Ecobank Transnational Inc 2022 AR2
The report highlights Ecobank Group's strong financial performance in 2022, achieving a record return on tangible equity of 21.1% and its lowest cost-to-income ratio in a decade at 56.4%. Despite macroeconomic challenges, including Ghana's debt restructuring, the Group expanded its digital footprint, with 95% of transactions processed through digital channels. The Group also advanced its sustainability agenda by fully allocating the net proceeds of its US$350 million Tier 2 Sustainability Notes, with 96% directed to social projects and 4% to green projects. Additionally, the Ecobank Foundation continued its impactful work across Africa, focusing on health, education, and financial empowerment.
Company: Ecobank Transnational Inc
Sector: Financials
Country: Togo
Year: 2022
Type: AR2
Pages: 290
Ecobank Transnational Inc
Annual Report
The report highlights Ecobank Group's strong financial performance in 2022, achieving a record return on tangible equity of 21.1% and its lowest cost-to-income ratio in a decade at 56.4%. Despite macroeconomic challenges, including Ghana's debt restructuring, the Group expanded its digital footprint, with 95% of transactions processed through digital channels. The Group also advanced its sustainability agenda by fully allocating the net proceeds of its US$350 million Tier 2 Sustainability Notes, with 96% directed to social projects and 4% to green projects. Additionally, the Ecobank Foundation continued its impactful work across Africa, focusing on health, education, and financial empowerment.
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Document Details
Report Year
2022
Reporting Period
Jan 1, 2022 - Dec 31, 2022
Fiscal Year
2022
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Employees