…Suffers Major Setback In Core Banking Operations At The End Of 3rd Quarter In 2019 As Earnings Per Share Dropped Ecobank Transnational Incorporated (ETI) presently is facing a major setback experts revealed to this publication He said, it is necessary to enlighten the publics, shareholders, investors and customers of the bank for them to know the status of the financial institution. Reason for this is that Ecobank in its core banking operations recorded low which whittled down its finances in the third quarter ended September 30, 2019. Which means shareholders of the bank are the biggest losers as earnings per share (EPS) dropped and share price staggers. However, the bank defies Central Bank of Nigeria directives on granting 65 percent of depositors money as loans to real sector. The financial analyst said, this was as a result of the bank’s inability to attract new deposits. ETI recorded a 3 percent drop on deposits in the third quarter of this year as a...
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