownership
717:Economic Community of West African States
166:Learn how and when to remove this message
105:Learn how and when to remove this message
1135:
1133:
1131:
1129:
1127:
784:Ecobank Development Corporation (EDC) -
684:- France affiliate representative office
563:Ecobank Democratic Republic of the Congo
1105:
854:Ecobank Asset Management Company P/L -
293:
887:Southern African Development Community
7:
1438:"Ecobank Group – Annual Report 2021"
1170:"December 2012 Financial Highlights"
1141:"Ecobank Group – Annual Report 2015"
254:2365, Boulevard du Mono, B.P.3261,
1401:About The Ecobank-Nedbank Alliance
1385:"Ecobank Specialized Subsidiaries"
14:
984:Government Employees Pension Fund
138:to comply with Knowledge (XXG)'s
34:This article has multiple issues.
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551:Ecobank Central African Republic
465:, and representative offices in
441:(ETI), is a pan-African banking
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340:
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314:
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121:
85:. Please discuss further on the
64:
23:
16:Pan-African banking conglomerate
774:EBI SA Representative Office -
42:or discuss these issues on the
148:Please discuss further on the
1:
1509:Companies in the NSE-30 Index
901:stock exchanges, namely: the
844:e-Process International SA -
804:EDC Investment Corporation -
794:EDC Investment Corporation -
624:Ecobank São Tomé and Príncipe
279:group chief executive officer
866:The Ecobank Nedbank alliance
1291:africanfinancialmarkets.com
1265:The Citizen (Dar es Salaam)
834:Ecobank Asset Management -
824:EDC Stockbrokers Limited -
1525:
461:. ETI has an affiliate in
439:Ecobank Transnational Inc.
181:Ecobank Transnational Inc.
814:EDC Securities Limited -
569:Ecobank Equatorial Guinea
557:Ecobank Congo Brazzaville
437:, whose official name is
185:
1504:Companies in the BRVM 10
1406:20 February 2012 at the
1009:Nkontchou Alain Francis
764:EBI SA Groupe Ecobank -
399:US$ 2.66 billion (2014)
396:US$ 2.52 billion (2015)
373:US$ 24.2 billion (2014)
370:US$ 23.6 billion (2015)
321:US$ 2.28 billion (2014)
318:US$ 2.11 billion (2015)
704:- Representative office
694:- Representative office
347:US$ 395 million (2014)
344:US$ 107 million (2015)
907:Nigeria Stock Exchange
520:
130:This article contains
947:Nedbank Group Limited
938:Percentage Ownership
586:Ecobank Guinea-Bissau
560:Ecobank Côte d'Ivoire
512:An Ecobank office in
511:
144:neutral point of view
83:neutral point of view
1230:on 21 November 2011.
903:Ghana Stock Exchange
692:United Arab Emirates
630:Ecobank Sierra Leone
539:Ecobank Burkina Faso
1319:on 31 January 2012.
960:Qatar National Bank
928:
636:Ecobank South Sudan
408:Number of employees
182:
132:paid contributions.
1447:. 31 December 2021
1150:. 31 December 2015
924:
913:stock exchange in
674:- Affiliate office
603:Ecobank Mozambique
548:Ecobank Cape Verde
521:
295:Banking Services,
237:Financial services
1220:"News and Events"
1054:
1053:
735:Governance lapses
639:Ecobank Tanzania
545:Ecobank Cameroon
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78:with its subject.
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1315:. Archived from
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1175:. Archived from
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1094:Ecobank Zimbabwe
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1408:Wayback Machine
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1297:on 7 July 2011.
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1084:Ecobank Nigeria
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1033:Other Investors
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627:Ecobank Senegal
610:Ecobank Nigeria
594:Ecobank Liberia
542:Ecobank Burundi
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1182:on 2 June 2013
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1246:allAfrica.com
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1206:allAfrica.com
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935:Name of Owner
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800:Côte d’Ivoire
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579:Ecobank Ghana
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572:Ecobank Gabon
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536:Ecobank Benin
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412:13,000 (2022)
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1449:. Retrieved
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1317:the original
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1295:the original
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1268:. Retrieved
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1228:the original
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1184:. Retrieved
1177:the original
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1152:. Retrieved
1147:
1117:
1108:
1071:Banks portal
1048:
1043:
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899:West African
896:
883:South Africa
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756:Subsidiaries
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642:Ecobank Togo
614:Oceanic Bank
600:Ecobank Mali
554:Ecobank Chad
522:
504:
488:
475:South Africa
443:conglomerate
438:
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383:Total equity
357:Total assets
251:Headquarters
218:
195:Company type
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37:
36:Please help
33:
1424:ecobank.com
1313:ecobank.com
1285:Antersite.
1224:ecobank.com
1154:10 December
919:Ivory Coast
905:(GSE), the
491:sub-Saharan
447:West Africa
297:Investments
276:Ade Ayeyemi
95:August 2023
1483:Categories
1309:"About Us"
1100:References
972:Arise B.V
612:(includes
477:, and the
331:Net income
267:Key people
39:improve it
1420:"Ecobank"
1270:17 August
1186:9 October
893:Ownership
205:Traded as
150:talk page
87:talk page
45:talk page
1451:28 April
1404:Archived
1057:See also
879:Alliance
860:Zimbabwe
810:Cameroon
485:Overview
284:Products
273:chairman
233:Industry
1021:B.I.D.C
915:Abidjan
877:Nedbank
873:Ecobank
836:Abidjan
820:Nigeria
796:Abidjan
710:History
698:Beijing
455:Eastern
435:Ecobank
422:ecobank
417:Website
307:Revenue
243:Founded
213::
136:cleanup
1036:25.27
988:13.48
975:14.10
964:20.10
951:21.22
856:Harare
806:Douala
776:London
770:France
678:London
672:France
527:Africa
514:Niamey
463:France
426:/group
222:: ETIT
1441:(PDF)
1388:(PDF)
1180:(PDF)
1173:(PDF)
1144:(PDF)
1049:100.0
1044:Total
1025:0.91
1012:1.06
1001:3.86
850:Ghana
846:Accra
830:Ghana
826:Accra
816:Lagos
766:Paris
702:China
688:Dubai
668:Paris
518:Niger
471:Dubai
467:China
228:: ETI
1453:2023
1272:2017
1188:2013
1156:2016
932:Rank
911:BRVM
790:Togo
786:Lomé
495:ATMs
457:and
449:and
424:.com
290:List
260:Togo
256:Lomé
246:1985
220:BRVM
226:GSE
215:ETI
211:NGX
1485::
1443:.
1422:.
1369:.
1351:.
1333:.
1311:.
1289:.
1263:.
1244:.
1222:.
1204:.
1146:.
1126:^
1116:.
1017:7
1006:6
993:5
980:4
969:3
917:,
889:.
858:,
848:,
838:,
828:,
818:,
808:,
798:,
788:,
778:,
768:,
700:,
690:,
680:,
670:,
516:,
497:.
481:.
473:,
469:,
258:,
48:.
1455:.
1426:.
1390:.
1373:.
1355:.
1337:.
1274:.
1248:.
1208:.
1190:.
1158:.
1120:.
1030:8
956:2
943:1
875:-
616:)
169:)
163:(
152:.
146:.
108:)
102:(
97:)
93:(
89:.
55:)
51:(
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