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Banking, Financial Services, Finance

Ecobank Transnational is a modern pan-African financial institution providing financial solutions.

Lomé, Maritime, Togo, Africa (TG)

Organizations in Lomé in Banking,
Organizations in Lomé in Financial Services,
Organizations in Lomé in Finance,
Organizations in Maritime in Banking,
Organizations in Maritime in Financial Services,
Organizations in Maritime in Finance,
Organizations in Togo in Banking,
Organizations in Togo in Financial Services,
Organizations in Togo in Finance,
Organizations in Africa in Banking,
Organizations in Africa in Financial Services,
Organizations in Africa in Finance

Investors in Lomé in Banking,
Investors in Lomé in Financial Services,
Investors in Lomé in Finance,
Investors in Maritime in Banking,
Investors in Maritime in Financial Services,
Investors in Maritime in Finance,
Investors in Togo in Banking,
Investors in Togo in Financial Services,
Investors in Togo in Finance,
Investors in Africa in Banking,
Investors in Africa in Financial Services,
Investors in Africa in Finance

Founded date 01, 1985

Founders Gervais Djondo

Operating Status Active

Funding Stage IPO

Last Funding Type Post-IPO Debt

Also known as ETI

Company Type For Profit

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Ecobank Transnational Incorporated (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 1980’s foreign and state-owned banks dominated the banking industry in West Africa. Commercial banks in West Africa owned and managed by the African private sector were a rarity. Its founders created ETI with the objective of filling this vacuum. The Federation of West African Chambers of Commerce promoted and initiated a project to create a private, regional banking institution in West Africa. In 1984, Ecopromotions S.A. was incorporated. Its founding shareholders raised seed capital for feasibility studies and the promotional activities leading to the creation of ETI. In October 1985, ETI was incorporated with authorised capital of US$100 million. The initial paid up capital of US$32 million was raised from over 1,500 individuals and institutions from West African countries. The largest shareholder was the ECOWAS Fund for Cooperation, Compensation and Development (ECOWAS Fund), the development finance arm of ECOWAS. Ecobank signed a Headquarters’ Agreement with the Government of Togo in 1985, which granted it the status of an international organisation. This status came with the rights and privileges necessary for ETI to operate as a regional institution, including the status of a non-resident financial institution. ETI commenced operations with its first subsidiary in Togo in March 1988.

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Ecobank Transnational Participated In the Following Investment Rounds (2)

Ecobank Transnational Investors (10)