🌍 We’re bringing our Pan-African story to the global stage!
Our Group CEO Jeremy Awori has kicked off an intensive European media Tour, starting in London. This morning, he spoke with Bloomberg TV about Ecobank’s Growth, Transformation & Returns strategy and the successful issuance of Ecobank’s USD$400M Senior Eurobond. You can watch the video below. 📺
Tomorrow, Jeremy, alongside his team and partners will be opening the London Stock Exchange, celebrating this successful issuance and our listing on the main market.
Stay tuned for more updates.
#Africa#ABetterWay
And lender to another, let's turn to Nigerian lender Ecobank because they are issuing a $400 million Eurobond in London this week. It is the first public Eurobond issuance on the London Stock Exchange by a financial institution in sub-Saharan Africa since 2021. We're pleased to be joined by Jeremy Awori, the CEO of Ecobank, who is there in our London studio for us. So Jeremy, great to have you talk to us about the timing. Why now? We just mentioned how significant this is for a. Sub-saharan African Bank But why now? We're we're at the firstly great to be here. We're at the phase where we are implementing our growth transformation and return strategy for the next strategic horizon. And we we are raising these funds, you know, in the capital markets, we're confident in our strategy as a bank with the largest presence on the continent with 35 markets. We've got an exciting strategy for growth and transformation and we're sharing that with the market and we were very confident that we would raise. These funds within the market and took this bold step of of, of of taking this decision to come to market. Let me just ask you about market conditions though. We've been talking about the the move higher and yields around the world and I wonder whether you were put off by the fact that duration is is moving a lot higher and you're financing costs ultimately are going to be higher on the back of this decision to issue the bonds right now. Yeah. So we've already, we've, we've already issued the bonds and we have we in fact, to be honest, we, we, we did it very successfully. We explained our diversified banking model across the continent where we've got many exciting opportunities in many of our markets. In fact, we are the probably the most diversified bank in terms of countries and in terms of businesses. We've got an exciting model around payments. So when we explained our story, we actually were oversubscribed by two times. So we've already. Technically raised the the 400 million, which was more than we actually needed. But we really feel at this point that these funds are essential for us to execute our growth transformation and return strategy. And when we told our story and explained our strategy, the markets took it very positively, hence being oversubscribed. And we're confident we'll be able to execute that strategy and make a difference in terms of growing our business, impacting regional integration, financial inclusion payments as well as support. Countries and economic growth, you know, in the coming years and in a sustainable manner that that will reward all our stakeholders in the process. Jeremy, you talk about the diversified banking model across the continent. I'd be remiss to not ask you about Nigeria. I'd seen you talk about the difficulties that you've had at least in that market. What does this mean going forward for the bank? Do you think the worst of at least the naira volatility and what we've seen there is behind you? Nigeria is obviously a core market for Africa. We got that, that, that is very clear. And for us it's an important market as part of our 35 markets that we operate in. We're investing in the business. We see lots of opportunities when you consider we've got a 60 million plus bankable population. We've got lots of opportunities for value addition. We see significant opportunities in the retail and SME banking segments in addition to payments. So we are optimistic we're using. Technology to grow our business, which will allow us to better manage our efficiency, our productivity while delivering top class services to our customers. So there, there have been changes within the market. It has been a challenging period as you've indicated and but we're still optimistic when we look to the medium to long term and remain committed to making a difference within the market and growing our business. Have you been able to meet some of the requirements that we've heard from the Central Bank of Nigeria? We've seen a number of banks within the economy actually struggling to meet these capitalization requirements. Where is Ecobank at this point? So the, the, the regulators did implement some new capital requirements and I'm glad to say we've already met the requirements which were 200 billion naira. We've met those requirements ahead of the 2026 deadline. And that's positive for us, shows really our commitment to growing this business and transforming this business in the future. So we are really poised for the business transformation and looking looking sort of forward positively. We're also looking at Nigeria's role, excuse me, Nigeria's role. In terms of a a regional trading player within West Africa and that also plays to our strengths in the markets in which were present. Well, Speaking of West Africa, there's been an exit of some of the legacy French banks and and I wonder how you see that creating an opportunity for Ecobank in that environment. Ecobank has a very long history, you know, within the, the the African market and in particular the West African market. We we are very focused on our own strategy. I guess the the other banks have determined what their strategy will be in the region. We see lots of opportunities, you know, in which we can grow our business. So if they make that choice to exit, this becomes an opportunity for us to provide banking services to customers and we are already embarking on that and seeing. Strong positive growth within many of those markets, but we see, we see this by and large more as an opportunity for the bank to grow in the future. Jeremy, I worry. Thank you so much for getting up early and for speaking with us. That was the CEO of Echo Bank. We really appreciate your time.
Africa’s indigenous banks are increasingly dominating the market space, and I project that within the next five years, African-owned businesses will fully control this sector. This shift is a positive sign for the future, fostering economic growth and greater self-reliance across the continent.
Kudos to the players who are making this possible.
Africa’s indigenous banks are increasingly dominating the market space, and I project that within the next five years, African-owned businesses will fully control this sector. This shift is a positive sign for the future, fostering economic growth and greater self-reliance across the continent.
🌍 We’re bringing our Pan-African story to the global stage!
Our Group CEO Jeremy Awori has kicked off an intensive European media Tour, starting in London. This morning, he spoke with Bloomberg TV about Ecobank’s Growth, Transformation & Returns strategy and the successful issuance of Ecobank’s USD$400M Senior Eurobond. You can watch the video below. 📺
Tomorrow, Jeremy, alongside his team and partners will be opening the London Stock Exchange, celebrating this successful issuance and our listing on the main market.
Stay tuned for more updates.
#Africa#ABetterWay
Congratulations to Paul Gibbs, Tommaso Ponselé, Iman Abdel Khalek, Vincenzo Botta, Paul-Emmanuel Micolet and Ebba Wexler for being recognised by the market as a leader in DCM and winning Best Emerging Market Bookrunner, Best SSA MTN Dealer and Best EUR Callable MTN Dealer. Citi cemented its status as a leading global financial institution this year with its exceptional performance in emerging markets and private placements. It managed numerous transactions across 23 countries, serving a diverse range of issuers with various products in 18 currencies. In the SSA MTN market, it led over 100 transactions totalling more than USD10bn. Citi demonstrated remarkable financial innovation, strategically executing over two-thirds of its transactions in currencies beyond the traditional USD, GBP, and EUR, showcasing its sophisticated global currency strategy. In addition to this, Citi showed robust performance in the EUR callable private placement MTN market. For these reasons, as well as market interviews and feedback, Citi is a deserving winner of these three awards mentioned above. This outstanding performance can without a doubt be attributed to the expertise and dedication of its team. Click on the link to read the full Award Statement.
https://lnkd.in/ebBvqJvk#DebtCapitalMarkets#CapitalMarkets#BondMarkets#FixedIncome#CorpotateFinance#MTN#PrivatePlacements#EmergingMarkets
Recently CCB London Branch successfully held a very insightful African roundtable.
We discussed key topics such as:
1. How to build stronger relationships between African and Chinese Financial Institutions.
2. The Pro's and Con's of conducting trade finance business in Africa.
3. The continued internalisation of #RMB, including the benefits of utilising both onshore and offshore #Renminbi and how to increase flows in Africa. CCB London have processed over 100trillion in global clearing volumes over the last 10 years!
4. The need for global institutions to take a different view on risk in Africa;
We spoke candidly about the demand for more trust between the International banking sector, African Institutions and Corporate entities.
It was great to connect with so many Banks and Institutions that are key to the growth and development of business in Africa.
Only 17% of Kenyan SMEs are finding it easy to trade within Africa, with the majority of businesses preferring to trade with other parts of the world, Stanbic Bank's latest survey data has shown.
Despite the notable progress by AfCFTA, high transaction costs and regulatory complexities are driving Kenyan SMEs to shy away from trading within the region, limiting their growth potential.
For us, part of our core mission is to remove these barriers, enabling SMEs to grow and thrive with seamless, secure cross-border payment solutions—enabling trade in local currencies, access to low exchange rates, and support for over 50 currencies.
Learn more about our solutions for SMEs: https://hubs.ly/Q02ZNdCm0#SME#crossborderpayments
With the conclusion of the Combined Offer, we would like to express our profound gratitude to our customers, new investors and existing shareholders for supporting us on this journey. We couldn’t have done it without you.
Our deepest thanks also go to our regulators namely the CBN, Securities and Exchange Commission (SEC) and the Nigerian Exchange Limited (NGX): the CBN for its vision of recapitalizing Nigerian banks to ensure banks have sufficient capital to sustain a $1tn economy in the near future and improve the overall confidence in the banking industry; SEC and the NGX for the role they played in ensuring the seamless execution of this first phase of our recapitalization plans.
As a Bank, we remain committed to helping individuals grow, businesses thrive, and economies prosper as we continue to deliver enduring value to our shareholders.
#ThankyouforBuyingFidelityShares#BetterThanASlice
📊🚀Explore the exciting news and opportunities that will be driving our financial market this week!
CEMAC: Henri-Claude Oyima announces BGFIBank's listing on BVMAC in 2025
UEMOA: BRVM MORE THAN FCFA 2.4 BILLION TRADED ON THE EQUITY MARKET.
Investment opportunities💸: This week, the main opportunities on the money market concern the #Central African Republic and #Gabon, which are going to issue BTAs and OTAs.
Dear investors, find out all about this news and the details of the various opportunities in our 📊 weekly review.
Building wealth, together !
#Cemac#WeeklyReview#FinancialMarkets#Investment#News#Opportunities#Cameroon#Invest#Richesse#Finance#Africa#Stockmarket#MarketTrends#EconomicPerspectives
Congratulations to Friedrich Luithlen, Maximilian Lainer, CIIA, Nicolas Schott, Jonathan Freydank, Annalisa O. and Florian Lukosek for being recognised by the market as a leader in DCM and winning Best German Schuldschein Dealer and Best Structured MTN Dealer Awards. Over the past 12 months, DZ BANK AG has solidified its position as a leader in both the Schuldschein market and structured MTN private placements, showcasing exceptional performance and innovation. It distinguished itself by offering flexible deal structures and customized financial products that could effectively meet the unique needs of diverse corporate clients. Its expertise in creating tailored solutions with varied call structures and maturities, coupled with its in-house private placement platform InGen, has been instrumental in its rise to prominence. These factors, alongside feedback from market participants make DZ Bank a deserving winner of the Best German Schuldschein Dealer and Best Structured MTN Dealer.
Click the link below to read the full Award Statement:
https://lnkd.in/ea2c7tiW#DebtCapitalMarkets#CapitalMarkets#FixedIncome#Schuldschein#CorporateFinance#Germany#Structured#MTN#PrivatePlacements
Confirming our strong position and ability to tap the markets, Alpha Services and Holdings successfully priced a Euro 500 million, Subordinated Tier II bond, with a maturity of 10.25 years, callable in 5.25 years and a yield of 6.125%.
The transaction attracted high interest from the international investor community, with orders coming in from more than 130 accounts, exceeding €1.5 billion, ratifying investors’ perception on the progress of the Bank.
Commenting on the outcome, Group CFO, Lazaros Papagaryfallou noted: “Strong demand from a well-represented international investor base led to this successful outcome, at a coupon well within initial market expectations. We regard it as a clear vote of confidence in the future of Alpha Bank and in the outlook for the Greek economy.”
Read more: https://alphab.gr/3xaxiWI#AlphaBank#AlphaHoldings#Tomorrow#GreekEconomy
Driving Financial Excellence | Seasoned Chartered Accountant & Relationship Manager| Business Analyst(CBAP) In-View| Business Analytics | Aspiring Authority In Taxation | Driving Growth Through Strategic Partnerships
3moAfrica’s indigenous banks are increasingly dominating the market space, and I project that within the next five years, African-owned businesses will fully control this sector. This shift is a positive sign for the future, fostering economic growth and greater self-reliance across the continent. Kudos to the players who are making this possible.