Ecobank shareholders get $40 million dividends payout

The group’s profit for the year 2021 was 357 million dollars compared to 88 million dollars in 2020.

THE Ecobank Transnational Incorporation (ETI), the parent company of the Ecobank Group, has paid out a total dividend of US$40 million dollars to shareholders.

The Group Chief Executive Officer and Executive Director of ETI, Ade Ayeyemi, made the disclosure during a hybrid event of ETI’s 34th Annual General Meeting, held on Wednesday in Abidjan, Cote d’Ivoire.

The AGM was held under the theme: “ One Market. Endless Opportunities”.

The payment is coming after over five years of non-dividend payment.

According to Ayeyemi, improvements recorded in the bank’s ‘Roadmap to Leadership’ strategy adopted in 2016, are instrumental to achieving the dividends payments.


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