Ecobank Nigeria – Reviews and Ratings


Full Review

The bank began operations 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’s operations are divided into three major divisions – Retail Banking, Wholesale Banking and Treasury & Financial Institutions. Ecobank also offers capital markets and investment banking services.

Ecobank Nigeria acquired 100% of the shareholding in Oceanic Bank, during the fourth quarter of 2011, which expanded Ecobank Nigeria Plc. The expanded Ecobank Nigeria as of December 2011, controlled total assets valued at approximately US$8.1 billion (NGN 1.32 trillion), bringing it as one of the five largest banks in Nigeria at the time. At that time the bank had 610 free-standing branches, which made it the second-largest bank in the Nigeria by branch network.

Ecobank Nigeria is a member of Ecobank, the leading independent pan-African bank, headquartered in Lomé, Togo, with affiliates in West, Central and East Africa. Ecobank, which was established in 1985, has grown to a network of over 1,000 branches, employing over 10,000 people, with offices in 32 countries including Benin, Burkina Faso, Burundi, Cameroon, Cape Verde, the Central African Republic, Chad, the Republic of Congo, the Democratic Republic of Congo, Côte d’Ivoire, Gambia, Ghana, Guinea, Guinea Bissau, Kenya, Liberia, Mali, Malawi, Niger, Nigeria, Rwanda, Sao Tome, Senegal, Sierra Leone, Togo, Uganda, Zambia and Zimbabwe.

Ecobank also maintains a banking subsidiary in Paris and representative offices in Johannesburg, Dubai and London.

Quick Facts

Industry:             Financial services

Founded:            1986

Headquarters:  Lagos, Nigeria

Products:            Loans, savings, investments, debit and credit cards, mortgages

Total assets:      US$8.1 billion (NGN 1.32 trillion) (2011)


Branches:           610


Here’s another review from Shoparazza

Categories: Bank Reviews