RISING TO
THE CHALLENGE
ECOBANK GROUP ANNUAL REPORT
2020
RISING
TO THE CHALLENGE
ECOBANK GROUP
ANNUAL REPORT
2020
CONTENTS
CONTENTS
05 About Us
07 Our Vision and Mission
08 Ecobank: The leading Pan- African Banking Institution
10 Our Performance
-
Our Diversified Business
Model - Our Digital Offering
- Ecobank Values and Pledge
- Group Chairman and Management
- A Letter from the Group Chairman
24 A Letter from the Group CEO
38 A Letter from Head, Consumer Bank
42 A Letter from Group Executive, Commercial Bank
48 A Letter from Group Executive, Corporate and Investment Bank
- Corporate Governance
- Board of Directors
- Directors' Biographies
- Directors' Report
- Group Executive Committee
- Corporate Governance
- Sustainability Report
- People Report
- Risk Management
131 Business and Financial Review
- Financial Statements
- Statement of Directors' Responsibilities
- Auditors' Report
167 Consolidated Financial Statements
172 Notes to Consolidated Financial Statements
282 Statement of Value Added
- Five-yearSummary Financials
- Parent Company's Financial Statements
289 Corporate Information
3
ECOBANK GROUP
ANNUAL REPORT 2020
SUPPORTING
WOMEN
IN BUSINESS
Our 'Ellevate' programme supports women-led/owned/focused businesses with collateral-lite funding options, smart cash management, mentoring, networking and other support. Targeting this largely untapped sector offers us huge growth opportunities.
The female economy is a critical one. Women constitute roughly half of the population in Africa. One-in-four female adults in Africa starts or manages a business, making the continent one of the highest in terms of women entrepreneurs across the world.
The financing gap in women-led businesses in
Africa is about $42 billion and this represents a massive and attractive opportunity. We cannot truly say that we are a pan-African bank if we ignore this significant business segment. In 2021, we will support our women-owned and women-focused
SMEs with 10 per cent of our loan book.
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ETI - Ecobank Transnational Inc. published this content on 26 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 May 2021 16:32:03 UTC.