Africa CEO Forum Awards 2012: Eco Bank bags the PAN-African Company of the year
November 22, 2012: This award recognizes the African company that has achieved the greatest expansion on the continent. Eco Bank Ecobank, whose official name is Ecobank Transnational Inc. (ETI), but is also known as Ecobank Transnational, is a pan-African banking conglomerate, with banking operations in 30 African countries. It is the leading independent regional banking group in West Africa and Central Africa, serving wholesale and retail customers. It also maintains susidiaries in Eastern Africa, as well as in Southern Africa. ETI has representative offices in Angola, China, Dubai, France, South Africa and the United Kingdom.
Eco Bank was rewarded on the following criteria:
• Number and size of the external growth operations achieved by the company in the two last years in other African countries
• Number of African countries in which the company is present (a minimum of five)
• Africa’s share in the company’s global activity (outside its country of origin)
Eco Bank is the group which has pioneered the idea of a pan-African strategy. Expanding its activities over 32 countries including nearly all of ‘Middle Africa’. 11.000 employees proudly work for this group that bought Oceanic Bank, one of Nigeria’s biggest banks, at the end of 2011.