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
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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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Disclaimer
ETI - Ecobank Transnational Inc. published this content on 10 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 May 2021 14:13:03 UTC.
Ecobank Transnational Incorporated is the leading independent pan-African banking group. The group's activity is organized primarily around 3 areas:
- business banking: activity targeting primarily governments, multinational corporations, and financial institutions;
- retail banking: sales of standard and specialized banking services (consumer credit, mortgage lending, etc.);
- market banking.
At the end of 2022, the group had USD 20.8 billion in current deposits and USD 11 billion in current loans.