Ecobank Ghana Limited

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Ecobank Ghana Limited (2021-09)
  • Ecobank Ghana Limited
  • Year : Sep 2021
3 Tokens
USD 300.00
Summary

The competitive positioning of the bank is a relative strength to the rating, benefiting from its well-established franchise and leading domestic position as a top tier financial institution. Out of 23 banks, Ecobank Ghana was the largest bank in terms of deposit and advances at 31 December 2020. Market share of deposits was 12.4% (FY19: 13.1%) and market share of gross advances was 10.4% (FY19: 12.6%) within a fragmented banking sector supporting its strong retail footprint.

Additional Information

The outlook is positive balancing GCR’s expectation that Ecobank Ghana’s financial profile would be resilient despite the strains in the operating environment and that the bank will relatively outperform the market in terms of earnings over the rating horizon. Furthermore, we expect the GCR Capital ratio to average 20-22%, supported by high internal capital generation outpacing risk weighted asset growth, and rising cost of risk.

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