Ecobank Scoops Best Financial Reporting Company Award in the Banking Category

28 April 2010
Content from a Premium Partner
Ecobank (Lome)
press release

Lome - ECOBANK scooped the Africa Investor Best Financial Reporting Company award in the Banking category at a ceremony held in London.

The Africa Investor Financial Reporting Awards assess the quality of the financial reporting of African companies, analysts covering Africa and the financial media. It reviews nominations for reports compiled between January 2009 and January 2010.

The Awards are unique in that they are the only Africa-specific awards to recognise the performance of analysts, CEOs, investor relations professionals and the financial media for their Africa capital market coverage and reporting at the country, company, and sector level (banking, telecoms, resources, other).

Eight other companies doing business in Africa received awards in their respective categories during the presentation ceremony at Bloomberg. Around 150 senior executives from across Africa, the UK and from other parts of the world attended the event.

Commenting on the award, Ecobank CEO Arnold Ekpe said: "We are pleased to receive this award which recognizes our commitment to transparency and international standards. Ecobank has been a pioneer in adopting IFRS and reports in US dollars, the international reserve currency.

" The Africa Investor Financial reporting Award is the latest in a string of awards received by Ecobank since its formation over 20 years ago. In December 2009 Ecobank won 11 awards for individual affiliates at the 9th The Banker; Bank of the Year Awards ceremony in London.

The award places Ecobank at the top of Africa's banking sector and underlines its status as a leading Pan African institution with more presence in Africa than any other bank in the world.

About Ecobank (www.ecobank.com)

Incorporated in Lome, Togo, Ecobank Transnational Incorporated (ETI) is the parent company of the leading independent regional banking group in Africa. It currently has a presence in 30 African countries, namely: Benin, Burkina-Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Congo- Brazzaville, Côte d'Ivoire, Democratic Republic of Congo, Gabon, Gambia, Ghana, Guinea, Guinea- Bissau, Kenya, Liberia, Malawi, Mali, Niger, Nigeria, Rwanda, Sao Tome and Principe, Senegal, Sierra Leone, South Africa, Tanzania, Togo, Uganda and Zambia. The group is also represented in France through its affiliate EBI S.A. in Paris. ETI also has a presence in Dubai, United Arab Emirates, where it holds a license for a representative office but is not yet operational.


ETI is listed the stock exchanges in Lagos, Accra and the West African Economic and Monetary Union (UEMOA) – the BRVM. The Group is owned by more than 180,000 local and international institutional and individual shareholders. It has over 11,000 employees from 29 different countries in over 700 branches. Ecobank is a full-service bank providing wholesale, retail, investment and transaction banking services and products to governments, financial institutions, multinationals, international organizations, medium, small and micro businesses and individuals.


For more information please send an email to contact@ecobank.com

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