Lomé, Togo — Ecobank Transnational Incorporated ("Ecobank" or "the Group") held its inaugural Capital Markets Day at the Group's headquarters in Lomé on Friday, 18th January.
The event aimed to introduce Ecobank's senior management to an audience of major shareholders and research analysts, and provided detailed insights into the Group's current operations and its strategic objectives going forward.
Ecobank's Group CEO, Thierry Tanoh, commented:
"We were delighted to welcome buy- and sell-side representatives from across Africa, the UK, the Middle East and the US here in Lomé, Togo. It gave us an excellent opportunity to demonstrate the strength and depth of our divisional and regional management teams to a wider international audience. We believe passionately in Africa's long-term growth potential and, over time, look forward to unlocking the true value of our unique pan-African footprint to the benefit of all of our stakeholders."
Ecobank used the event to outline its growth targets for 2013 and the operational steps that are being taken to deliver them. By focusing on its strategic priorities of customer service, shareholder value and becoming an employer of choice, Ecobank believes these targets are achievable as it continues its mission of building a world class pan-African bank.
Ecobank's growth targets for the Group in 2013 are outlined here:
- Deposit growth of 20%+
- Loan growth ~1/2 deposit growth
- Revenue growth of 15%+
- Cost-to-Income ratio of low 70s percent
In addition, the Group targets a Cost-to-Income ratio of below 60% for 2015.
The presentation slides are available to download via our website at www.ecobank.com/group/investorrel.aspx, and a full audio-cast will be made available there in
coming days.
