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Agenda. IMPACT OF THE GLOBAL FINANCIAL CRISIS. African banking sector African Banks are small and fragmatted The african financial landscape is changing The future About Ecobank. AFRICAN FINANCIAL SECTOR PERSPECTIVE. Arnold EKPE CEO Ecobank Group. Arnold EKPE Ecobank Group.
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Agenda IMPACT OF THE GLOBAL FINANCIAL CRISIS African banking sector African Banks are small and fragmatted The african financial landscape is changing The future About Ecobank AFRICAN FINANCIAL SECTOR PERSPECTIVE Arnold EKPE CEO Ecobank Group Arnold EKPE Ecobank Group
Impact of Global Financial Crisis Globalisation means that Africa is now inextricably linked to the rest of the world
Global Crisis has already impacted Africa • Collapse in commodity prices • Capital Flows (portfolio investments, FDI, remittances) • Economic Stress (budget deficits, currency depreciation) • Private Sector (stock market collapse, reduced business activity)
For Banking Sector this raises several issues • Asset Impairment • Liquidity • Access to capital (Tier I & Tier II) • International Trade Credit
On the Positive Side • Prompt Response by International Community • G8-20 • IMF • World Bank • IFC • ADB • Markets/Prices Recovering
About Ecobank • Leading pan-African bank • Operations in 28 countries • 690 branches • Listed on 3 Stock Exchanges • Over 11,000 employees , 29 nationalities www.ecobank.com
Conclusion African Proverb : The darkest time of night is before dawn Thank you