Ecobank Opens an Affiliate in South Sudan

Ecobank Transnational Incorporated , the pan-African banking group announced the opening of its South Sudan banking affiliate.

This new banking affiliate, the 34th on the African continent, offers the opportunity to support the youngest African state in addressing the challenges in regards to its development.

Ecobank South Sudan has effectively started operations on 10 July 2013 and offers the suite of products and services of the Group to individuals, SMEs, multinationals and institutions.

Thierry Tanoh, the Group Chief Executive said: “We are very excited to have obtained the authorization of South Sudanese authorities to operate in this country which holds a huge potential for financial intermediation. Our presence in four of its six bordering countries, namely Kenya, Uganda, the Democratic Republic of Congo and the Central

African Republic, is a unique advantage to contribute to the development and integrationof South Sudan young republic. “