ECOBANK
Ecobank Transnational Incorporated (ETI), a public limited liability company, was established as a bank holding company in 1985 under a private sector initiative spearheaded by the Federation of West African Chambers of Commerce and Industry with the support of the Economic Community of West African States (ECOWAS). In the early 1980โs foreign and state-owned banks dominated the banking industry in West Africa. Commercial banks in West Africa owned and managed by the African private sector wer... e a rarity. Its founders created ETI with the objective of filling this vacuum. The Federation of West African Chambers of Commerce promoted and initiated a project to create a private, regional banking institution in West Africa. In 1984, Ecopromotions S.A. was incorporated. Its founding shareholders raised seed capital for feasibility studies and the promotional activities leading to the creation of ETI. In October 1985, ETI was incorporated with authorised capital of US$100 million. The initial paid up capital of US$32 million was raised from over 1,500 individuals and institutions from West African countries. The largest shareholder was the ECOWAS Fund for Cooperation, Compensation and Development (ECOWAS Fund), the development finance arm of ECOWAS. Ecobank signed a Headquartersโ Agreement with the Government of Togo in 1985, which granted it the status of an international organisation. This status came with the rights and privileges necessary for ETI to operate as a regional institution, including the status of a non-resident financial institution. ETI commenced operations with its first subsidiary in Togo in March 1988.
ECOBANK
Industry:
Banking Finance Financial Services
Founded:
1985-01-01
Address:
Lomรฉ, Maritime, Togo
Country:
Togo
Website Url:
http://www.ecobank.com
Total Employee:
10001+
Status:
Active
Contact:
228 22 21 03 03
Email Addresses:
[email protected]
Total Funding:
1.46 B USD
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Current Advisors List
Current Employees Featured
Founder
Stock Details
Acquisitions List
Date | Company | Article | Price |
---|---|---|---|
2014-06-14 | Banco ProCredit Mozambique | Banco ProCredit Mozambique acquired by Ecobank | N/A |
2011-10-25 | Oceanic Bank International | Oceanic Bank International acquired by Ecobank | N/A |
Investors List
African Development Bank
African Development Bank investment in Post-IPO Debt - Ecobank
European Investment Bank
European Investment Bank investment in Post-IPO Debt - Ecobank
Arise Invest
Arise Invest investment in Post-IPO Equity - Ecobank
CDC Group
CDC Group investment in Post-IPO Debt - Ecobank
African Development Bank
African Development Bank investment in Post-IPO Debt - Ecobank
Amethis Finance
Amethis Finance investment in Post-IPO Debt - Ecobank
Swedfund International
Swedfund International investment in Post-IPO Debt - Ecobank
FMO
FMO investment in Post-IPO Debt - Ecobank
Deutsche Bank
Deutsche Bank investment in Post-IPO Debt - Ecobank
Nedbank
Nedbank investment in Post-IPO Equity - Ecobank
Investments List
Date | Company | Article | Money raised |
---|---|---|---|
2021-12-29 | Sofitex | Ecobank investment in Debt Financing - Sofitex | 120 M USD |
2021-12-17 | Trove | Ecobank investment in Grant - Trove | 15 K USD |
2021-12-17 | OKO | Ecobank investment in Grant - OKO | 12 K USD |
2021-12-17 | Motito | Ecobank investment in Grant - Motito | 10 K USD |
2021-08-17 | Sephis Foundation | Ecobank investment in Grant - Sephis Foundation | 1000 M XAF |
2015-09-08 | SMILE Telecoms Holdings | Ecobank investment in Debt Financing - SMILE Telecoms Holdings | 315 M USD |
2014-09-11 | Golden Star Resources | Ecobank investment in Post-IPO Debt - Golden Star Resources | 25 M USD |
Official Site Inspections
http://www.ecobank.com Semrush global rank: 56.59 K Semrush visits lastest month: 2.09 M
- Host name: 5.79.46.233
- IP address: 5.79.46.233
- Location: United Kingdom
- Latitude: 51.4964
- Longitude: -0.1224
- Timezone: Europe/London