{"id":471508,"date":"2021-05-28T10:09:24","date_gmt":"2021-05-28T10:09:24","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=471508"},"modified":"2021-05-28T10:09:24","modified_gmt":"2021-05-28T10:09:24","slug":"ecobank-a-profit-of-201-million-usd-recorded-in-2020","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2021\/05\/28\/ecobank-a-profit-of-201-million-usd-recorded-in-2020\/","title":{"rendered":"Ecobank: a profit of 201 million USD recorded in 2020"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>At a virtual ordinary general meeting this Thursday, May 27, Ecobank shareholders validated the group&#8217;s 2020 results with an annual profit which amounted to 201 million USD, against 184 million USD in 2019. An increase of result that the pan-African bank based in Lom\u00e9 owes to the acceleration of the use of technology during the year.<\/p>\n<p>\u201cThe pandemic has accelerated the gradual migration of consumers to digital channels, which has transformed the way we work in many ways. Thanks to our technological investments over the years, we were prepared and made sure to provide our customers with permanent 24\/7 access to their financial services requests, \u201dthe bank said in a statement. The group&#8217;s net banking income increased by 4% to reach 1,680 million USD in 2020, according to the same source.<\/p>\n<p>Note that all the resolutions presented to the Annual General Meeting were approved, including the renewal of the directorships of President Alain Nkontchou, Brian Kennedy and David O\u2019Sullivan for a period of three years. The shareholders also ratified the co-option of Herv\u00e9 Assah as director, for a three-year term. In addition, the mandate of the auditors, Deloitte Nigeria and Grant Thornton C\u00f4te d&#8217;Ivoire, was renewed for a period of six years subject to the modification of the articles of association of the company.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>At a virtual ordinary general meeting this Thursday, May 27, Ecobank shareholders validated the group&#8217;s 2020 results with an annual profit which amounted to 201 million USD, against 184 million USD in 2019. An increase of result that the pan-African bank based in Lom\u00e9 owes to the acceleration of the use of technology during the<\/p>\n","protected":false},"author":536282,"featured_media":471509,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[16158,12000,11996],"tags":[18486,16631,79,18487],"class_list":["post-471508","post","type-post","status-publish","format-aside","has-post-thumbnail","category-bank","category-banks-insurance","category-finance-en","tag-201-million-usd","tag-16631","tag-ecobank","tag-virtual-ordinary-general","post_format-post-format-aside","pmpro-has-access"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Ecobank: a profit of 201 million USD recorded in 2020 - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. 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We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. 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