“We did not choose the easy way out,” explained Ade Ayeyemi on May 25 in front of more than a hundred participants present at the Sofitel Ivoire hotel in Abidjan, for the high mass of Ecobank shareholders. , organized in a hybrid format this year. At the helm since September 2015, the Nigerian CEO of Ecobank Transnational Incorporated (ETI), a defector from Citi, has overseen an intense transformation of the pan-African bank, in a most difficult context.
Among the challenges he has had to face are: the complex legacy of the acquisition of Oceanic Bank in Nigeria, which weighed down the portfolio of the Lagos subsidiary with bad debts, the fall in commodity prices during the second half of the 2010s, followed by the Covid-19 crisis – “an event of this magnitude only happens once every hundred years”, recalled Ade Ayeyemi.
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