Ecobank Transnational Inc - Company Profile
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Ecobank Transnational Inc (Ecobank Group) is a financial services company that offers a wide range of banking products and services. The group's main activities include providing everyday banking, savings accounts, e-accounts, cards, loans, investment solutions, and bancassurance. Notable products and services include the classic current account, advantage savings account, rapidtransfer, and ecobank mobile. Ecobank Group serves a diverse customer base, including individuals, small and medium enterprises (SMEs), and the public sector, with applications across various financial needs. The company collaborates with international remittance partners and utilizes digital solutions for efficient service delivery. The group operates across multiple geographic locations, focusing on markets in Africa. Ecobank is headquartered in Lome, Togo.
Headquarters
Togo
Address
2365, Boulevard Du Mono, Bp 3261, Lome
Website
www.ecobank.com
Telephone
234 22 210303
No of Employees
14,108
Industry
Financial Services
Ticker Symbol & Exchange
ETI (NIG)
Revenue (2024)
$3.2B
13.6%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
21.7%
(2024 vs 2023)
Market Cap*
$1.5B
Net Profit Margin (2024)
XYZ
7.1%
(2024 vs 2023)
* As of and is in US$
Ecobank Transnational Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Deposits and Accounts: | Internet Banking |
| Savings | Mobile Banking |
| Current | Investment Banking |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Divestiture | In September, the group completed the sale of Ecobank Mozambique SA to FDH Bank PLC. |
| 2024 | Contracts/Agreements | In July, the group collaborated with Moov Africa Togo and introduced Move Money ATM, enabling Flooz subscribers to withdraw cash from Ecobank ATMs without a bank card. |
| 2024 | Contracts/Agreements | In May, the group signed an agreement with American Express to increase American Express acceptance in 21 Sub-Saharan African countries. |
Competitor Comparison
| Key Parameters | Ecobank Transnational Inc | KCB Group Plc | Banco Angolano de Investimentos SA | Absa Bank Kenya PLC | Polaris Bank Limited |
|---|---|---|---|---|---|
| Headquarters | Togo | Kenya | Angola | Kenya | Nigeria |
| City | Lome | Nairobi | Luanda | Nairobi | - |
| State/Province | - | - | Luanda | - | - |
| No. of Employees | 14,108 | 11,252 | 1,948 | 2,217 | - |
| Entity Type | Public | Public | Private | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Papa Madiaw Ndiaye | Chairman | Executive Board | 2024 | 60 |
| Ayo Adepoju | Director; Chief Financial Officer | Executive Board | 2025 | - |
| Jeremy Awori | Director; Gorup Chief Executive Officer | Executive Board | 2023 | 55 |
| Bolaji Lawal | Regional Executive; Managing Director - Ecobank Nigeria | Senior Management | 2022 | - |
| Anup Suri | Group Executive - Commercial and Consumer Banking | Senior Management | 2024 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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