History of Ecobank



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Ecobank

History of Ecobank

Africa’s Most Innovative Financial Services Group

Our purpose, vision and mission

Ecobank started with the idea of ​​building a bank across West Africa and then across Africa for the broader business community. The founders of Ecobank Group envisioned an African bank for Africans.

 

Ecobank’s dual objective is to enable a modern pan-African bank to thrive and contribute to the economic development and financial integration of the continent.

 

Watch “Our Beginnings, Our Purpose,” a video in which our two founders discuss their thoughts when the bank started more than 30 years ago.

 

 

Our history

Ecobank is committed to economic development throughout sub-Saharan Africa. In October 1985, the first subsidiary of Ecobank opened its doors in Togo.

 

Despite the political turmoil of the 1980s in Africa, and despite all the obstacles, Ecobank Group opened branches in 5 African countries in 1988. From 1997 to 2001, the scope of its activities group has grown from 5 to 12 countries.

 

Today, the Ecobank Group is a world-class institution and a beacon for Africa. Present in 35 countries in sub-Saharan Africa, the Ecobank brand is synonymous with banking services in Africa. our history

2021

 

ETI successfully issues $350 million worth of sustainable bonds

ETI has become the first financial institution in Sub-Saharan Africa to successfully launch Tier 2 Sustainable Bonds, funding assets under the sustainability finance framework.

 

 

SME Bank of the Year Award

The Africa Bank Awards named Ecobank the “SME Bank of the Year 2021” in recognition of its groundbreaking innovations and support for small and medium-sized businesses.

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2020

 

Launching Ellevate by Ecobank – Designed for Women-Focused Businesses

Ecobank has launched a comprehensive suite of Ellevate solutions to address the needs of a previously underserved women-owned/led/focused business sector.

 

 

Africa Bank of the Year Award

Ecobank has won the ‘Bank of the Year for Africa’ award at the 2020 awards ceremony organized by The Banker, one of the world’s leading banking magazines.

 

2019

 

The Group has signed the United Nations Principles for Responsible Banking

Ecobank signed 6 principles of UNEP FI:

integrating sustainability, serving people and the planet, creating positive impacts, improving quality of life without compromising future generations. ETI’s first $500 million European bond listed on the London Stock Exchange.

The Culture, Conduct and Ethics transformation journey begins throughout the Group to promote the right values ​​for long-term sustainability while focusing on an outstanding Customer Experience.

 

2017-2019

 

The digital transformation continues with the implementation of Omni Lite and Omni Plus as digital banking platforms for SMEs.

The Group’s central banking application has also been upgraded to a more robust and customer-centric platform.

 

2016

 

The Group is implementing a digital transformation program as part of its Road to Leadership. The Ecobank mobile application, which enables fast and convenient banking, in addition to providing finance to millions of people, has been launched in the Group’s network of 33 African countries.

 

2007-2014

 

The Group’s network is growing further in West, Central, East and South Africa.

New subsidiaries are opened in Burundi, Central African Republic, Congo Brazzaville, DR Congo, Gabon, Gambia, Guinea Bissau, Kenya, Malawi, Mozambique, Rwanda, Sao Tomé and Príncipe, South Sudan, Tanzania, Zambia and Zimbabwe. Ecobank International, France (EBI SA) also started operations in Paris and opened representative offices in Angola, Dubai and Ethiopia.

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2006

ETI is listed on a stock exchange. ETI is simultaneously listed on three West African stock exchanges, namely BRVM, Ghana Stock Exchange and Nigeria Stock Exchange. Opening of subsidiaries in Sierra Leone and Chad

 

2002

eProcess, the digital and technology subsidiary of the Group, commenced operations in Ghana.

2001

Ecobank is expanding in Central Africa.

Ecobank Cameroon is open.

 

1999

 

Launched Ecobank Fund and Ecobank Development Joint Stock Company (EDC), the investment and capital market subsidiary of the Group. The Group is continuing to expand its network in Guinea, Liberia, Niger and Senegal.

 

1997

Another subsidiary opens in Burkina Faso.

The group’s profits exceed 10 million US dollars. The size of the balance sheet reaches 500 million US dollars. Shareholders approve the share ownership plan

 

You can check the official website here

 

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