">
TechMoran
  • Advertise
  • Deals
  • Jobs
  • TV
  • Pitch Your Startup
Monday, December 9, 2019
  • Startups
  • Reviews
  • Insider
  • Business
  • Women
  • Blockchain
  • MENA
  • Obituaries
  • Guest Posts
No Result
View All Result
TechMoran
">
Home Business

Ecobank secures US$150 million term loan facility

Sam Wakoba by Sam Wakoba
5 years ago
in Business
2 min read
0
">

Related posts

Jumia Kenya is downsizing| Starts banner advertising to bolster revenues

December 9, 2019
0
Andrea Tucker
e4
Hyde Park, Johannesburg.
30 October 2019
Photograph: John Hogg

Automation’s transformative power will change banking

December 4, 2019
0

Equity Bank Triple Win at International Banking Awards Due to Innovation

December 4, 2019
0

Safaricom, MPOST to Turn Phone Numbers into Virtual Post Boxes to Boost eCommerce in Kenya

November 29, 2019
0
">

ecobank-the-future-is-pan-african-600-96833Ecobank Nigeria, a subsidiary of Ecobank Transnational Incorporated has secured a US$150 million term loan facility from Commerzbank Aktiengesellschaft, Filiale Luxemburg, First Gulf Bank PJSC, Mashreqbank psc and Standard Chartered Bank.

Set to be used for general lending purposes, the was 50 percent oversubscribed, increasing from its original US$100 million launch amount.

Established in 1986 and with approximately US$10 billion in assets today, Ecobank Nigeria ranks as one of the country’s top six banks.

In a statement, Ecobank Nigeria’s Managing Director, Mr. Jibril Aku said: “This transaction broadens and strengthens Ecobank Nigeria’s base of lending banks. We are particularly encouraged by the response of the international markets, as it reflects confidence in our long-term growth plans.”

ETI has over 1,200 branches and offices in 36 countries in West, Central, East and Southern Africa, as well as in London, Paris, Dubai and Beijing. It is listed on the Lagos, Accra and Abidjan (BRVM) stock exchanges.

 

Reads 682

Share

  • Click to share on Telegram (Opens in new window)
  • More
  • Click to share on Tumblr (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)
Tags: Ecobank
Sam Wakoba

Sam Wakoba

Taking you on tour through Africa's tech ecosystem, one startup at a time! [email protected]

Related Posts

Business

Jumia Kenya is downsizing| Starts banner advertising to bolster revenues

December 9, 2019
0
Andrea Tucker
e4
Hyde Park, Johannesburg.
30 October 2019
Photograph: John Hogg
Business

Automation’s transformative power will change banking

December 4, 2019
0
Business

Equity Bank Triple Win at International Banking Awards Due to Innovation

December 4, 2019
0
Business

Safaricom, MPOST to Turn Phone Numbers into Virtual Post Boxes to Boost eCommerce in Kenya

November 29, 2019
0
Business

Shelf Life, a global pharmaceutical subscription service, launches in Kenya

November 28, 2019
0
Business

Jumia closes shop in Tanzania, after Cameroon, to focus on mature African markets

November 28, 2019
0

Free Coupon Codes

Recent Posts

Apple to relaunch iPhone SE 2 With a New Name

December 9, 2019

How Zlto is using the Web to help young people in South Africa find work

December 9, 2019

Seedstars World Selects 10 Startups from Africa to Compete at Global Finals

December 9, 2019

Jumia Kenya is downsizing| Starts banner advertising to bolster revenues

December 9, 2019

How To Have A Successful Social Media Campaign

December 9, 2019
">

Hours & Info

Bishop Magua Plaza, Opposite Uchumi Hyper, Ngong Road, Nairobi, Kenya
+254-722-156-552
[email protected]
Lunch: 11am - 2pm
Dinner: M-Th 5pm - 11pm, Fri-Sat:5pm - 1am
Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy
No Result
View All Result
  • Startups
  • Reviews
  • Insider
  • Business
  • Women
  • Blockchain
  • MENA
  • Obituaries
  • Guest Posts

© 2019 Moran Media Group - All rights reserved Techmoran.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

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

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.