Ecobank Signs 40.7 million EUR 7-Year Loan Facility Agreement with PROPARCO and BIO

10 July 2012
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Ecobank (Lome)
press release

Ecobank Transnational Incorporated (“Ecobank” or “the Group”) on 29 June, 2012 signed a 40.7 million EUR 7-year loan facility agreement with PROPARCO, the Development Financial Institution arm of the French Development Agency (AFD) and BIO, the Belgian Investment Company for Developing Countries.

The 40.7 million EUR will be invested in developing Ecobank’s systems and technology infrastructure, which serves 9 million retail, local corporate, public sector and microfinance customers, through 1,180 branches, 1,632 ATMs and 2,744 POSs.

Commenting on the facility agreement, Arnold Ekpe, Ecobank’s Group CEO said, “The investment demonstrates our on-going commitment to enriching Ecobank’s customer experience through investments in systems, technology and processes.”

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 18,321employees 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.

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