Burkina Faso, Business, Top News

Ecobank: Still the Nr1 of banks in Burkina Faso

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According to the managing staff of the Burkinabe subsidiary of the Pan-African banking group, Ecobank, “the bank registered good results in spite of the difficult national and international context“.

It appears that Ecobank Burkina made in 2014 a total balance of 605.60 billion FCFA or a progress of 15 % compared to that of 2013.

It collected resources for an amount of 429.06 billion FCFA and helped the economy for 352 billion FCFA, increasing by 9 % with regard to last fiscal year.

These results were published outside the shareholders’ 18th ordinary general meeting held last 17th April.

As a reminder, the bank was appointed the Burkinabe best bank in 2012, 2013 and 2014 by the magazine, The banker.

Established in 1996 in Burkina Faso, Ecobank has more than 250 000 customers and 77 counters, what makes of it the banking institution the most popular in the country of the honest people.

Photo: Cheick Travaly, Managing director of Ecobank Burkina.

 

Original text by:Blaise AKAME

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13 Comments

  1. Mohamed Naeem

    I am suppose to get $ 2.2 Million from the Ecobank as the beneficiary of Mrs.Saba Ibrahim.
    The Ecobank demands $ 110-000-00 as transfer charges to transfer this fund to my local
    account. I requested them to deduct from the fund and transfer the balance to my account,
    but they refused and asked me to send $ 110,000-00 to them. This is absurd and this is an
    exploitation by this Bank. I kindly request the Directors of this Bank to reconsider of their
    decision and see that the charges are deducted from the fund and transfer the balance to my local account as soon as possible.

    Thanks.

  2. Are u actually saying people make money from credit cards & those that don’t are somehow stupid hahaha..why are u not rich with all your wisdom because none of the rest of the population knows how to make money off a credit card u dumbass, if u are that advanced why are u wasting ur time in these chats bitching about average Joe’s…I’m guessing cus u don’t know & are just pretending to be an intellectual–cus u wouldn’t be here wining & pointing fingers if u were capable of covering some ground like u preach…hahaha

  3. fixed term jumbo ($100,000)depository account that is directly offered to individual consumers with no other relationship with the institution. For credit unions, insurance is issued by NCUA. This account must include a withdrawal penalty if funds are withdrawn in the first 7 days. The stated rate and yield assume that principal and interest are left on deposit for the entire term of the CD. Best rate (100 Highest Yields) accounts are offered across all 50 states.

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  4. was the best . Their Rapid Transfer service is superb for people living out of their home countries . We wish this same excellent service could be extended to Africa’s second largest economy- South Africa . Our numbers here are huge from all over Africa and we are getting desperate . Is it possible to open an Ecobank account in Cameroon

  5. We always knew Ecobank was the best . Their Rapid Transfer service is superb for people living out of their home countries . We wish this same excellent service could be extended to Africa’s second largest economy- South Africa . Our numbers here are huge from all over Africa and we are getting desperate . Is it possible to open an Ecobank account in Cameroon from South Africa without flying to Cameroon

  6. Analysing the capital adequacy of the banks in terms of rising NPLs, the CBN said: “During the period under review, indicators of capital adequacy showed marginal declines in the Nigerian banking sector, compared with the positions in the preceding and corresponding periods of 2015.”

  7. According to the financial system stability report released by the Central Bank of Nigeria, the industry ratio of non-performing loans net of provision to capital increased significantly to 30.9 per cent at end-June 2016 from 5.9 per cent at end-December 2015, depicting weak capacity of the sector to withstand the adverse impact of non-performing loans.

  8. According to the CBN, the rising credit risk will be occasioned by increased loan impairments, resulting from the depreciation of the Naira, inability of obligors to service foreign currency-denominated loans, as well as bank exposures to the oil and gas sector.
    BANKS THOMAS

  9. According to some observers, the credibility of the recently-constituted, China-led Asian Infrastructure Investment ecoBank

  10. k.lelieveld

    dear madame sir

  11. k.lelieveld

    dear maame sir

  12. Ecobank again on news, na wa for dis bank issue.D bank wakes up and decide wat to do without do consultation, they sack der worker anyhow and d majority of d staff working in Ecobank are contract workers, some have stayed up to 10 to 13yrs yet no conversion. They kip employing nonn exprience staff for d non core as dey call it to train dem.pls wat is d minister of Labour doing? Are u not aware of dis inhuman at Ecobank? Pls do something Before dis Togo bank wil useless ur citizens witout any reason, all in d name of work.

  13. gideon Czaczkes

    Cheik Travaly, The ex general manager of Ecobank Burkina Faso is a criminal. He stole my funds, 19.997.000 US$ got 10years of prison, corrupted a High Court judge …..The bank will pay all demage created me.!!!! I will block as from Tomorrow all bank reserve and bring them to the International High Court outside Burkina Faso !!!
    All these fake Criminal monkey will ebd thier lifes in prison.

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