Its official name is Ecobank Transnational Inc. (ETI). It is a combination of several African banking institutions and is the leading financial group in Central Africa and West Africa. Its services are provided to both wholesalers and retailers. It expands in 36 African countries and has offices in countries in Europe and Asia.
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It was established as a bank holding company by the Togolese government in 1985. A year later, Citibank signed an assistance agreement with the bank, which concluded in 1988. Since 1989, it started operations and businesses in other countries such as Ivory Coast, Nigeria, Benin, and Ghana. Ten years later, it expanded to Guinea, Liberia, Senegal, and Central Africa in general. During the following years, it continued its expansion throughout 36 African countries, and also, it opened offices in Dubai, France, the United Kingdom, and China.
The Swift Code (Society for Worldwide Interbank Financial Telecommunication), also known as BIC, is used during an international transfer to identify the receiving bank: ECOCGHAC.
Number of Employees
The bank has approximately 20,000 employees.
The rating is the evaluation of a bank and the risks it can take in case of not paying a debt. Moody’s, S&P, and Fitch are the agencies in charge of it.
Ecobank has a rating of:
- Moody’s = B2.
- S&P = B-.
- Fitch = B.
B2 (Moody’s) = It has high credit risk.
B- (S&P Global) = The financial situation undergoes notable variations.
B (Fitch) = It has some risk.
The headquarters of the entity is in the city of Lomé, Togo.
If you want to know more about this bank, enter through its website: http://www.ecobank.com/.
- Personal Banking: It offers daily banking services, accounts, cards, loans, investment solutions, insurance, payments, transfers, foreign exchange, internet banking, microfinance, term deposits, and more.
- Commercial Banking: It provides digital, commercial, loan, asset management solutions to all its local corporate clients, SMEs, and the non-governmental public sector.
- Address: The Pan African Centre, 2365, boulevard du Mono, B.P. 3261, Lomé – Togo
- Phone Number: (228) 22 21 03 03