Ecobank, whose official name is Ecobank Transnational Inc. (ETI), but at the same time is known as Ecobank Transnational, is a skillet African managing an account aggregate, with keeping money operations in 36 African nations. It is the main autonomous provincial managing an account amass in West Africa and Central Africa, serving wholesale and retail clients. It additionally keeps up backups in Eastern Africa, and in Southern Africa. ETI has delegate workplaces in Angola, China, Dubai, France, South Africa and in the United Kingdom.
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Bank Reform-ECOBank Shut Down by Protesting Staff - ECO bet on Ozumba Mbadiwe road in lagos was closed down today by many dis-connected with staff. The nonconformists who were some time ago staff of old maritime ...
ETI is an extensive budgetary administrations supplier with workplaces in 39 nations around the globe, and vicinity in 36 sub-Saharan nations. As of December 2012, ETI's client base was evaluated at 13.7 million, with 9.6 million (70.2%), situated in Nigeria, the landmass' most crowded country. Around then, the bunch's aggregate resources were esteemed at US$20.0 billion, with shareholders' value of US$2.176 billion. ETI's branch system numbered 1,305, with 1,981 organized ATMs. The bank had 19,565 representatives, in 39 nations, in Africa, Asia and Europe, toward the end of March 2014.
As of June 2014, Ecobank Transnational had managing an account operations in 36 African nations, with agent workplaces in Angola, Beijing, Dubai, Ethiopia, South Africa and the United Kingdom:
Ecobank Transnational has operational bank auxiliaries in the accompanying nations, starting July 2013:
ETI, an open restricted obligation organization, was built up as a bank holding organization in 1985 under a private area activity initiated by the Federation of West African Chambers of Commerce and Industry, with the backing of the Economic Community of West African States (ECOWAS). In the mid 1980s the managing an account industry in West Africa was commanded by outside and state-claimed banks. There were not really any business banks in West Africa possessed and oversaw by the African private segment. ETI was established with the target of filling this vacuum.
The Federation of West African Chambers of Commerce advanced and started a venture for the making of a private local keeping money establishment in West Africa. In 1984, Ecopromotions S.A. was joined. Its establishing shareholders raised the seed capital for the achievability studies and the limited time exercises prompting the formation of ETI.
In October 1985, ETI was joined with an approved capital of US$100 million. The beginning paid up capital of US$32 million was raised from more than 1,500 people and establishments from West African nations. The biggest shareholder was the ECOWAS Fund for Cooperation, Compensation and Development (ECOWAS Fund), the advancement account arm of ECOWAS. A Headquarters’ Agreement was marked with the legislature of Togo in 1985 which conceded ETI the status of a worldwide association with the rights and benefits important for it to work as a territorial foundation, including the status of a non-inhabitant monetary establishment.
ETI has two particular backups: Ecobank Development Corporation (EDC) and eProcess International (eProcess). EDC was joined with a wide order to create Ecobank’s speculation managing an account and consultative organizations all through the nations where Ecobank works. EDC works business houses on every one of the 3 stock trades in West Africa and has gotten licenses to work on the two stock trades in Central Africa: the Douala Stock Exchange in Cameroon and the Libreville Exchange in Gabon. The command of eProcess is to deal with the Group’s data innovation capacity with a perspective to at last incorporating the Group’s center and back office operations to enhance effectiveness, administration norms and decrease costs.|
The Specialized backup organizations of Ecobank incorporate the accompanying:
With more than 1,500 branches in 35 nations, the Ecobank-Nedbank Alliance is the biggest keeping money arrange in Africa. The union was shaped in 2008 between the Ecobank Group and the Nedbank Group, one of South Africa's four biggest money related administrations suppliers, with a developing foot shaped impression of operations over the Southern African Development Community.
The shares of Ecobank Transnational Inc., the guardian organization of Ecobank, are exchanged on three West African stock trades, in particular: the Ghana Stock Exchange (GSE), the Nigeria Stock Exchange (NSE) and the BRVM stock trade in Abidjan, Ivory Coast. As of December 2012, the ten biggest institutional shareholders in Ecobank Transnational are recorded in the table underneath:
Review
Bank Reform-ECOBank Shut Down by Protesting Staff - ECO bet on Ozumba Mbadiwe road in lagos was closed down today by many dis-connected with staff. The nonconformists who were some time ago staff of old maritime ...
ETI is an extensive budgetary administrations supplier with workplaces in 39 nations around the globe, and vicinity in 36 sub-Saharan nations. As of December 2012, ETI's client base was evaluated at 13.7 million, with 9.6 million (70.2%), situated in Nigeria, the landmass' most crowded country. Around then, the bunch's aggregate resources were esteemed at US$20.0 billion, with shareholders' value of US$2.176 billion. ETI's branch system numbered 1,305, with 1,981 organized ATMs. The bank had 19,565 representatives, in 39 nations, in Africa, Asia and Europe, toward the end of March 2014.
Gathering system
Ecobank Transnational has operational bank auxiliaries in the accompanying nations, starting July 2013:
Africa
- Ecoboank Angola - (Representative office in Luanda)
- Ecobank Benin
- Ecobank Burkina Faso
- Ecobank Burundi
- Ecobank Cameroon
- Ecobank Cape Verde
- Ecobank Central African Republic
- Ecobank Chad
- Ecobank Congo Brazzaville
- Ecobank Cã'te d'Ivoire
- Ecobank Democratic Republic of the Congo
- Ecobank Ethiopia - (Representative office in Addis Ababa)
- Ecobank Equatorial Guinea
- Ecobank Gabon
- Ecobank Gambia
- Ecobank Ghana
- Ecobank Guinea
- Ecobank Guinea-Bissau
- Ecobank Kenya
- Ecobank Liberia
- Ecobank Malawi
- Ecobank Mali
- Ecobank Mozambique
- Ecobank Niger
- Ecobank Nigeria (incorporates Oceanic Bank)
- Ecobank Rwanda
- Ecobank Sã£o Tomã© and Prãncipe
- Ecobank Senegal
- Ecobank Sierra Leone
- Ecobank South Africa (Representative office in Johannesburg)
- Ecobank South Sudan
- Ecobank Tanzania
- Ecobank Togo
- Ecobank Uganda
- Ecobank Zambia
- Ecobank Zimbabwe
Outside Africa
- Paris, France - Affiliate office
- London, United Kingdom - France associate delegate office
- Dubai, United Arab Emirates - Representative office
- Beijing, China - Representative office
History
ETI, an open restricted obligation organization, was built up as a bank holding organization in 1985 under a private area activity initiated by the Federation of West African Chambers of Commerce and Industry, with the backing of the Economic Community of West African States (ECOWAS). In the mid 1980s the managing an account industry in West Africa was commanded by outside and state-claimed banks. There were not really any business banks in West Africa possessed and oversaw by the African private segment. ETI was established with the target of filling this vacuum.
The Federation of West African Chambers of Commerce advanced and started a venture for the making of a private local keeping money establishment in West Africa. In 1984, Ecopromotions S.A. was joined. Its establishing shareholders raised the seed capital for the achievability studies and the limited time exercises prompting the formation of ETI.
In October 1985, ETI was joined with an approved capital of US$100 million. The beginning paid up capital of US$32 million was raised from more than 1,500 people and establishments from West African nations. The biggest shareholder was the ECOWAS Fund for Cooperation, Compensation and Development (ECOWAS Fund), the advancement account arm of ECOWAS. A Headquarters’ Agreement was marked with the legislature of Togo in 1985 which conceded ETI the status of a worldwide association with the rights and benefits important for it to work as a territorial foundation, including the status of a non-inhabitant monetary establishment.
ETI has two particular backups: Ecobank Development Corporation (EDC) and eProcess International (eProcess). EDC was joined with a wide order to create Ecobank’s speculation managing an account and consultative organizations all through the nations where Ecobank works. EDC works business houses on every one of the 3 stock trades in West Africa and has gotten licenses to work on the two stock trades in Central Africa: the Douala Stock Exchange in Cameroon and the Libreville Exchange in Gabon. The command of eProcess is to deal with the Group’s data innovation capacity with a perspective to at last incorporating the Group’s center and back office operations to enhance effectiveness, administration norms and decrease costs.|
Backups
The Specialized backup organizations of Ecobank incorporate the accompanying:
- EBI SA Groupe Ecobank - Paris, France
- EBI SA Representative Office - London, United Kingdom
- Ecobank Development Corporation (EDC) - Lomã©, Togo
- EDC Investment Corporation - Abidjan, Cã'te d’Ivoire
- EDC Investment Corporation - Douala, Cameroon
- EDC Securities Limited - Lagos, Nigeria
- EDC Stockbrokers Limited - Accra, Ghana
- Ecobank Asset Management - Abidjan, Cã'te d’Ivoire
- e-Process International SA - Lomã©, Togo
- Ecobank Asset Management Company P/L - Harare, Zimbabwe
The Ecobank Nedbank partnership
With more than 1,500 branches in 35 nations, the Ecobank-Nedbank Alliance is the biggest keeping money arrange in Africa. The union was shaped in 2008 between the Ecobank Group and the Nedbank Group, one of South Africa's four biggest money related administrations suppliers, with a developing foot shaped impression of operations over the Southern African Development Community.
Proprietorship
The shares of Ecobank Transnational Inc., the guardian organization of Ecobank, are exchanged on three West African stock trades, in particular: the Ghana Stock Exchange (GSE), the Nigeria Stock Exchange (NSE) and the BRVM stock trade in Abidjan, Ivory Coast. As of December 2012, the ten biggest institutional shareholders in Ecobank Transnational are recorded in the table underneath:
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