Ecobank Transnational Inc.

Debt : December 2017 - March 2022

The Ecobank group is the leading Pan-African full services bank, with 12 million customers across Africa.

Amount

€ 12,600,000.00

Type of investment

Debt

Development impacts

Private sector consolidation/innovation
Financial inclusion

Beneficiary locations

Africa:

Investment field

Financial Institutions

Activity

KK.64.190 Commercial banking

Organisation

Ecobank Transnational Inc.

Website

https://ecobank.com/group

Domicile

Togo

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Ecobank Transnational Inc.

Debt € 15,000,000.00 (2012-2019)

Ecobank provides wholesale, retail, investment and transaction banking services to financial institutions, multinationals, governments, local corporates and small and medium sized enterprises and individuals.

BIO’s financing aims to support Ecobank in further growing their SME loan portfolio. BIO granted a USD 15 million loan to ETI in 2012. The company has had a positive evolution since then. Their financials fundamentals have remained strong while expanding their outreach across their 36 countries of operations. The company has adhered to their main mission of providing banking services, supporting the SMEs locally and developing strongly the digitalization front.

Development impacts

Private sector consolidation/innovation
Ecobank has a wide range of financial services that are offered in all the countries of operations. They are leaders and innovators mainly on the digitalization products.
Financial inclusion
ETI is a diversified financial group offering a full set of financial services to small and medium entrepreneurs across 36 countries in Africa.