Ecobank Announces Delay in Filing 2016 FY Results

April 1, 2017
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Ecobank Announces Delay in Filing 2016 FY Results

By Modupe Gbadeyanka

Ecobank Transnational Incorporated (ETI), the parent body of Ecobank, has explained why it has delayed announcing its results for the year ended December 31, 2016 like other firms have done.

According to a statement signed by the bank’s Group Chief Financial Officer, Mr Greg Davis, the delay was caused by approval of regulatory agencies.

Mr Davis noted that audited Financial Statements have already been approved by the Board of Directors of Ecobank.

“The delay is on account of awaiting the regulatory approval for the release of results for Ecobank Nigeria,” he said.

He said the bank “apologizes for any inconvenience caused,” promising that Ecobank “will update the market in due course, following with an analysts and investor conference call to discuss the financial results.”

Modupe Gbadeyanka

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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