Corporate Action
ECOBANK TRANSNATIONAL INCORPORATED - PRESS RELEASE ON NATURE NOTES
* Ecobank Transnational Incorporated (ETI) has announced a proposed issuance of Tier 2 "Nature Notes" to raise funds from international debt capital markets. * The net proceeds from the new issuance will be used to finance a concurrent tender offer for ETI’s existing U.S.$350 million 8.750% Tier 2 notes due in June 2031. * Any remaining proceeds will be allocated to finance or re-finance eligible assets as defined under ETI’s Green Bond Framework. * ETI intends to list the new Notes on the London Stock Exchange, subject to market conditions and final transaction documentation.
Corporate Action
ECOBANK TRANSNATIONAL INCORPORATED-ECOBANK 1Q 2026 EARNINGS
• Ecobank reported a Profit Before Tax (PBT) of $195 million for Q1 2026, up 21% year-on-year. • Attributable profit to shareholders of ETI was $93 million, up 11%, with EPS of $0.0038. • Tangible book value per share (TBVPS) increased 65% year-on-year to $0.077. • Return on average tangible equity (ROTE) was 19.5%. • Net revenue increased by 23% to $636 million, with a cost-to-income ratio (CIR) of 49.0%, down from 51.6% in Q1 2025. • The Group's CET1 ratio was 13.4%, Tier 1 Capital 14.0%, and Total CAR 16.8% as of March 31, 2026.
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