Ecobank

Release Date:2020-08-17 11:51 Number of visits:
Ecobank, founded in LOM é, Togo, is the parent company of the independent Pan African Banking Group. The group currently operates in 33 African countries: Angola, Benin, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Congo (Brazzaville), Congo (Democratic Republic), Cote d'Ivoire, Equatorial Guinea, Gabon, Gambia, Garner, Guinea, Guinea Bissau, Kenya, Liberia and horse. Ravi, Mali, Niger, Nigeria, Rwanda, Sao Tome and Principe, Senegal, Sierra Leone, South Africa, Tanzania, Togo, Uganda, Zambia and Zimbabwe.



The ecobank headquarters building project is located in the coastal avenue of LOM é, the capital of Togo, with a construction area of 18800 square meters. The main buildings include the eight storey office building of the headquarters, conference center, information and technology center, training center, dining room and ancillary equipment rooms, etc. Ecobank also operates in France through its Paris based EBI S.A. affiliate. Ecobank also has representative offices in Beijing, China, Dubai, UAE and London, UK. ETI is listed on the stock exchanges of Lagos, Accra and the West African Economic and Monetary Union (BRVM in Abidjan). In 2008, ecobank raised $150 million in long-term capital and $566 million in equity through financial institutions, far from its target of $2.5 billion. In 2008, ecobank's pre tax profit was $162 million, down from $191 million in the previous year.



Ecobank has more than 600000 local and international institutional and individual shareholders, 18321 employees in 37 countries and 1200 branches and offices. Ecobank is a full-service bank providing wholesale, retail, investment and transaction banking services and products for governments, financial institutions, multinational corporations, international organizations, small and micro enterprises and individuals. Ecobank is a commercial bank under the management of the economic community of West Africa, with branches all over Africa. It is one of the commercial banks with local influence and competitiveness in Africa.



Ecobank's results for the year ended December 31, 2012 are impressive. This is ecobank's strong financial performance over the past 25 years. These encouraging results are due to the successful integration of two major acquisitions by ecobank in Ghana and Nigeria, strong demand for retail banking services in ecobank's 33 national platforms, growing trade flows between Central Africa and the rest of the world, and the excellent performance of dedicated staff. Ecobank values cost efficiency while maintaining a high level of service and innovation. Overall, ecobank continued to make progress in 2013 as it further strengthened and promoted the development of the group to benefit all stakeholders. Ecobank is strategically designed to take full advantage of organic growth opportunities in Africa, while the company's diversified business model aims to reduce risks. Today, ecobank is focused on making our unique platform pay off through centralized management of costs and risks.
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