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As a group, our strategy is to build scale through organic growth and acquisitions, and also grow our businesses in existing markets and expand into new markets
Our growth
2010
Ecobank Tanzania commences business and the Group is now fully present in all the countries of the nascent East Africa Economic Community.
Ecobank expands into Zimbabwe, buying Premier Finance Group of Zimbabwe. The group also opens representative offices in Angola and Dubai.
2009
Ecobank Gabon, Zambia and EBI SA in France commence operations.
2008
Ecobank continues its expansion with the opening of new subsidiaries in Malawi, Congo Brazzaville, Kenya, Burundi and DR Congo.
2007
Ecobank continues its expansion with the opening of new subsidiaries in Guinea Bissau, Sao Tomé, Central Africa Republic, Rwanda and Gambia.
2006
ETI is simultaneously listed on three stock exchanges in West Africa, namely the BRVM, the Ghana Stock Exchange and the Nigerian Stock Exchange. Ecobank starts business in Sierra Leone and Tchad.
2004
ECV Servicios, a subsidiary of ETI offers money transfer services in Cape Verde.
2002
Ecobank Development Corporation commences operations.
eProcess, our technology and shared services affiliate is established.
2001
Ecobank expands into Central Africa. Ecobank-Cameroon opens for business.
1999
The Group extends its network to Guinea, Liberia, Niger and Senegal.The share capital of ETI was increased and hundreds of private individuals and businesses from and outside the sub-region seize this opportunity to invest in the Group.Institutional investors, including the IFC and the West Africa Growth Fund, subscribes to the capital.
1998
Ecobank opens in Mali.Kingdom Holding Africa invests in ETI.The International Finance Corporation (IFC) subscribes to 10% of the capital of Ecobank in Burkina Faso.Ecobank Development Corporation (EDC), the Investment and Capital Market affiliate is created.
1997
April - Ecobank opens in Burkina Faso.Group profits exceed USD 10milion.Balance sheet size hits USD 500 million.Shareholders approve a share ownership plan for staff.
1995
ETI pays out its first dividends.Ecobank-Benin initiates a partnership with Western Union. This is extended to the rest of the Group.
1994
Ecobank’s net operating profit crosses the 5m U.S. dollar mark!Rapid Transfer product is launched and quickly becomes a success.
1990
Ecobank Benin and Ghana start operations.
1989
Ecobank Côte d’Ivoire and Nigeria opens for business.
1988
First Ecobank affiliate opens in Togo.
1986
Citibank signs a Technical Assistance Agreement (TAA) with Ecobank. The Technical Assistance was concluded in December 1988.
1985
In October, the Government of Togo signs an agreement granting Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, the status and privileges of a non-resident regional financial institution.
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