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  #401 (permalink)  
Old 19th July 2011, 02:42 AM
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Default Re: Ecobank

what is happening to this stock?what is bringing down the price? I think it is not one of the rescued banks.
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  #402 (permalink)  
Old 21st July 2011, 02:35 PM
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Default Re: Ecobank

ECOBANK NIGERIA PLC
21 July 2011
Unaudited Q2 (June) 2011
Profit and Loss Information
Turnover 11 N27.949b 10 N25.584b
Profit Before Tax 11 N1.962b 10 N2.275b
Taxation 11 (N471m)10 (N628m)
Profit After Tax 11 N1.491b 10 N1.647b

Balance Sheet Information
Fixed Assets 30-06-11 N18.587b 31-12-10 N19.595b
Investment 11 N116.414b 10 N19.656b
Treasury Bills 11 N25.386b 10 N20.756b
Loans And Advances 11 N183.949b 10 N231.108b
Cash and Bank Balances 11 N29.470b 10 N19.437b
Other Debit Balances 11 N136.712b 10 N143.687b
Deposits 11 N360.894b 10 N340.147b
Other Credit Balances 11 N61.308b 10 N36.012b
Net Assets 11 N75.811b 10 N74.319b
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  #403 (permalink)  
Old 20th October 2011, 03:58 PM
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Default Re: Ecobank

ECOBANK NIGERIA PLC
October 20, 2011
Unaudited Q3 (Sept. 2011)
Profit and Loss Information
Gross Earnings 30/09/2011 N43.537b 30/09/2010 N36.872b
Operating Expenses 11 (N30.605b) 10 (N24.826b)
Profit Before Tax 11 N4.144b 10 N1.200b
Taxation 11 (N995m) 10 (N331m)
Profit After Tax 11 N3.149b 10 N869m

Balance Sheet Information
Fixed Assets 30/09/2011 N18.506b 31/12/2010 N19.595b
Short term Investments 11 N115.880b 10 N19.656b
Treasury Bills 11 N21.608b 10 N20.756b
Loans & Advances 11 N211.033b 10 N231.108b
Cash and Bank Balances 11 N14.721b 10 N60.695b
Other Debit Balances 11 N128.626b 10 N143.687b
Deposits 11 N359.742b 10 N340.147b
Other Credit Balances 11 N73.163b 10 N39.772b
Net Assets 11 N77.469b 10 N74.319b
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  #404 (permalink)  
Old 16th November 2011, 07:09 AM
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Default Re: Ecobank

Bank manager, wife docked over alleged stealing of N209m
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  #405 (permalink)  
Old 20th November 2011, 09:04 AM
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Default Re: Ecobank

ETI Catapults Ecobank Nigeria into Major League, Articles | THISDAY LIVE
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  #406 (permalink)  
Old 24th November 2011, 07:06 PM
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Default Re: Ecobank

M & A: Ecobank to Delist from NSE, Articles | THISDAY LIVE
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  #407 (permalink)  
Old 28th November 2011, 05:47 AM
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Default Re: Ecobank

Shareholders seek due process on Ecobank?s delisting
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  #408 (permalink)  
Old 5th December 2011, 12:37 PM
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Default Re: Ecobank

Quote:
Originally Posted by Salida View Post
Nigeria's Ecobank to seek Oceanic merger approval | News by Country | Reuters
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  #409 (permalink)  
Old 7th December 2011, 07:43 AM
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Default Re: Ecobank

Ecobank Shares Lose Value on Delisting, Articles | THISDAY LIVE
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  #410 (permalink)  
Old 23rd December 2011, 08:06 AM
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Default Re: Ecobank

Shareholders approve Ecobank, Oceanic Bank?s merger
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  #411 (permalink)  
Old 4th January 2012, 04:30 AM
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Default Re: Ecobank

Gains of Ecobank, Oceanic Bank merger, by BGL
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  #412 (permalink)  
Old 4th January 2012, 01:30 PM
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Default Re: Ecobank

NSE places Ecobank on full suspension


January 04, 2012


Ecobank Nigeria Plc has been placed on full suspension following the court ordered meeting held on Thursday December 22, 2011 in preparation for the delisting of the bank from the stock exchange.
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  #413 (permalink)  
Old 16th February 2012, 08:52 PM
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Default Re: Ecobank

Quote:
Originally Posted by Salida View Post
Ecobank to Disengage Workers, Promotes 1000, Articles | THISDAY LIVE
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  #414 (permalink)  
Old 20th February 2012, 05:46 AM
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Default Re: Ecobank

Ecobank says outsourced company employees? actions targets services disruption
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  #415 (permalink)  
Old 25th April 2012, 11:38 AM
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Default Re: Ecobank

Nigeria: South Africa Firm to Invest $250 Million in Ecobank *
South Africa's Public Investment Corporation (PIC) said it will invest
$250 million in the common equity of Ecobank Transnational
Incorporated, the parent company of the Ecobank Group.
allAfrica.com: Nigeria: South Africa Firm to Invest $250 Million in Ecobank
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  #416 (permalink)  
Old 3rd June 2012, 11:56 AM
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Default Re: Ecobank

Please people, what happened to the Shares of ECOBANK and why is it no longer listed on the NSE.

Also, was the shares of OCEANIC converted to ETI or ECOBANK. And how exactly was it converted and issued to former shareholders of oceanic bank.

Who are the Registrars to ETI and what are their contact details

Someone with info should pls throw light. Thanks
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  #417 (permalink)  
Old 3rd June 2012, 12:27 PM
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Default Re: Ecobank

Quote:
Originally Posted by Salida View Post
Quote:
Originally Posted by realvenc View Post
Please people, what happened to the Shares of ECOBANK and why is it no longer listed on the NSE.

Also, was the shares of OCEANIC converted to ETI or ECOBANK. And how exactly was it converted and issued to former shareholders of oceanic bank.

Who are the Registrars to ETI and what are their contact details

Someone with info should pls throw light. Thanks
ETI the parent company of Ecobank bought Oceanic and then merged it with Ecobank (which was eventually delisted from the Exchange).
Former Oceanic Shareholders got 1 unit of ETI for every 20 units of Oceanic they had.

The Registrars of ETI- ECO SECURITIES LIMITED (now EDC Securities Limited)

Contact us page for the Registrar: Welcome to EDC Securities

Hope this is useful
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  #418 (permalink)  
Old 3rd June 2012, 12:41 PM
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Default Re: Ecobank

Quote:
Originally Posted by realvenc View Post
Please people, what happened to the Shares of ECOBANK and why is it no longer listed on the NSE.

Also, was the shares of OCEANIC converted to ETI or ECOBANK. And how exactly was it converted and issued to former shareholders of oceanic bank.

Who are the Registrars to ETI and what are their contact details

Someone with info should pls throw light. Thanks

The shares of ETI was allotted to holders of Oceanic and Ecobank, which is to say that ETI absorbed Oceanic and Ecobank. One ETI share was exchanged for twenty Oceanic Shares (1:20) I am not sure of the ratio they used for Ecobank. The Registrar for ETI is:

EDC SEC LTD
139 BROAD STREET LAGOS.

I hope this helps.
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  #419 (permalink)  
Old 3rd June 2012, 12:45 PM
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Default Re: Ecobank

Quote:
Originally Posted by chudinho View Post
The shares of ETI was allotted to holders of Oceanic and Ecobank, which is to say that ETI absorbed Oceanic and Ecobank. One ETI share was exchanged for twenty Oceanic Shares (1:20) I am not sure of the ratio they used for Ecobank. The Registrar for ETI is:

EDC SEC LTD
139 BROAD STREET LAGOS.

I hope this helps.
The link to 'Thisday' in Oga Salida's post has cleared it up. 20 Oceanic to 1 Eco. Then 5.16 Eco to 1 ETI.
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  #420 (permalink)  
Old 3rd June 2012, 02:06 PM
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Default Re: Ecobank

Thanks Oga Salida, dr Abrahamb and Chudinho for the info.

Cheers
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