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Ecobank

  • Street / Area: Boulevard de la Liberte
  • City: Niamey
  • Country: Niger
  • Phonenumber: +227 20 73 71 81
  • Email: ecobankenquiries@ecobank.com
  • Website: https://www.ecobank.com
  • Financial service details: Banking, Money transfers, E-banking, Credit cards, Business services, Funding and loans, Insurance, Investment, Money transports, Others
  • Office in Africa: Benin, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Comoros, Democratic republic of The Congo, Republic of The Congo, Equatorial Guinea, Gabon, Gambia, Ghana, Guinea Conakry, Guinea Bissau, Kenya, Liberia, Malawi, Mali, Mozambique, Niger, Nigeria, Rwanda, Sao Tome and Principe, Senegal, Sierra Leone, South Sudan, Tanzania, Togo, Uganda, Zambia, Zimbabwe
  • Listed: November 6, 2017 4:21 pm
  • Expires: 350 days, 4 hours
Ecobank

Description

Ecobank Niger is supervised and regulated by the Banking Commission which assures the party supervision Central Bank of the States of Western Africa (BCEAO).

About
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 1980’s 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 were 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 Headquarters’ Agreement with the Government of Togo in 1985, which granted it the status of an international organization. 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.

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Listing ID: 1855a008c095b26a

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