Ecobank Clinches Best Financial Reporting Company Award

Ecobank, the Pan African ban k scooped the Africa Investor Best Financial Reporting Company award in the Banking category at a ceremony held in London.
The Africa Investor Financial Reporting Awards assess the quality of the financial reporting of African companies, analysts covering Africa and the financial media. It reviews nominations for reports compiled between January 2009 and January 2010.
The Awards are unique in that they are the only Africa-specific awards to recognise the performance of analysts, CEOs, investor relations professionals and the financial media for their Africa capital market coverage and reporting at the country, company, and sector level (banking, telecoms, resources, other).
Eight other companies doing business in Africa received awards in their respective categories during the presentation ceremony at Bloomberg. Around 150 senior executives from across Africa, the UK and from other parts of the world attended the event. Commenting on the award, Arnold Ekpe, Ecobank CEO said: “We are pleased to receive this award which recognizes our commitment to transparency and international standards. Ecobank has been a pioneer in adopting IFRS and reports in US dollars, the international reserve currency.” The Africa Investor Financial reporting Award is the latest in a string of awards received by Ecobank since its formation over 20 years ago.
In December 2009 Ecobank won 11 awards for individual affiliates at the 9th The Banker; Bank of the Year Awards ceremony in London. The award places Ecobank at the top of Africa’s banking sector and underlines its status as a leading Pan African institution with more presence in Africa than any other bank in the world.