• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

Ecobank Group hopes to cut down on Non-Performing Loans by next year

Adaobi Nnadiukwu by Adaobi Nnadiukwu
April 26, 2019
in Business News, Company News
Share on FacebookShare on TwitterShare on Linkedin

Ecobank Group has declared its intention to to reduce the number of it’s Non Performing Loans (NPL), from 9.6 percent in 2018, to 5 percent come 2020.

The Chairman of Ecobank Group, Emmanuel Ikazoboh, stated this while presenting the bank’s 2018 financial report at the 31st Annual General Meeting (AGM) held in Lome, Togo.

Its resolution vehicle has helped prevent liquidity – Ikazoboh, assured shareholders that the resolution vehicle created in 2017 to manage the legacy loan portfolio has helped stem its capital erosion and improved liquidity.

RelatedStories

Ecobank

Ecobank announces early retirement of Group Chief Risk Officer Chinedu Ikwudinma after 3 years service 

May 5, 2025
Ecobank

Will Ecobank Nigeria’s lagging performance impact group prospects? 

August 18, 2024

The bank’s management has been enhanced – The bank has enhanced its management so as to put an end to the losses it faced in the previous years.

“Thankfully, we have made significant progress, especially with the credit risk portfolio within corporate and investment bank. We still have a lot of work to do on the portfolio, particularly within commercial bank, and we continue to focus intensively on it.”

What are Non Performing Loans

A bank loan is considered non-performing when more than 90 days pass without the borrower paying the agreed instalments or interest. Non-performing loans are also called “bad debt”.

A brief summary of the company’s 2018 financial result

Gross Earnings – Gross earnings increased marginally from N763 billion in 2017 to N773 billion in 2018.

Profit before tax – Profit after tax rose from N69.7 billion in 2017 to N101.9 billion in 2018.

Earnings per share – Earnings per share increased from N2. 22 per share in 2017 to N3.30 per share in 2018.

Ecobank’s stand on the results

Ikazoboh, described the bank’s performance for 2018 as solid:

“For your company, 2018 was an inflection point. It marked the ‘Execution ‘ phase of our strategy following the initiatives that we took to strengthen the company’s foundation.

“I therefore characterised the company’s performance in 2018 as solid. We have improved our control environment by strengthening the team and investing in systems and processes.”

Ade Ayeyemi, the Group Chief Executive Officer, Ecobank Transnational Incorporated (ETI), described the bank’s financial results in 2018 as remarkable in many ways, saying it reflects the meaningful and significant progress they made in the execution of “our Roadmap to Leadership strategy”.

“It also demonstrates the commitment, hard work and contribution of Ecobankers towards ensuring our sustainable foundation for growth.”

ETI is currently trading at N10.80 in today’s trading session on the Nigerian Stock Exchange (NSE).


Follow us for Breaking News and Market Intelligence.
Tags: Ade AyeyemiEcobank GroupEcobank Transnational Incorporated (ETI)Emmanuel IkazobohNigerian Stock Exchange (NSE)Non Performing Loans (NPL)
Adaobi Nnadiukwu

Adaobi Nnadiukwu

Related Posts

Ecobank
Appointments

Ecobank announces early retirement of Group Chief Risk Officer Chinedu Ikwudinma after 3 years service 

May 5, 2025
Ecobank
Blurb

Will Ecobank Nigeria’s lagging performance impact group prospects? 

August 18, 2024
Ecobank Group, Abena Osei-Poku, West Africa
Appointments

Osei-Poku named Ecobank Group’s Regional Executive for Anglophone W/Africa, alongside other senior appointments

March 21, 2024
​Ecobank delivers strong 2022 result as its Nigeria business trails
Company News

​Ecobank delivers strong 2022 result as its Nigeria business trails

April 12, 2023
Ecobank Group’s digital transactions hit $59.1 billion in 9 months
Tech News

Ecobank Group’s digital transactions hit $59.1 billion in 9 months

December 9, 2022
List of Dividends announced in 2022
Dividends

Nigerian Stocks: List of Dividends announced in 2022

November 3, 2022
Next Post
Facebook's new policy on political ads and threat to SMEs in Nigeria

Facebook sues company for selling 'fake likes and followers' to people

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • Lagos Govt announces plan for $400 million Waste-to-Energy plant in Epe 
  • Breaking: GTCO targets 15% dividend yield, 25% ROE after landmark London listing
  • Dangote Group to double fertilizer output, eyes regional export expansion 

Follow us on social media:

Recent News

Lagos Govt announces plan for $400 million Waste-to-Energy plant in Epe 

Lagos Govt announces plan for $400 million Waste-to-Energy plant in Epe 

July 10, 2025
GTCO,Afex Commodities Exchange

Breaking: GTCO targets 15% dividend yield, 25% ROE after landmark London listing

July 10, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics