To discover everything that you need to know about one of West Africa’s most successful bank’s, Ecobank, simply continue reading. As you’ll discover interesting facts about the history of Ecobank and it’s successes over the years.
Everything that you need to know about Ecobank:
It was founded in 1985:
Ecobank was first established in 1985 as part of a private sector initiative which was driven by the Federation of West African Chambers of Commerce and Industry. Ecobank was also supported by the Economic Community of West African States, who were well aware that West Africa wad dominated by foreign banks and state banks and that there was a district need for a privately owned West African bank.
Ecobank shares are available for public purchase on three seperate West African based stock exchanges. The Ghana Stock Exchange, the Nigeria Stock Exchange and the BRVM Stock Exchange. The latter of which is based on the Ivory Coast.
The largest stakeholders in Ecobank is the Nedbank Group which holds 20.7% of Ecobank shares, the Qatar National Bank, which holds 17.4% of Ecobank and the Government Employees Pension Fund, which holds 13.8% of Ecobank’s publicly listed shares.
If you’re curious about the percentage of shares which are not owned by a large organization, approximately 26.6% of Ecobank’s shares are owned by individual investors. If you’re interested in owning shares in Ecobank and live in Africa, it’s well worth finding out more information on how to invest in Ecobank via the Ghana Stock Exchange, the Nigeria Stock Exchange or the BVRM Stock Exchange.
It currently operates in 36 countries around the world:
Ecobank currently boasts locations in 36 countries around the world. The vast majority of which are African countries. Some key examples of which include Kenya, Mozambique, South Africa, Nigeria and Tanzania.
The current countries which Ecobank operates in outside of Africa include France, the United Kingdom, the United Arab Emirates and China. Testament to the success of Ecobank.
Ecobank’s partnership with the Nedbank Group:
The Ecobank Nedbank alliance is currently the biggest banking network in Africa. The alliance was formed in 2008 between Ecobank and Nedbank. The latter of which is one of South Africa’s largest financial services providers.
So if you were looking for key facts about the history and successes of Ecobank, one of the most successful bank’s in West Africa, hopefully you found all the information that you were searching for.