“To raise capital adequacy ratio by circa 300 basis points
*To support, MSMEs, small corporates
WorldStage Newsonline– Ecobank Transnational Incorporated (ETI), the parent of the Ecobank Group, has confirmed that one of its significant subsidiaries, Ecobank Nigeria, secured N50 billion, 10-Year bilateral subordinated loan.
In a notification at the Nigerian Stock Exchange, the bilateral funding was said to provide stable medium-term liquidity to the balance sheet of Ecobank Nigeria and positively improved its balance sheet ratios, especially the capital adequacy ratio by circa 300 basis points.
“ The transaction proceeds would be deployed to support Micro, Small and Medium Scale Enterprises (MSMEs) and Small Corporates,” the notification said.
