Ecobank Nigeria Plc, is a member of the Ecobank Transnational Incorporated (ETI), commonly refer to as Ecobank in Nigeria. it is a leading pan-African banking group, headquartered in Lomé, Togo, in West Africa, with affiliates and presence in 35 African countries and international offices in Paris, London, Dubai and Beijin.
Established in 1985, the bank has grown to a network of over 1,000 branches, employing over 10,000 people across the 35 countries of operation.
As at end of 2013, the Group had US$22.5 billion in assets and US$2.1 billion in total equity.
The bank began operations in Nigeria in 1986. It operates as a universal bank, providing wholesale, retail, corporate, investment and transaction banking services to its customers in the Nigerian market. The bank divides its operations into three major divisions:
Retail Banking
Wholesale Banking and
Treasury & Financial Institutions.
The bank also offers capital markets and investment banking services.
During the fourth quarter of 2011, Ecobank Nigeria acquired 100% of the shareholding in Oceanic Bank, creating the expanded Ecobank Nigeria Plc. As of December 2011, the expanded Ecobank Nigeria controlled total assets valued at approximately US$8.1 billion (NGN:1.32 trillion), making it one of the five largest banks in Nigeria at the time. At that time the bank had 610 free-standing branches, making it the second-largest bank in the country by branch network
Ecobank had previously acquired the deposit liabilities and customers of the defunct All States Trust Bank Plc, Hallmark Bank Plc and African International Bank Plc (AIB).
In 2013, Ecobank was listed as one of the eight banks in Nigeria that are ‘too big to fail’ by the banking regulator, the central bank of Nigeria CBN.
With vision to build a world class pan-African bank and contribute to the economic development and financial integration of Africa.
