Ecobank Transnational Inc.
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
Investment field
Financial Institutions
Activity
Commercial bank
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.
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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.
View more of our investments in this region
Infrastructure
SIMA Commercial & Industrial Solar Green Bond
10,000,000.00
Kenya, Nigeria, South Africa
29/12/2023
Debt
