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    ETI   TG0000000132

ECOBANK TRANSNATIONAL INCORPORATED

(ETI)
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Ecobank Transnational Incorporated : Arise B.V. makes US$75 million perpetual non-cumulative AT1 capital investment in Ecobank Transnational Incorporated

09/06/2021 | 08:22am EDT

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PRESS RELEASE

For immediate release

Arise B.V. makes US$75 million perpetual non-cumulative AT1 capital

investment in Ecobank Transnational Incorporated

Lomé, Togo 6 September 2021 - Ecobank Transnational Incorporated ("ETI"), the Lomé based parent company of the Ecobank Group, is pleased to announce a US$75 million Additional Tier 1 ("AT1") investment by Arise B.V. ("Arise"). This Basel III compliant instrument is the first AT1 instrument issued by ETI and a landmark transaction in the sub-Saharan Africa region. The investment will optimize and improve ETI's Tier 1 capital by US$75 million.

The investment by Arise, a leading equity investor in financial institutions in Sub-Saharan Africa and one of ETI's existing major institutional shareholders, demonstrates the support, commitment and capacity of Ecobank's international shareholder base. This additional investment will be used by ETI for its general corporate purposes which will include loan growth and strengthening the capital buffers of profitable subsidiaries in two of the Group's cornerstone regions, Francophone West Africa and Anglophone West Africa.

Ade Ayeyemi, Group Chief Executive Officer of ETI, stated: "This investment by Arise is a testament to continued support and confidence from our shareholders; their commitment to, and belief in our strategy which we remain focused on executing to deliver value to our shareholders and excellence to our customers. Indeed, in addition to improving our double leverage ratio, it is also a good boost for the firm and its staff".

Deepak Malik, Chief Executive Officer of Arise stated: "ETI is our primary banking investment in Francophone West Africa and Anglophone West Africa. We are very supportive of ETI's growth ambitions and its ability to increase financial services to Agri, SMEs & retail customers. Our investment will also strengthen the balance sheet of ETI and provide additional risk capital".

The AT1 investment follows ETI's ground-breaking US$350 million subordinated Sustainability Eurobond issued in June 2021 which was very well received by international investors across multiple continents. The Eurobond, which qualifies as Tier 2 capital, is listed on the London Stock Exchange.

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Media Contact

For Ecobank Transnational Incorporated

Adenike Laoye

Group Head, Corporate Communications/ Chief of Staff to the Group Chief Executive Officer Email: groupcorporatecomms@ecobank.com

Tel: +228 22 21 03 03

For Arise

Zeenat Parker

Corporate Communications Manager

Email: zeenat.parker@ariseinvest.com

Tel :+27 (0)21 3002222

Cell +27 (0)81 248 2801

About Ecobank Transnational Incorporated ('ETI' or 'The Group')

Ecobank Transnational Incorporated ('ETI') is the parent company of the Ecobank Group, the leading independent pan-African banking group. The Ecobank Group employs over 14,000 people and serves about 29 million customers in the consumer, commercial and corporate banking sectors across 33 African countries. The Group has a banking license in France and representative offices in Addis Ababa, Ethiopia; Johannesburg, South Africa; Beijing, China; London, the UK and Dubai, the United Arab Emirates. The Group offers a full suite of banking products, services and solutions including bank and deposit accounts, loans, cash management, advisory, trade, securities, wealth and asset management. ETI is listed on the Nigerian Stock Exchanges in Lagos, the Ghana Stock Exchange in Accra, and the Bourse Régionale des Valeurs Mobilières in Abidjan. For further information please visit www.ecobank.com

About Arise

Arise is a leading African investment company that partners with sustainable, locally owned

Financial Services Providers in Sub -Saharan Africa. Arise's vision is to contribute to the economic

growth in Africa and the prosperity of its people by increasing financial inclusion and employment, strengthening rural development and poverty alleviation.

The company was founded by several cornerstone investors namely Rabobank, Norfund, NorFinance and FMO and currently manages assets in excess of USD 960 million and is operational in over 10 African countries. With the acquisition of Ecobank - Arise has indirect banking exposure

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to over 33 countries in Sub - Saharan Africa. For more information on Arise visit

www.ariseinvest.com

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Disclaimer

ETI - Ecobank Transnational Inc. published this content on 06 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 September 2021 12:21:01 UTC.


© Publicnow 2021
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Financials (USD)
Sales 2021 1 827 M - -
Net income 2021 202 M - -
Net Debt 2021 - - -
P/E ratio 2021 2,68x
Yield 2021 -
Capitalization 429 M 428 M -
Capi. / Sales 2021 0,23x
Capi. / Sales 2022 0,22x
Nbr of Employees 13 551
Free-Float 33,6%
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Number of Analysts 4
Last Close Price 0,02 $
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Managers and Directors
Ade Ayeyemi Group Chief Executive Officer & Executive Director
Ayo Adepoju Group Chief Financial Officer
Alain Francis Nkontchou Chairman
Eddy Ogbogu Group Executive-Operations & Technology
Catherine W. Ngahu Independent Executive Director