Ecobank Launches Pact with Bank of China

3 August 2010
Content from a Premium Partner
Ecobank (Lome)
press release

Ecobank Ghana has become the first affiliate of the Ecobank Group to have a dedicated desk manned by staff seconded by the Bank of China.

The co-operation agreement between Ecobank, the leading Pan African banking institution and the Bank of China, the country's leading international bank, is a reciprocal pact focusing mainly on international trade, projects and investments.

"Today sees the beginning of an exciting partnership between Ecobank and the Bank of China," Ecobank Group CEO, Arnold Ekpe said. "We shall open dedicated desks at selected Ecobank branches across Africa. In return the bank of China will be our primary conduit in our business dealings in China."

Speaking at the signing ceremony in Accra, Ecobank Group Executive Director, Corporate Banking, Albert Essien said "The pact will allow the Bank of China to cater more pointedly to their clients in Africa using the Ecobank platform, while it also enables Ecobank to grow its China business."

Ecobank and the Bank of China stand to benefit from the growing trade and investment links between Africa and China. African exports to China have increased significantly in the past few years reaching US$30.14 billion in 2008. China exported goods worth $23 billion to Africa over the same period.

Tagged:
Copyright © 2010 Ecobank. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 500 reports a day from more than 100 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.