Connect with us

Banking

Ecobank Transnational Appoints New Chief Financial Officer

Published

on

Ecobank Nigeria

By Dipo Olowookere

Mr Greg Davis has been appointed by Ecobank Transnational Incorporated (ETI) as its Chief Financial Officer, and Group Executive, Finance.

Mr Davis’ appointment was announced on Thursday and he will oversee and ensure strategic management of all financial and fiscal aspects of the bank’s finance operations.

According to the company, his appointment follows a reorganisation at Ecobank in 2016, and a new strategy which provides a framework to serve customers more efficiently, while improving cost and risk management, and optimising the Group’s balance sheet.

Mr Davis has an extensive experience and knowledge of the African banking landscape, having worked for various financial institutions in similar roles across the continent.

Speaking on the appointment, the Group Chief Executive Officer Ecobank, Mr Ade Ayeyemi, noted that, “Mr Greg brings a great depth of knowledge and experience at best practice level and I’m delighted to welcome him on behalf of the Ecobank leadership team.

“His deep knowledge of corporate, commercial and consumer banking finance will be invaluable as we look to achieve our corporate strategy.”

Mr Davis joins Ecobank from Standard Bank Africa, where he was the Chief Financial Officer for all Standard bank operations in Africa, outside South Africa.

In this role, he was responsible for strategy and execution of the finance function with 400 staff members across 19 African countries.

His previous positions include Finance Director, Corporate Banking Africa, at Barclays Bank.

He has also worked with the Barclays Western Europe Retail Bank, Global Retail, and with the Commercial Banking, and prior to this with PricewaterhouseCoopers.

Commenting on the development, Mr Davis said, “I am delighted to join Ecobank to drive forward the execution of the new strategy of this leading Pan-African bank. I look forward to helping enhance the capability of the finance function to deliver its mandate.

His appointment at Ecobank takes effect from October 18, 2016 and he will be relocating to Lome, Togo with his family.

Mr Davis holds a Bachelor of Arts degree in Economic and Social History from the University of Leicester, United Kingdom.

He is a Qualified Chartered Accountant and a Fellow of the Institute of Chartered Accountants in England and Wales (ICAEW).

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via dipo.olowookere@businesspost.ng

Click to comment

Leave a Reply

Banking

Standard Chartered Introduces Smart Business Loan

Published

on

Standard Chartered Bank Nigeria

By Modupe Gbadeyanka

A credit facility package targeted at small business owners in Nigeria called Smart Business Loan (SBL) has been introduced by Standard Chartered Bank.

The product was designed to help players in the Small and Medium Enterprises (SMEs) sector meet their short to medium-term needs. It is an unsecured instalment/term loan to business banking clients within key target sectors.

A statement from the lender explained that qualified business banking clients will be able to access up to N20 million loan without providing tangible security/collateral to purchase assets, finance business expansion and other capital expenditure needs.

The maximum tenor for the credit facility is two years, Business Post gathered.

Before now, customers were required to provide full collateral cover to access loans from the bank’s business banking segment but SBL provides the necessary flexibility to its clients.

“As a bank, our purpose is to drive commerce and prosperity in the locations we operate in. This is done through offering cash, lending, trade and wealth management solutions that specifically drive economic growth,” the Head of Consumer, Private and Business Banking (CPBB), at Standard Chartered Bank Nigeria, Mr David Idoru, stated.

“Within our CPBB, the promotion of commerce is largely done through our business banking segment by banking SMEs.

“We are constantly looking for ways to ensure our clients get access to the needed support to enable their businesses to thrive and SBL provides the necessary flexibility for business growth,” Mr Idoru added.

Continue Reading

Banking

DLM Capital Praises Employees for Global Finance Award

Published

on

DLM Capital

By Modupe Gbadeyanka

Employees of DLM Capital Group, a leading developmental investment bank in Nigeria, have been applauded for the award received by the company recently.

DLM Capital was named the Best Development Finance Company Nigeria 2021 by the Global Banking and Finance Review magazine.

The honour was in recognition of the institution’s dedication to providing leadership and excellence in Nigeria’s development finance space.

While commenting on the award, the Head of Investment Banking at DLM Capital, Mr Emeka Ngene, said the honour was made possible as a result of the continuous collaboration of the DLM community.

“It is indeed an honour to receive this recognition from such a prestigious body as Global Banking and Finance Awards.

“We are pleased to be associated with this award which speaks to our dedication and hard work in addition to the expertise and innovative solutions we have implemented over the years.

“This further demonstrates our commitment to designing and implementing developmental funding solutions for the development of the country.

“We are therefore dedicating this award to our team for their continuous support in ensuring that DLM Capital thrives in its pursuit to push the frontiers of developmental capital market solutions in the Nigerian financial ecosystem.

“We are delighted once again to have been identified for our accomplishments among other players across the continent,” he stated.

Since 2011, the Global Banking & Finance Awards has honoured companies that stand out in their various areas of expertise in the banking and finance industry, thereby recognizing the accomplishments and significant revolutions that emerge every year within the global finance community.

Continue Reading

Banking

Ecobank Offers Back-to-School Loan Packages to Parents

Published

on

Ecobank Nigeria

By Aduragbemi Omiyale

The desire to ease the financial burdens of parents and guardians as regards the payment of school fees of their children and wards for the 2021/2022 school year has made Ecobank Nigeria come up with affordable loan packages.

The Head of Consumer Banking at Ecobank Nigeria, Mrs Korede Demola-Adeniyi, explained that the introduction of the credit facility is in line with the lender’s overall strategy to support the development of the nation’s education sector.

A statement from the financial institution disclosed that the loan packages were designed under its back-to-school initiatives and are also available to school owners through special infrastructure loans.

“As a bank that has the interest of its customers at heart especially at this period when schools resume, we understand the importance of education. Children deserve to go to school and we are making it easy for parents to provide them with this basic right,” she said.

Speaking specifically on the loans available for the educational institutions, she noted that they could be accessed without bottlenecks as the bank has taken into cognisance the harsh effects of the COVID-19 pandemic.

Mrs Demola-Adeniyi urged schools to appoint the bank as their preferred financial institution for payments and collections, noting that Ecobank has demonstrated pedigree and expertise in fees collection, locally and internationally.

She further encouraged schools and individuals that are yet to open Ecobank accounts to do so in order to access the offers available.

The banker also said Ecobank’s digital offerings are targeted at reducing the financial burden on parents, students and schools, and also facilitating the ease of payment of fees without hassles.

She listed the digital offerings to include Ecobank Mobile App, EcobankPay and Ecobank Online for contactless fees payment; personal loans and salary advance packages at competitive interest rates, international transfers for offshore school fees payment and affordable remittance offerings.

Mrs Demola-Adeniyi also noted that families abroad who wish to send money home to help with fees can do so at zero charges on the Rapidtransfer app.

The bank has also provided the banking-for-school pack for educational institutions to access working capital and loans. The features of this pack include easy fee collections, zero charges on collection accounts with EcobankPay, secure online banking with Omni Lite and cards for easy payments.

Continue Reading

Like Our Facebook Page

Latest News on Business Post

Trending

%d bloggers like this: