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.