Ecobank to Appeal Ruling by Commercial Court of Abidjan

The Commercial Court of Abidjan ruled that Dr Daniel Matjila a director of Ecobank Transnational Corporation (ETI) and Chief Executive Officer of Public Investment Corporation of South Africa (PIC)), along with PIC and ETI are jointly liable for defamation against Mr Thierry Tanoh, a former Group CEO of ETI. The court ordered that the three

Ecobank Transnational Incorporated announces new Group CEO

Ecobank Transnational Incorporated has announces the departure of Group CEO Mr Thierry Tanoh with effect from 12 March 2014. Effective the same date he will no longer be a Director of ETI. Mr Tanoh joined the Ecobank Group as CEO designate in July 2012 and commenced his executive role in October 2012 prior to being

Ecobank to Acquire Banco ProCredit Mozambique

Ecobank Transnational Incorporated and ProCredit Holding Germany (PCH) have announced that they are in discussions with the view to Ecobank acquiring a majority stake in PCH’s Mozambican subsidiary – Banco ProCredit Mozambique (PCM). Ecobank has formally expressed an interest in purchasing Banco ProCredit in Mozambique by acquiring the shares currently held by ProCredit Holding and

Ecobank Ranked One of the Top African Banking Brands

Ecobank Transnational Incorporated has been declared the most valuable brand in Africa – outside South Africa – in the annual ranking of the global banking and financial magazine ‘The Banker’ in its special edition Brand Finance Banking 500 of February 2014. Present in more African countries than any other bank in the world, Ecobank has

Ecobank Opens Representative Office in Ethiopia

Ecobank Transnational Incorporated, the leading pan-African banking group, is pleased to announce the official opening of its Ethiopian representative office in Addis Ababa. This brings the total number of countries in Sub-Saharan Africa in which Ecobank has a presence to 35. The Group obtained a license to operate a representative office in July 2013. The

Ecobank Signs Agreement to Support SME’s with the African Guarantee Fund

The official signing ceremony for a co-operation agreement between Ecobank Transnational Incorporated (“Ecobank”), the leading pan-African banking group, and the African Guarantee Fund (“AGF”) to promote and support small business across Sub-Saharan Africa occurred recently. Under the terms of this USD 50 million agreement, the two institutions will work together to unlock the potential of

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