Ecobank Transnational Incorporated : Corporate Profile PDF 1.86 MB

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Ecobank Group

Corporate Profile

© Ecobank Group 2020 | Corporate Profile | December 2020

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Ecobank: Who We Are

A Pan-African Champion With an Unparalleled Footprint…

Francophone West Africa (UEMOA)

Ecobank geographic regions

Nigeria

Anglophone West Africa (AWA)

Central, Eastern and Southern Africa (CESA)

Ecobank Representative Offices

• • Additionally, Ecobank has representative offices in London, Dubai and Beijing and operates through its subsidiary in France

© Ecobank Group 2020 | Corporate Profile | December 2020

… and Significant Reach Across the Continent(1)

• • 35 countries

• • 690 branches

• • 2,659 ATMs

• • 14,023 Ecobankers

• • 12.9mn+ Mobile App Users

• • 119m Digital Transactions

Key Partners

Driving Financial Inclusion

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Resilient Performance Despite a Pandemic

Strong customer deposit growth…

Customer deposits

…LDR improved…

Loans-to-deposits ratio

…adequate coverage...

NPL Coverage

1. FY 20 ROTE excludes one-off impact of $164mn goodwill impairment.

© Ecobank Group 2020 | Corporate Profile | December 2020

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Key Investment Highlights

1	Leading Pan-African Franchise: Strong Positioning and Preferred Partner

• • Unique footprint across 35 African countries benefitting from attractive LT macro and sector fundamentals

• • Regional leadership position as either a market leading or a top-3 bank in 16 countries

• • Preferred partner for governments and global development institutions such as the United Nations

• • "One Bank" with strong brand recognition through a substantial network of over 24 million customers, served by ~14,000 employees and 690 branches across the continent

  2	Diversified Business Model

• • Geographic diversification: UEMOA represents 30% of FY20 Revenues, AWA 28%, Nigeria 16%, CESA 27%(1)

• • Business model diversification: CIB (55% of FY20 Net revenue), CB (22%), Consumer (23%)(1)

• • Integrated technology platform eProcess enables central manufacture of products rolled out consistently across the platform

• • Recognised for innovation in African banking (Global Finance and African Banker Awards, 2020)

• • Leadership in technology adoption to drive financial inclusion. Valued partnerships with Airtel Africa, MTN, Alipay, Palm Pay: strategic ambition to access up to 100m customers digitally

• • Expansion in digital offerings with Ecobank Mobile (App & USSD) serving ~12.9m customers

• • Strong growth with value of digital transactions up 43% y-o-y to $40.0bn as of 31 December 2020

• • Captive regional payments business offers a significant opportunity to drive growth and value creation

• • Strong profitability across regions. AWA (27% ROE), UEMOA (19%), and CESA (16%).

• • Improved funding costs, ongoing cost reduction efforts and risk management have led to improved profitability in Nigeria

• • Group-wide efficiency efforts support the path to enhanced profitability

• • Strong risk management and corporate governance practices

• • Redeployment of experienced executives to key parts of the business to enhance controls

• • Robust regulatory understanding and interface led by dynamic management team

• • Regulated and compliant under Basel II/III prudential standards (provisional 9.4% Tier 1 and 12.3% Total CAR as at FY20)

• • Highly experienced management team who have implemented first phase of new strategy in 2016-18 to restore Group profitability and since driving 'Execution Momentum' aimed at growth and improved shareholder returns

• • Management successfully raised $500m in a debut Eurobond in 2019

• • Blue-chip shareholder base comprising reputable institutions - Nedbank, QNB, Arise, and PIC

• • Management in Nigeria successfully raised $300m 5-year Eurobond in Feb 2021

1. Percentages represent segment / regional contribution to Revenues. Excluding Consolidation Adjustments and Other Adjustments.

© Ecobank Group 2020 | Corporate Profile | December 2020

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