Ecobank Zimbabwe Limited

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Ecobank Zimbabwe Limited
  • Ecobank Zimbabwe Limited
  • Year : Oct 2020
3 Tokens
USD 300.00
Summary

The ratings on Ecobank Zimbabwe Limited reflect the bank’s sound financial profile relative to rated peers in the adverse operating environment. The ratings also reflect a sound business profile, supported by above average franchise strength, good levels of business diversification, low cost of funds, and a track record of revenue stability.

Additional Information

The ratings benefit from support and integration of the bank with its ultimate parent, Ecobank Transnational Incorporated (“ETI”), although not a material asset or revenue contributor. The outlook is Stable, balancing our expectation that Ecobank Zimbabwe will maintain a sound financial profile supported by high internal capital generation and adequate levels of liquidity against the turbulent operating environment.

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