The operations of Ecobank Liberia are supervised and regulated by the Central Bank of Liberia. The bank was established in August 1999 as a wholly owned subsidiary of Ecobank Transnational Incorporated. It is currently the number one bank in Liberia on Total Assets, Deposits, branch network and profitability.
During the extended and intermittent periods of civil turmoil in Liberia, Ecobank maintained its operations in that country thus demonstrating its commitment to the local business community. The commitment to service has won the bank the choice for business and donor agencies. The bank has 11 branches and 11 strategic alliances thus making its total branches and locations to twenty two. Its current staff strength is 267.
Business in Monrovia is rapidly returning to normal especially with the democratically elected government now in place. Transaction volumes are increasing, particularly those relating to aid flows and the bank’s client base is growing. Ecobank Liberia is clearly the market leader in Liberia. In 2007 the bank achieved R.O.E of 26.77% and R.O.A. of 2.75%.