Ecobank

Ecobank Transnational Inc.

Type	Public Company : ETI : ETIT BRVM: ETI
Industry	Financial services
Founded	1985
Headquarters	2365, Boulevard du Mono, B.P.3261, Lomé, Togo
Key people	Emmanuel Ikazoboh chairman Ade Ayeyemi group chief executive officer
Products	List Banking Services, Investments, funds transfers, products and services including pan-African lending, trade services, cash management, internet banking, value-chain finance, treasury services, corporate finance, investment banking and securities and asset management
Revenue	US$ 2.11 billion (2015) US$ 2.28 billion (2014)
Net income	US$ 107 million (2015) US$ 395 million (2014)
Total assets	US$ 23.6 billion (2015) US$ 24.2 billion (2014)
Total equity	US$ 2.52 billion (2015) US$ 2.66 billion (2014)
Number of employees	19,568 (2015)
Website	Homepage

Ecobank, whose official name is Ecobank Transnational Inc. (ETI), is a pan-African banking conglomerate, with banking operations in 36 African countries. It is the leading independent regional banking group in West Africa and Central Africa, serving wholesale and retail customers. It also maintains subsidiaries in Eastern and Southern Africa. ETI has representative offices in Angola, China, Dubai, France, South Africa, and the United Kingdom.

ETI is a large financial services provider with offices in 36 countries around the world, and presence in 36 sub-Saharan countries. As of December 2012^[update], ETI's customer base was estimated at 13.7 million, with 9.6 million (70.2%), located in Nigeria, the continent's most populous nation. ETI's branch network numbered 1,305, with 1,981 networked ATMs.

As of June 2014^[update], Ecobank Transnational had banking operations in 36 African countries, with representative offices in Angola, Beijing, Dubai, Ethiopia, South Africa and the United Kingdom:

Ecobank Transnational has operational bank subsidiaries in the following countries, as of July 2013:

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 1980s the banking industry in West Africa was dominated by foreign and state-owned banks. There were hardly any commercial banks in West Africa owned and managed by the African private sector. ETI was founded with the objective of filling this vacuum.