Shareholders of ECOBANK have passed a resolution to merge the bank with The Trust Bank, TTB. The resolution passed at the bank’s Extraordinary General Meeting will also authorize the board to transfer shares held by Ecobank Transnational Incorporated in TTB to ECOBANK Ghana. The shareholders were however worried their interests in the bank will be diluted. But Country Director of ECOBANK’s investment wing, EDC, Mike Cobblah assured shareholders the merger would be mutually beneficial. “When you diluting its very relative. Your shares may be dropping from maybe 3 to 1.5. The 3 was based on a balance sheet of 1.8 billion and your 1.5 on a balance sheet of 2.4 billion. In essence you’ve not lost anything. It’s an arithmetic dilution. In real terms you are getting share of a bigger pie” he explained. The approval will now position ECOBANK Ghana as the biggest in the country with total assets of a little over 2.4 billon Ghana cedis - overtaking Ghana Commercial Bank. The bank would also stand out as the most profitable with 63.7 million Ghana cedis. Meanwhile, TTB is expected to be rebranded as ECOBANK by July this year.