Ecobank Transnational Inc.

Type	Public Company Ghana Stock Exchange:ETI Nigeria Stock Exchange:ETIT BRVM:ETI
Founded	1985
Headquarters	2 Rue du Commerce, Lomé  Togo[1]
Key people	Sidibe Mande, Chairman Ekpe Arnold, Managing Director
Industry	Financial Services
Products	Banking Services, Investments, Funds Transfer
Revenue	▲ US$162 million (2008)[2]
Total assets	US$8.3 billion (2008)[3]
Employees	11,000+ (2009)
Website	http://www.ecobank.com/english/others/home.aspx

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.

Contents 1 Group Network 2 Subsidiaries 3 Ownership 4 External links 5 References

[edit] 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:^[4]

1. Ecobank Benin
2. Ecobank Burkina Faso
3. Ecobank Burundi
4. Ecobank Cameroon
5. Ecobank Cape Verde
6. Ecobank Central African Republic
7. Ecobank Chad
8. Ecobank Republic of the Congo
9. Ecobank Côte d'Ivoire
10. Ecobank Democratic Republic of the Congo
11. Ecobank France
12. Ecobank Gabon
13. Ecobank Gambia
14. Ecobank Ghana
15. Ecobank Guinea
16. Ecobank Guinea-Bissau
17. Ecobank Kenya
18. Ecobank Liberia
19. Ecobank Malawi
20. Ecobank Mali
21. Ecobank Niger
22. Ecobank Nigeria
23. Ecobank Rwanda
24. Ecobank São Tomé and Príncipe
25. Ecobank Senegal
26. Ecobank Sierra Leone
27. Ecobank Tanzania ^[5]
28. Ecobank Togo
29. Ecobank Uganda
30. Ecobank Zambia ^[6]

Ecobank maintains a network of over 600 branches and service offices. The bank group's customer base is almost 2 million accounts.^[7] The group employs in excess of 11,000 people.^[8]

[edit] Subsidiaries

The Specialized subsidiary companies of Ecobank include the following: ^[9]

• Ecobank Development Corporation (EDC) - Lomé, Togo
• EDC Investment Corporation - Abidjan, Ivory Coast
• EDC Investment Corporation - Douala, Cameroon
• EDC Securities Limited - Lagos, Nigeria
• EDC Stockbrokers Limited - Accra, Ghana
• Ecobank Asset Management - Abidjan, Ivory Coast
• e-Process International SA - Lomé, Togo
• ECV Servicios - Praia, Cape Verde

[edit] Ownership

The shares of Ecobank Transnational Inc., the parent company of Ecobank, are traded on three West African stock exchanges, namely: the Ghana Stock Exchange (GSE), the Nigeria Stock Exchange (NSE) and the BRVM stock exchange in Abidjan, Ivory Coast. ^[10]

The ten (10) largest institutional shareholders in Ecobank are listed in the table below: ^[11]

Ten Largest Institutional Shareholders of Ecobank

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) 5.53 4 Interlink Securities Limited 4.86 5 AFRICA INVST SUB 1 LTD 4.41 6 Bourse Regionale des Valeurs Mobilieres (BRVM) 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 [edit] External links Ecobank official site (French) Ecobank official site Ecobank Transnational Incoporated at Nigerian Stock Exchange Ecobank Nigeria at Nigerian Stock Exchange (English) Modern Ghana, article 'Ecobank Takes over BICA in CAR' [edit] References ^ Company Headquarters in Lome, Togo ^ ETI Profit 2008 ^ Ecobank Assets 2008 ^ The Countries in the Ecobank Network ^ Ecobank Opening in Tanzania in January 2010 ^ Ecobank Zambia started in 2009 ^ Ecobank customer base is over 1.8 Million ^ Ecobank employs in excess of 11,000 people ^ Ecobank Specialized Subsidiaries ^ Ecobank Investment Matters ^ Ecobank Institutional Shareholders This African bank or banking-related article is a stub. You can help Wikipedia by expanding it. v • d • e This Africa-related article is a stub. You can help Wikipedia by expanding it. v • d • e This bank and insurance-related article is a stub. You can help Wikipedia by expanding it. v • d • e This Togo-related article is a stub. You can help Wikipedia by expanding it. v • d • e This African corporation or company article is a stub. You can help Wikipedia by expanding it. v • d • e