Nigerian bank ratings are threatened by corporate governance issues and rapid loan growth as competition increases credit risk, said Standard & Poor’s. “We see a risk that the momentum behind regulatory improvements may slow after leadership changes at the central bank this year,” Samira Mensah, a Johannesburg-based credit analyst at […]
Tag: Ecobank Transnational Incorporated
Pan-Africa Lender ETI to Reconstitute Board
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)- Pan-Africa lender Ecobank Transnational Incorporated (ETI) Friday said its set to reconstitute its board of directors. This is coming on the heels of a proposed extraordinary general meeting (EGM) of the bank scheduled for Monday, March 03, 2014 in Lome, Togo. Apart from reconstituting […]
Fitch: Ecobank’s Issues Flag Pan-African Banks’ Regulatory Risks
(The following statement was released by the rating agency) The findings of the Nigerian Securities and Exchange Commission investigation into Ecobank Transnational Incorporated (ETI) this month highlight the supervision and corporate governance risks of large pan-African groups, Fitch Ratings says. Insufficient cross-border supervision and lower regulatory standards in some frontier […]
