Ecobank Transnational Incorporated (“Ecobank” or “the Group”), the leading pan-African banking group, has further strengthened its international operations by opening a representative office in Beijing. A pproval for the office was obtained from the CBRC (China Banking Regulatory Commission) in July and its business registration certificate was received in October from Beijing’s Administration for Industry & Commerce.
The Beijing office, located in the Taikang International Tower in the heart of the central business district, is the latest addition to Ecobank’s international distribution platform, which includes an affiliate in Paris and representative offices in Dubai and London; the Group plans to open offices in New York.
Commenting on the Beijing office opening, Albert Essien, Ecobank’s Group Deputy Chief Executive Officer and Head of Ecobank Corporate and Investment Banking, said:
“ China’s economic engagement in Africa has developed rapidly in recent years, in line with the Chinese government’s globalization strategy. Our representative office in Beijing will strengthen the cooperation between Ecobank and the Chinese financial authorities, as well as facilitating bilateral trade and investment.”
Notes to Editors
About Ecobank Group
Incorporated in Lomé, 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 offices in Dubai, United Arab Emirates, London, UK and Beijing, China. 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 has more than 600,000 local and international institutional and individual shareholders. The Group has 18,375 employees in 35 countries and 1,206 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 http://www.ecobank.com.