16 July 2012
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Ecobank (Lome)

Ecobank Ghana Named "2012 Best Bank in Ghana" by Euromoney

press release

Ecobank Ghana has been named "Best Bank in Ghana" by the leading international finance magazine, Euromoney. The awards were presented last week at the 2012 Euromoney Awards for Excellence Dinner in London. The Ecobank Group also scooped the award for Best Bank in Africa.

Regarded as the flagship awards for financial services globally, the Euromoney Awards for Excellence are now in their 22nd consecutive year. This year's awards process, which began in April, attracted over 600 submissions from the world's banks and brokerage houses. In deciding on the award winners, Euromoney's dedicated research team and awards panel rated all the submissions on both quantitative and qualitative factors, such as KPIs, financial ratios and innovation, over the past 12 months.

Commenting on why Ecobank Ghana was selected for the award, Euromoney Editor, Clive Horwood, explained:

"The bank's growth and success story has continued in 2011. It is now the largest bank in the country following the merger with The Trust Bank Ghana ('TTB'), with a network of 76 branches and a presence in 8 of the country's 10 regions. It is also the largest in terms of profitability, deposits and net worth, making it the worthy winner of best bank in Ghana this year."

Samuel Adjei, Managing Director of Ecobank's Group CEO, said:

"This award recognizes Ecobank Ghana's record of strong organic growth, as well as our contribution to the economy and society in Ghana. The acquisition of TTB was a landmark transaction, consolidating our market leadership.   Our focus in the years to come will be geared towards building upon the impressive growth that we have achieved to date."

Notes to Editors

About Ecobank:

Incorporated in Lome, Togo, Ecobank Transnational Incorporated is the parent company of the leading independent pan-African banking group. It currently has a presence in 32 African countries, namely: Angola, Benin, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Congo (Brazzaville), Congo (Democratic Republic), Côte d'Ivoire, Gabon, Gambia, Ghana, Guinea, Guinea-Bissau, Kenya, Liberia, Malawi, Mali, Niger, Nigeria, Rwanda, Sao Tome and Principe, Senegal, Sierra Leone, South Africa, Tanzania, Togo, Uganda, Zambia, Zimbabwe.

The Group is also represented in France through its affiliate EBI S.A. in Paris. ETI also has representative office in Dubai, United Arab Emirates and London, UK. ETI is listed on the stock exchanges in Lagos, Accra and the West African Economic and Monetary Union (UEMOA) – the BRVM in Abidjan. The Group is owned by more than 600,000 local and international institutional and individual shareholders. The Group has 18,321 employees in 35 countries and 1,180 branches and offices.

Ecobank is a full-service bank providing wholesale, retail, investment and transaction banking services and products to governments, financial institutions, multinationals, international organizations, medium, small and micro businesses and individuals. Additional information may be found at www.ecobank.com.

About Euromoney

Euromoney Magazine is the flagship title of the London-based financial communications company Euromoney Institutional Investor PLC. Founded in 1969 by Sir Patrick Sergeant, Euromoney Magazine is the voice of the international capital markets and for over 40 years has offered unparalleled coverage of the global bond, equity and foreign exchange markets.   Euromoney Institutional Investor PLC is a constituent of the FTSE-250 index and is listed on the London and Luxembourg Stock Exchanges.

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