The analysis on Ecobank Ghana Limited reflects the strengths and weaknesses of the wider Ecobank Ghana Group. The downgrade takes into account the lowered country risk score from 3.75 to 3.5, marginally weaker business profile and the constrained capacity of Ecobank Transnational Incorporated (ETI) to financially support its’ subsidiaries
Ecobank provides a full suite of banking products and services to corporates, individuals, SMEs and micro businesses. Non-bank financial services are offered via the bank’s subsidiaries and associates. The bank benefits from its position as a top tier financial institution in the domestic market, and as such it has a stable funding structure comprising approximately 80% of low-cost retail deposits.