ECO Bank
ECO Bank
- Industry: Banking, Finance & Insurance
- Founded: 1985
- Employees: 1001+
About ECO Bank
Ecobank Transnational Incorporated (‘ETI’) is the parent company of the Ecobank Group, the leading independent pan-African banking group. The Ecobank Group employs over 14,000 people and serves about 20 million customers in the consumer, commercial and corporate banking sectors across 33 African countries.
The Group has a banking license in France and representative offices in Addis Ababa, Ethiopia; Johannesburg, South Africa; Beijing, China; London, the UK and Dubai, the United Arab Emirates.
The Group offers a full suite of banking products, services and solutions including bank and deposit accounts, loans, cash management, advisory, trade, securities, wealth and asset management. ETI is listed on the Nigerian Stock Exchanges in Lagos, the Ghana Stock Exchange in Accra, and the Bourse Régionale des Valeurs Mobilières in Abidjan.
Ecobank Transnational Incorporated (ETI) acquired 75% of EABS Bank on the 16th of June 2008, and the bank consequently changed its name to Ecobank Kenya Limited. ETI subsequently increased its shareholding in the bank which stands at 100% as at 31st December, 2016. Ecobank Kenya (EKE) had an asset base of Kes 94.4 billion as at 31st December 2020. The bank currently has 16 branches, 29 ATMs and over 40 Xpress Point Agents located in different parts of the country. Ecobank has laid great emphasis on digital banking as a means of achieving greater financial inclusion across Africa and also to deliver services in a more efficient and cost effective manner. In 2021, Ecobank Group received an award for “outstanding crisis finance innovations 2021” from the renown Global Finance Magazine. The Group was also named the “Best Bank in Africa 2020” by the African Banker and “Best Bank for Payments and Collections in Africa (2015-2020)” by Global Finance among other awards. These awards and recognitions attest to Ecobank’s innovativeness and use of digital platforms to promote financial inclusion across Africa and offer workable financial solutions to businesses. Ecobank Kenya is licensed and regulated by the Central Bank of Kenya (CBK)
