Ecobank
Encyclopedia
Ecobank, whose official name is Ecobank Transnational Inc., is a pan-African banking group with a presence in more African countries than any other bank. It is the leading independent regional banking Group in West and Central Africa, serving wholesale and retail customers.
Ecobank maintains a network of over 600 branches
and service offices
. The bank group's customer base is almost 2 million accounts. The group employs in excess of 11,000 people.
n stock exchanges, namely: the Ghana Stock Exchange
(GSE), the Nigeria Stock Exchange (NSE) and the BRVM
stock exchange in Abidjan
, Ivory Coast.
The ten (10) largest institutional shareholders in Ecobank are listed in the table below:
Group Network
As of January 2010, Ecobank will have banking operations in thirty (30) countries in Europe, West Africa, Central Africa and East Africa. The group's network covers the following countries:- Ecobank Benin
- Ecobank Burkina Faso
- Ecobank Burundi
- Ecobank Cameroon
- Ecobank Cape Verde
- Ecobank Central African Republic
- Ecobank Chad
- Ecobank Republic of the Congo
- Ecobank Côte d'Ivoire
- Ecobank Democratic Republic of the Congo
- Ecobank France
- Ecobank Gabon
- Ecobank Gambia
- Ecobank GhanaEcobank GhanaEcobank Ghana is a bank in Ghana in the Pan-African Ecobank chain which operates in twenty nine countries. They are listed on the stock index of the Ghana Stock Exchange, the GSE All-Share Index. It formed in 1990.-External links:**...
- Ecobank Guinea
- Ecobank Guinea-Bissau
- Ecobank Kenya
- Ecobank Liberia
- Ecobank Malawi
- Ecobank Mali
- Ecobank Niger
- Ecobank Nigeria (includes Oceanic BankOceanic bankOceanic Bank International, commonly referred to as Oceanic Bank, is a bank in Nigeria. Oceanic provides individual, commercial and corporate banking services. -History:...
) - Ecobank Rwanda
- Ecobank São Tomé and Príncipe
- Ecobank Senegal
- Ecobank Sierra Leone
- Ecobank Tanzania
- Ecobank Togo
- Ecobank Uganda
- Ecobank Zambia
- Ecobank ZimbabweEcobank Zimbabwe-Overview:Ecobank Zimbabwe is a small, but growing financial services provider in Zimbabwe, serving large corporate clients, upscale retail customers and medium to large business enterprises. The company’s services include personal banking, business banking, global banking and agricultural finance...
Ecobank maintains a network of over 600 branches
Branch (banking)
A branch, banking center or financial center is a retail location where a bank, credit union, or other financial institution offers a wide array of face-to-face and automated services to its customers....
and service offices
Office
An office is generally a room or other area in which people work, but may also denote a position within an organization with specific duties attached to it ; the latter is in fact an earlier usage, office as place originally referring to the location of one's duty. When used as an adjective, the...
. The bank group's customer base is almost 2 million accounts. The group employs in excess of 11,000 people.
Subsidiaries
The Specialized subsidiary companies of Ecobank include the following:- Ecobank Development Corporation (EDC) - LoméLoméLomé, with an estimated population of 737,751, is the capital and largest city of Togo. Located on the Gulf of Guinea, Lomé is the country's administrative and industrial center and its chief port. The city exports coffee, cocoa, copra, and palm kernels...
, TogoTogoTogo, officially the Togolese Republic , is a country in West Africa bordered by Ghana to the west, Benin to the east and Burkina Faso to the north. It extends south to the Gulf of Guinea, on which the capital Lomé is located. Togo covers an area of approximately with a population of approximately... - EDC Investment Corporation - AbidjanAbidjanAbidjan is the economic and former official capital of Côte d'Ivoire, while the current capital is Yamoussoukro. it was the largest city in the nation and the third-largest French-speaking city in the world, after Paris, and Kinshasa but before Montreal...
, Ivory Coast - EDC Investment Corporation - DoualaDoualaDouala is the largest city in Cameroon and the capital of Cameroon's Littoral Province. Home to Cameroon's largest port and its major international airport, Douala International Airport, it is the commercial capital of the country...
, CameroonCameroonCameroon, officially the Republic of Cameroon , is a country in west Central Africa. It is bordered by Nigeria to the west; Chad to the northeast; the Central African Republic to the east; and Equatorial Guinea, Gabon, and the Republic of the Congo to the south. Cameroon's coastline lies on the... - EDC Securities Limited - LagosLagosLagos is a port and the most populous conurbation in Nigeria. With a population of 7,937,932, it is currently the third most populous city in Africa after Cairo and Kinshasa, and currently estimated to be the second fastest growing city in Africa...
, NigeriaNigeriaNigeria , officially the Federal Republic of Nigeria, is a federal constitutional republic comprising 36 states and its Federal Capital Territory, Abuja. The country is located in West Africa and shares land borders with the Republic of Benin in the west, Chad and Cameroon in the east, and Niger in... - EDC Stockbrokers Limited - AccraAccraAccra is the capital and largest city of Ghana, with an urban population of 1,658,937 according to the 2000 census. Accra is also the capital of the Greater Accra Region and of the Accra Metropolitan District, with which it is coterminous...
, GhanaGhanaGhana , officially the Republic of Ghana, is a country located in West Africa. It is bordered by Côte d'Ivoire to the west, Burkina Faso to the north, Togo to the east, and the Gulf of Guinea to the south... - Ecobank Asset Management - AbidjanAbidjanAbidjan is the economic and former official capital of Côte d'Ivoire, while the current capital is Yamoussoukro. it was the largest city in the nation and the third-largest French-speaking city in the world, after Paris, and Kinshasa but before Montreal...
, Ivory Coast - e-Process International SA - LoméLoméLomé, with an estimated population of 737,751, is the capital and largest city of Togo. Located on the Gulf of Guinea, Lomé is the country's administrative and industrial center and its chief port. The city exports coffee, cocoa, copra, and palm kernels...
, TogoTogoTogo, officially the Togolese Republic , is a country in West Africa bordered by Ghana to the west, Benin to the east and Burkina Faso to the north. It extends south to the Gulf of Guinea, on which the capital Lomé is located. Togo covers an area of approximately with a population of approximately... - ECV Servicios - PraiaPraiaPraia , is the capital and largest city of Cape Verde, an island nation in the Atlantic Ocean west of Senegal. It lies on the southern coast of Santiago island in the Sotavento Islands group. It is the island's ferry port and is home to one of the nation’s four international airports...
, Cape VerdeCape VerdeThe Republic of Cape Verde is an island country, spanning an archipelago of 10 islands located in the central Atlantic Ocean, 570 kilometres off the coast of Western Africa...
Ownership
The shares of Ecobank Transnational Inc., the parent company of Ecobank, are traded on three West AfricaWest Africa
West Africa or Western Africa is the westernmost region of the African continent. Geopolitically, the UN definition of Western Africa includes the following 16 countries and an area of approximately 5 million square km:-Flags of West Africa:...
n stock exchanges, namely: the Ghana Stock Exchange
Ghana Stock Exchange
The Ghana Stock Exchange is the principal stock exchange of Ghana. The exchange was incorporated in July 1989 with trading commencing in 1990. It currently has around 30 listed companies and 2 corporate bonds. All types of securities can be listed. Criteria for listing include capital adequacy,...
(GSE), the Nigeria Stock Exchange (NSE) and the BRVM
BRVM
The Bourse Régionale des Valeurs Mobilières SA or BRVM, is a regional stock exchange serving the following west African countries: Benin Burkina Faso Guinea Bissau Côte d'Ivoire Mali Niger Senegal Togo....
stock exchange in Abidjan
Abidjan
Abidjan is the economic and former official capital of Côte d'Ivoire, while the current capital is Yamoussoukro. it was the largest city in the nation and the third-largest French-speaking city in the world, after Paris, and Kinshasa but before Montreal...
, Ivory Coast.
The ten (10) largest institutional shareholders in Ecobank are listed in the table below:
| Rank | Shareholder | Percentage Ownership |
|---|---|---|
| 1 | STD NOMS TVL PTY LTD/RENAISSANCE DIRECT INVST | 18.69 |
| 2 | Ecowas Bank for Investment & Development (BIDC) | 6.21 |
| 3 | Social Security and National Insurance Trust SSNIT The SSNIT, or the Social Security and National Insurance Trust, is an important agency of the government of Ghana. The "job description" of the SSNIT, according to its website, is to administrate the National Pension Scheme... (SSNIT SSNIT The SSNIT, or the Social Security and National Insurance Trust, is an important agency of the government of Ghana. The "job description" of the SSNIT, according to its website, is to administrate the National Pension Scheme... ) |
5.53 |
| 4 | Interlink Securities Limited | 4.86 |
| 5 | AFRICA INVST SUB 1 LTD | 4.41 |
| 6 | Bourse Regionale des Valeurs Mobilieres (BRVM BRVM The Bourse Régionale des Valeurs Mobilières SA or BRVM, is a regional stock exchange serving the following west African countries: Benin Burkina Faso Guinea Bissau Côte d'Ivoire Mali Niger Senegal Togo.... ) |
4.20 |
| 7 | IICMG SEC (STRUCTURED) | 3.36 |
| 8 | Blakeney Group III Limited | 2.61 |
| 9 | GLG/HSBC-TRADING | 2.36 |
| 10 | Metropolitan Trust Nigeria Limited | 1.72 |