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Ecobank Transnational Inc. acquires Oceanic Bank, Nigeria
Ecobank, the leading Pan-African banking group.
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10 November 2011
Dear Customer,
Ecobank
Transnational lncorporated's Acquisition of Oceanic Bank International Plc
Following the
completion of the acquisition of Oceanic Bank by Ecobank, we are pleased to
inform you that Oceanic
Bank and all of its subsidiaries are now part of the Ecobank Group, the leading Pan-African banking
group.
We would like to
assure you that we are taking every step to make your banking more convenient, and ensure you
continue to enjoy superior levels of customer service. By the first quarter of
2012, you will be able to:
- 1. Do your teller
transactions at over 370 locations of Oceanic bank in Nigeria. This is in addition to over 230
Ecobank locations.
- 2. Use your ATM card
at over 680 Oceanic Bank ATMs in Nigeria at no extra transaction charge (i.e. without
the N 100 charge per transaction). This is in addition to about 200 ATMs of Ecobank in
Nigeria.
Furthermore, your
existing banking relationships with us including your credit facility (where applicable),
standing orders, collection arrangements, international trade etc, will
continue to be maintained subject
to the usual terms and conditions. While we seek to improve the management of your accounts, we
will take care to minimize disruptions to your existing relationship with us.
With an expanded
branch network of over 600 branches and over 880 ATMs in Nigeria. you will benefit from a wider
range of banking products and services, as well as access to cross-border transactions across
Ecobank's network of 32 African countries.
The Ecobank Group is
present in more countries in Africa than any other bank in the world. It is present in Benin,
Burkina Faso, Burundi, Cameroon. Cape Verde, Central African Republic, Chad, Congo
(Brazzaville), Congo (Democratic Republic), Côte d’lvoire, Gabon, Gambia,
Ghana, Guinea,
Guinea-Bissau, Kenya, Liberia, Malawi, Mali. Niger, Nigeria, Rwanda, Sao Tome
and Principe, Senegal,
Sierra Leone, Tanzania, Togo, Uganda, Zambia and Zimbabwe. The group also has an affiliate in
Paris and representative offices in Dubai, Johannesburg. London and Luanda.
We thank you for
your trust, confidence and loyal support over the years, and remain committed
to providing you with
convenient, accessible and reliable banking services.
Click here to view PDF version of the letter
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