Ecobank TransNational Incorporated has stated that the bank is well positioned to play a key role in supporting the growth of Small and Medium Enterprises (SMEs) in Nigeria .
The bank also expressed its commitment to stay ahead of trends in the industry by leveraging opportunities in the Financial technology space to improve its technology adoption, bank’s payment system and consumer development .
Addressing stockbrokers at the ‘Bell Ringing Ceremony’ held at the floor of the Nigerian Exchange Limited (NGX), Group Chief Executive Officer of ETI, Jeremy Awori said the bank is working assiduously towards playing a leadership position and creating value in the African Continental Free Trade Area Agreement (AfCFTA).
According to him, the bank remained consistent with its strategy to enhance profitability and increase shareholders value on investment.
He said: “We will continue to create more value in the country amidst the developments in technology, payments and SMEs.. We are excited about the growth opportunities in Nigeria. We have the largest pan-African footprint across 35 countries in Africa and are uniquely positioned to seize these growth opportunities for the benefit of our customers and clients.
“We recognise that responding to the evolving needs of the Nigerian customers and clients is critical to delivering our pan-African strategy. We are therefore determined to double down our efforts to support the growth of Ecobank Nigeria, which is a core business for the Ecobank Group”.
Commending NGX for its leadership role and innovations, especially the NGX Technology Board, Exchange Traded Funds, market development, and sustainability drive, Awori stated that the bank would actively work with the Exchange on developmental initiatives. “We will be building up our corporate and SME banking businesses as we are focused on growth transformation and maximising value for shareholders and investors.”
Chief Executive Officer, NGX, Temi Popoola while delivering his remarks commended the bank for its market leadership and focus on Small and Medium Enterprise banking.
“This aligns with our goal at NGX to do more for SMEs as we believe they are the engine of economic growth. This has led to a few of our partnerships including the Memorandum of Understanding with the Bank of Industry (BoI). I also want to commend ETI for its work on sustainability and for playing an important leadership role in setting an example for the market.”
Popoola added that the exchange had notable plans in sustainability, especially around carbon emissions reduction and was exploring partnerships with organisations like ETI to move the capital market further on the path to Net-Zero.
