Ecobank Equatorial Guinea was issued a licence to operate as a credit institution in Equatorial Guinea and became the 33rd affiliate of the Group in Africa.
Thierry Tanoh, Group Chief Executive Officer, said: “We are pleased that the authorities of Equatorial Guinea have issued Ecobank with a licence to operate as the fifth bank in the country and to support the development of the economy with access to financing. The addition of Ecobank Equatorial Guinea completes our presence in all the member states of the Monetary and Economic Community of Central Africa (CEMAC) and highlights our leadership in the African banking sector and demonstrates our long term commitment to the African continent.”
Evelyne Tall, deputy chief executive officer of the Ecobank Group added, “We are particularly enthusiastic about Ecobank’s access to the Equatorial-Guinea market and the opportunity to offer to our existing and potential clients our innovative and reliable products and services. Additionally our presence in Equatorial Guinea would give them access to Ecobank’s footprint across Africa.”
Ecobank Equatorial Guinea’s head office is located in the central business district of Malabo, on Avenida de la Independencia.
Incorporated in Lomé, Togo, Ecobank Transnational Incorporated is the parent company of the leading independent pan-African banking group. It currently has a presence in 33 African countries, namely: Angola, Benin, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Congo (Brazzaville), Congo (Democratic Republic), Côte d’Ivoire, Equatorial Guinea, Gabon, Gambia, Ghana, Guinea, Guinea-Bissau, Kenya, Liberia, Malawi, Mali, Niger, Nigeria, Rwanda, Sao Tome and Principe, Senegal, Sierra Leone, South Africa, Tanzania, Togo, Uganda, Zambia, Zimbabwe.
The Group is also represented in France through its affiliate EBI S.A. in Paris. ETI also has representative office in Dubai, United Arab Emirates London, UK and Beijing, China. ETI is listed on the stock exchanges in Lagos, Accra and the West African Economic and Monetary Union (UEMOA) – the BRVM in Abidjan. The Group has more than 600,000 local and international institutional and individual shareholders.
The Group has 18,321 employees in 35 countries and 1,206 branches and offices.
Ecobank is a full-service bank providing wholesale, retail, investment and transaction banking services and products to governments, financial institutions, multinationals, international organisations, medium, small and micro businesses and individuals.