• English
  • En Français
My Account

AllAfrica

  • By AllAfrica
  • News Sources
  • Media Kit
  • Who We Are
  • Donate
  • Countries
    • All Countries
      • AlgeriaAngolaBeninBotswanaBurkina FasoBurundiCameroonCape VerdeCentral African RepublicChadComorosCongo-BrazzavilleCongo-KinshasaCote d'Ivoire
      • DjiboutiEgyptEquatorial GuineaEritreaEthiopiaGabonGambiaGhanaGuineaGuinea BissauKenyaLesothoLiberiaLibya
      • MadagascarMalawiMaliMauritaniaMauritiusMoroccoMozambiqueNamibiaNigerNigeriaRwandaSenegalSeychellesSierra Leone
      • SomaliaSouth AfricaSouth SudanSudanSwazilandSão Tomé and PríncipeTanzaniaTogoTunisiaUgandaWestern SaharaZambiaZimbabwe
    • Africa-Wide
    • Central Africa
      • Central Africa HomeAngolaBurundiCameroonCentral African RepublicChad
      • Congo-BrazzavilleCongo-KinshasaEquatorial GuineaGabonRwandaSão Tomé and Príncipe
    • East Africa
      • East Africa HomeBurundiComorosDjiboutiEritreaEthiopiaKenyaMadagascar
      • MauritiusRwandaSeychellesSomaliaSouth SudanSudanTanzaniaUganda
    • North Africa
      • North Africa HomeAlgeriaEgyptLibyaMoroccoTunisiaWestern Sahara
    • Southern Africa
      • Southern Africa HomeAngolaBotswanaLesothoMalawiMozambique
      • NamibiaSouth AfricaSwazilandZambiaZimbabwe
    • West Africa
      • West Africa HomeBeninBurkina FasoCameroonCape VerdeCote d'IvoireGambiaGhanaGuineaGuinea Bissau
      • LiberiaMaliMauritaniaNigerNigeriaSenegalSierra LeoneSão Tomé and PríncipeTogo
  • Topics
    • All Topics
      • AIDSAgribusinessAid and AssistanceArms and ArmiesAsia, Australia, and AfricaAthleticsBankingBook ReviewsBooksBusinessCapital FlowsChildrenClimateCommoditiesCompanyConflictConstructionCorruptionCurrenciesDebtEbolaEcotourismEducationEnergyEntertainmentEnvironment
      • Europe and AfricaExternal RelationsFood and AgricultureGame ParksGovernanceHealthHuman RightsICTInfrastructureInnovationInternational OrganisationsInvestmentLabourLand and Rural IssuesLatin America and AfricaLegal AffairsMalariaManufacturingMediaMiddle East and AfricaMigrationMiningMusicMusic ReviewsNCDsNGO
      • NutritionOceansOlympicsPeacekeepingPetroleumPolioPregnancy and ChildbirthPrivatizationRefugeesReligionScienceSoccerSportStock MarketsSustainable DevelopmentTerrorismTradeTransportTravelTuberculosisU.S., Canada and AfricaUrban IssuesWaterWildlifeWomenWorld Cup
    • Entertainment
      • Entertainment HomeBook ReviewsBooksMusicMusic Reviews
    • Business
      • Business HomeAgribusinessBankingCapital FlowsCommoditiesCompanyConstruction
      • CurrenciesDebtEnergyICTInfrastructureInvestmentLabour
      • ManufacturingMiningPetroleumPrivatizationStock MarketsTradeTransport
    • Conflict
      • Conflict HomeArms and ArmiesPeacekeepingRefugeesTerrorism
    • Environment
      • Environment HomeClimateOceansWaterWildlife
    • Health
      • Health HomeAIDSEbolaMalariaNCDsNutritionPolioPregnancy and ChildbirthTuberculosis
    • Sport
      • Sport HomeAthleticsOlympicsSoccerWorld Cup
    • Travel
      • Travel HomeEcotourismGame Parks
  • Development
    • Aid and Assistance
    • Education
    • Environment
    • Food and Agriculture
    • Health
    • Women
  • BizTech
    • Business Home
    • Agribusiness
    • Banking
    • Capital Flows
    • Commodities
    • Company
    • Construction
    • Currencies
    • Debt
    • Energy
    • ICT
    • Infrastructure
    • Investment
    • Labour
    • Manufacturing
    • Mining
    • Petroleum
    • Privatization
    • Stock Markets
    • Trade
    • Transport
  • Entertainment
    • Entertainment Home
    • Book Reviews
    • Books
    • Music
    • Music Reviews
  • Sport
    • Sport Home
    • Athletics
    • Olympics
    • Soccer
    • World Cup
  • Africa/World
    • Asia, Australia, and Africa
    • Europe and Africa
    • International Organisations
    • Latin America and Africa
    • Middle East and Africa
    • U.S., Canada and Africa
  • Governance
    • Corruption
    • Governance
    • Human Rights
    • Land and Rural Issues
    • Legal Affairs
    • Media
    • NGO
  • Multimedia
    • Video
    • Audio
    • Document
    • Web Site
    • InFocus Pages
    • PhotoEssays
  • Innovation
  • Sustainability
  • Ecobank Responds to Wrongful Allegations in Media Publications

  • Ecobank appoints MFS Africa Ltd as Digital payment partner

  • Pan African bank concludes 30th AGM in Lomé

  • Ecobank Launches 2018 Fintech Challenge Competition

  • Top 3 Innovators of the Ecobank Fintech Challenge 2017

  • Ecobank Shareholders Approve $400 Million Convertible Bond Issue

  • Ecobank Group Named Most Innovative Bank Of The Year

  • Ecobank Announces Finalists of the Ecobank Fintech Challenge 2017

  • Ecobank Shareholders Laud Strong Company Performance

  • Ecobank Names Ade Ayeyemi as New Group CEO

  • Ecobank Group CEO Named African Banker of the Year

  • Ecobank and BADEA Sign USD40 Million Loan Agreement

  • Ecobank Reaffirms Financial Strength and Strong Governance

  • Ecobank Confident of Strength of its Appeals



Notices and Announcements

Ecobank

  • Ecobank Transnational Incorporated announces the appointment of Arunma Oteh to its Board of Directors
  • Ecobank Transnational Incorporated Responds to Wrongful Allegations in Some Media Publications
  • Ecobank, the Pan African Bank appoints MFS Africa Ltd as Digital payment partner
  • Ecobank Transnational Incorporated announces the departure of Mr. Charles Kie as Managing Director of Ecobank Nigeria
  • Ecobank Transnational Incorporated Announces the Retirement of Ms. Dolika Banda from its Board of Directors
  • Ecobank shareholders approve resolutions as Chairman hails improved outlook
  • Ecobank Launches 2018 Fintech Challenge Competition for African Start-ups
  • More»

Ecobank

The dual objective of Ecobank Transnational Incorporated (ETI) is to build a world-class pan-African bank and to contribute to the economic and financial integration and development of the African continent.

Tweets by @GroupEcobank

History

ETI, a public limited liability company, was established as a bank holding company in 1985 under a private sector initiative spearheaded by the Federation of West African Chambers of Commerce and Industry with the support of ECOWAS. In the early 1980’s the banking industry in West Africa was dominated by foreign and state-owned banks. There were hardly any commercial banks in West Africa owned and managed by the African private sector. ETI was founded with the objective of filling this vacuum. The Federation of West African Chambers of Commerce promoted and initiated a project for the creation of a private regional banking institution in West Africa. In 1984, Ecopromotions S.A. was incorporated. Its founding shareholders raised the seed capital for the feasibility studies and the promotional activities leading to the creation of ETI. In October 1985, ETI was incorporated with an authorised capital of US$100 million. The initial paid up capital of US$32 million was raised from over 1,500 individuals and institutions from West African countries. The largest shareholder was the ECOWAS Fund for Cooperation, Compensation and Development (ECOWAS Fund), the development finance arm of ECOWAS. A Headquarters’ Agreement was signed with the government of Togo in 1985 which granted ETI the status of an international organization with the rights and privileges necessary for it to operate as a regional institution, including the status of a non-resident financial institution. ETI commenced operations with its first subsidiary in Togo in March 1988.


Business Segments

The Ecobank Group is a full-service bank focused on Middle Africa. It provides wholesale, retail, investment and transactional banking services to governments, financial institutions, multinationals, local companies, SMEs and individuals.Ecobank’s services are delivered by three customer-focused business segments, Corporate Bank, Domestic Bank and Ecobank Capital all of which are supported by an Integrated IT platform operated by eProcess, the group’s technology subsidiary. Corporate Bank provides financial solutions to global and regional corporates, public corporates, financial institutions and international organizations. Products focus on pan-African lending, trade services, cash management, internet banking and value chain finance. Domestic Bank provides convenient, accessible and reliable financial products and services to retail, local corporate, public sector and microfinance customers, leverages an extensive branch and ATM network as well as mobile, internet and remittances banking platforms. Ecobank Capital provides treasury, corporate finance and investment banking, securities and asset management solutions to corporate and governmental customers. Ecobank also operates within Ecobank Capital a Research team based on the ground in key markets, provides unique information support capabilities.


Sustainability

Sustainability is at the core of our mission and vision of building a world-class pan-African bank that contributes to the integration and socio-economic development of the continent. We take the view that the long-term success of Ecobank is intertwined with the sustainable development of the economies, societies and environment that we operate in.In 2011, the Group adopted an integrated and comprehensive approach to sustainability and created a common framework. The framework depicts sustainability such that our business operational model ensures effective, efficient and sustainable utilization of economic, social, human and natural capital. This framework reflects our commitment to drive economic transformation in Africa while protecting our environment by being a socially responsible financial institution with a world class professional. Each strand forms the building block for our integrated sustainability.

AllAfrica publishes around 800 reports a day from more than 150 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.

AllAfrica is a voice of, by and about Africa - aggregating, producing and distributing 800 news and information items daily from over 150 African news organizations and our own reporters to an African and global public. We operate from Cape Town, Dakar, Abuja, Monrovia, Nairobi and Washington DC.

© 2019 AllAfrica Privacy Contact

Support our work Subscribe to AllAfrica via RSS
  • For Advertisers
AllAfrica - All the Time