Lagos, July 11, 2025 – Ecobank Transnational Incorporated is raising $250 million in Additional Tier 1 capital through a private placement launched on July 9, 2025.
The private placement is open for 10 days.
The bank disclosed this in a statement filed with the Nigerian Exchange Limited.
It said the capital raise is to strengthen its capital adequacy, enhance financial resilience and support its long-term growth.
The bank said the capital raise had been approved by its shareholders at an Extraordinary General Meeting in Togo.
“Following the approval of the shareholders at its Extraordinary General Meeting held on May 28, 2025, in Lomé, Togo, to raise up to $250m in Additional Tier 1 capital qualifying instruments via a private placement of contingent convertible notes, Ecobank Transnational Incorporated announces the launch of the AT1 effective July 9, 2025, for ten days. Renaissance Capital Africa has been appointed as the transaction adviser to ETI.,” the bank said.
Madibinet Cisse, the Company Secretary, described the capital raise as a critical step in the bank’s efforts to fortify the bank’s financial foundation and support sustainable growth across Africa.
