Ecobank Transnational Incorporated

Ecobank is a leading banking institution in West Africa, dedicated to providing seamless banking solutions since 1985. The company was founded as a response to the dominance of foreign and state-owned banks in the West African banking industry. It was initiated by the Federation of West African Chambers of Commerce and Industry with support from the Economic Community of West African States (ECOWAS). Ecobank Transnational Incorporated (ETI) was established with authorized capital of US$100 million, with the initial paid-up capital of US$32 million raised from over 1,500 individuals and institutions across West African countries. ETI also holds the status of an international organization, granting it the rights and privileges necessary to operate as a regional institution. The company began its operations with its first subsidiary in Togo in March 1988. In March 2024, Ecobank secured a significant $250.00M Post-IPO Debt investment, demonstrating investor confidence in the company's growth and potential impact. As a key player in the Finance, Financial Services, and Banking industries, Ecobank continues to empower West Africa with its financial services and expand its influence in the region.