Ecobank

What Ecobank does

Ecobank Transnational Incorporated is a publicly listed pan-African banking group headquartered in Lomé, Togo, and incorporated in 1985. It operates through locally licensed banking subsidiaries, brokerage and asset management arm EDC Investment Corporation, microfinance subsidiary Pan-African Savings & Loans, and the Paris-based Ecobank International (EBISA) trade finance platform. The group serves over 32 million customers across 34 sub-Saharan African countries plus representative offices in France, the UK, the UAE, and China, with approximately 14,000 employees representing 43 nationalities.

The core product architecture spans three pillars: Consumer Banking (current and savings accounts, debit/credit/prepaid cards under Visa and Mastercard, personal and mortgage loans, investment solutions, bancassurance, and the Xpress Account digital onboarding product); Commercial Banking (SME lending, Ecobank Business App, and the award-winning Ellevate programme for women entrepreneurs operating in 32+ countries); and Corporate and Investment Banking (trade finance, supply chain solutions, cash and liquidity management via Omni Lite/Omni Plus, FICC, and wealth management). Distribution combines physical branches and ATMs, the Ecobank Mobile App, USSD (*326#), the Xpress Point agent banking network for rural areas, and proprietary services including Rapidtransfer for cross-border payments. Fintech and DFI partnerships extend reach: Hub2 connects 200 million+ mobile wallets, Thunes enables instant cross-border payments, Wave/Visa issues virtual cards, and Western Union, MoneyGram, MTN, and Ria handle remittances.

Ecobank's revenue model is anchored in net interest income on lending (the primary driver per FY2025 disclosures) complemented by non-interest income from transaction fees, FX trading gains, trade finance commissions, and bond underwriting. FY2025 net revenues reached US$2.45 billion (+17% YoY) with record Profit Before Tax of US$801 million (+21% YoY), supported by a 16.7% capital adequacy ratio (420 bps above regulatory threshold) and a record cost-to-income ratio of 48.3%. Diversified capital sources include DFI facilities from Proparco, BII, AfDB, EIB, FinDev Canada, Finnfund, and Arise, plus capital markets instruments including the world's first ICMA commercial bank-issued Nature Bond ($450 million, June 2026) and West Africa's first Gender Bond (XOF 10 billion, March 2025). Ecobank is listed on the Nigerian, Ghanaian, and BRVM stock exchanges under the ticker ETI.

Name

Ecobank

Legal name

Ecobank Transnational Incorporated (ETI)

Website

https://ecobank.com

Company type

Public

Founded year

1985

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Ecobank is a publicly listed pan-African banking group operating across 34 sub-Saharan African countries plus France, UK, UAE, and China, serving 32 million+ consumer, SME, and corporate customers through unified digital and physical banking infrastructure, trade finance, and sustainable finance products.

Ownership category

akta.pro rank

Product category

Pan-African Retail and Commercial Banking

NAICS

Commercial Banking (522110), Commercial Banking (52211), Credit Card Issuing (52221), Credit Intermediation and Related Activities (522)

SIC

National Commercial Banks (6021), Personal Credit Institutions (6141), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

Credit Cards & Revolving Credit (FSABAAAC), SME, Microfinance & Financial Inclusion Facilities (BPADACAI), Financial Inclusion & Basic Banking (Unbanked/Underbanked, Low-Fee Accounts) (FSABAAAL)

Keywords

• Pan-african banking
• Trade finance services
• Retail banking products
• Corporate investment banking
• Sustainable finance bonds

Headquarters

HQ city

Lomé

HQ country

Togo

Offices9 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Net Interest Income: Interest income earned on loans and advances to customers and interest expense paid on deposits, representing the primary revenue driver. For FY2025, Ecobank reported net revenues of $2.45 billion, driven by strong lending growth and elevated interest rate environment.
2. Non-Interest Income (Fees and Commissions): Transaction fees, account service charges, trade finance commissions, FX trading gains, and fees from digital banking services including Rapidtransfer and card transactions. FX trading gains contributed significantly to Q3 2025 performance with 47% pre-tax profit growth.
3. Trade Finance Services: Trade finance instruments including letters of credit, supply chain finance, and guarantees for corporate and commercial clients facilitating cross-border trade across Africa. The bank committed $3 billion in trade finance over three years at the Africa Forward Summit.
4. Gender Bond Issuance: Ecobank Côte d'Ivoire issued a XOF 10 billion Gender Bond (Ellever Gender Bond 6.5% 2024-2029) through its EDC Investment Corporation subsidiary, mobilising funding for women-owned businesses and generating underwriting revenue.
5. Nature Bond Proceeds On-lending: USD 450 million Nature Bond proceeds ring-fenced for eligible lending to sustainable agriculture, agri-processors, smallholder farmers and water infrastructure across 24 African markets, generating interest income on the deployed portfolio.

Pricing tiers

Go-to-market motion3 records

Distribution channels9 records

Marketing channels9 records

Core offering

Ecobank is a pan-African banking group operating across 34 sub-Saharan African countries plus France, UK, UAE and China, offering consumer banking (current and savings accounts, cards, loans, investment solutions, bancassurance), commercial and SME banking (including the Ellevate women entrepreneurs program), and corporate and investment banking (trade finance, supply chain solutions, cash management, FICC, wealth management). The bank serves over 30 million customers through a unified digital platform spanning mobile app, internet banking, USSD, agent banking (Xpress Points) and physical branches, with differentiated capabilities in cross-border payments, sustainable finance (Nature Bond, Gender Bond) and intra-African trade.

Product overview

Ecobank operates as a pan-African banking group with a unified platform architecture offering Consumer Banking (current accounts, savings accounts, cards, loans, investment solutions, bancassurance), Commercial Banking (SME solutions, Ellevate women-focused program, Xpress digital accounts), and Corporate & Investment Banking (trade finance, supply chain solutions, cash management, FICC, wealth management, investment banking) across digital channels (Ecobank Mobile App, Ecobank Online, Rapidtransfer, EcobankPay, Omni Lite/Plus). Key differentiated offerings include the Ellevate program for women entrepreneurs, Nature Bond for sustainable agriculture, MAMA Programme for informal sector women, and specialized remittance services through Western Union, MoneyGram, MTN, and Ria partnerships, plus mobile wallet integrations with Hub2 and Wave, all accessible across the group's 34 African markets.

Differentiator

Problem solved

Functional benefit

Brands

• Ellevate: Women-focused banking program providing access to credit, capacity-building (training, leadership), and market access for women entrepreneurs across Africa
• Ellevate by Ecobank
• MAMA Programme
• Ecobank Business App
• Rapidtransfer
• EcobankPay
• Xpress Account
• Ecobank Fintech
• EBISA

Products and services

• Current Accounts Banking accounts offering essentials or extras for everyday banking needs, including Classic, Student, Advantage, Premier, and Diaspora Current Account variants for individual consumers.
• Savings Accounts Selection of savings accounts helping individuals and families grow their money, including Ecobank Savings, Classic Savings, Student Savings, Advantage Savings, and Premier Savings Account variants.
• Loans Various loan products including Personal Loans, Auto Loans/Asset Acquisition, Advance Facilities, Mortgage Loans, Travel Loans, and Salary Advances to help consumers achieve financial goals.
• Cards (Debit, Credit, Prepaid) Range of debit, credit and prepaid cards including Visa and Mastercard variants, with features like 3D Secure protection, virtual cards, and specialized products like PAC Cards, CashXpress, and Salary Express.
• Investment Solutions Wealth and investment products including Fixed Income Fund and Money Market Fund, leveraging Ecobank's pan-African scale for investment opportunities.
• Bancassurance Insurance products and services including education policies, life policies, and retirement and funeral policies designed to provide peace of mind for customers' financial futures.
• Rapidtransfer Fast, convenient and reliable money transfer service across Africa available in-branch, via mobile app, and online with competitive exchange rates and low fees (0-3% for account-to-account transfers).
• EcobankPay Contactless payment solution enabling merchants to accept digital payments via Ecobank's payment infrastructure.
• Xpress Account Digital-first bank account accessible via mobile with KYC-lite opening using just a national identity card, targeting the unbanked and underbanked populations.
• Ellevate by Ecobank Award-winning program financing and connecting women entrepreneurs across Africa, combining access to credit, capacity-building (training, leadership), and market access through MyTradeHub.
• Trade Finance and Services Comprehensive trade finance solutions including letters of credit, guarantees, documentary collections, and supply chain financing to support international and intra-African trade for corporate clients.
• Supply Chain Solutions Integrated supply chain financing and management solutions helping businesses optimize working capital and strengthen relationships across supply chains.
• Cash and Liquidity Management Treasury and cash management services helping corporate clients optimize liquidity, manage foreign exchange exposure, and maximize returns on idle cash.
• Fixed Income, Currencies and Commodities (FICC) Foreign exchange, fixed income, and commodities trading and hedging solutions for corporate and investment banking clients.
• Wealth Management Comprehensive wealth management services including securities brokerage, asset management, investor services, and collective investment schemes for high-net-worth individuals and institutions.
• Ecobank International (EBI) International banking operations providing correspondent banking, trade finance, and cross-border banking services, with presence in France, UK, UAE, and China.
• Ecobank Development Corporation (EDC) Investment Banking Investment banking subsidiary providing advisory services, capital markets solutions, and structured finance for corporate clients across Africa.
• Ecobank Nature Bond World's first ICMA commercial bank-issued Nature Bond, a $450 million sustainable finance instrument supporting sustainable agriculture, biodiversity protection, and water infrastructure across 24 African markets.
• Ellever Gender Bond West Africa's first Gender Bond issued by Ecobank Côte d'Ivoire, XOF 10 billion bond to mobilize funding for women-owned and women-led businesses.
• MAMA Programme Microfinance initiative in Ghana implemented by Pan-African Savings and Loans (Ecobank's microfinance subsidiary) providing subsidised credit and business advisory services to women in the informal sector. Enrolled 10,000+ women since May 2024.
• Ecobank Business App Digital banking platform for SMEs to manage payments, transactions, and cash flow with sector-specific functionalities for traders, retailers, tech start-ups, hospitality, farmers, manufacturers, and professionals.
• Wave Virtual Card Virtual Visa payment card integrated into Wave app for users in Senegal, enabling online payments on e-commerce platforms, subscription services, ticketing, streaming, and other digital services.

Quantifiable outcome

• 194% surge in lending to women-led businesses in 2025, extending $780 million in loans vs $265 million in 2024
• +7 more outcomes

Named customers13 records

Segments7 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

AI capability2 records

Feature8 records

Partnerships

18 partnerships are on record, tiered minor and core.

• Social Security and National Insurance Trust (SSNIT, Ghana)minorGTM or Marketing Partner · 9 July 2026SSNIT launched its Membership Value Programme (MVP) in partnership with Ecobank Ghana, offering contributors and pensioners a free SSNIT-branded prepaid Visa card with digital healthcare services, discounts, reduced airfares and cashless payment capabilities, targeting Ghana's informal sector.
• The Build Project / Lexis BillminorGTM or Marketing Partner · 7 July 2026Ecobank Ghana became Official Financing Partner of The Build Project, a Ghanaian home renovation and construction TV series produced by Lexis Bill. Ecobank will educate viewers on mortgage options, home improvement financing and financial planning, with the show airing on Joy Prime and Joy News.
• Hub2coreTechnology or Integration · 21 May 2026Hub2 is Ecobank's fintech infrastructure partner for cross-border digital payments, connecting mobile wallets across Francophone Africa. A strategic MoU signed in 2026 further expanded the partnership beyond the initial agreement.
• African Development Bank Group - AFAWA InitiativecoreStrategic or Co-development Partner · 15 May 2026Ecobank partnered with AfDB's Affirmative Finance Action for Women in Africa (AFAWA) initiative, which provides guarantees covering up to 75% of risk on loans to women-led businesses. Through this partnership, Ecobank's portfolio of women-led businesses grew from 9,400 in 2021 to more than 83,000 by end of 2024, with lending reaching $265 million. Ecobank was named 'AFAWA Bank of the Year' in May 2025.
• Pan-African Savings & LoanscoreStrategic or Co-development Partner · 18 March 2026Pan-African Savings & Loans, Ecobank's microfinance subsidiary, runs the MAMA Programme offering subsidised credit and business advisory services to women in Ghana's informal sector. Since May 2024, enrolled 10,000+ women, provided US$1.8M+ in subsidised credit to 2,000+ women, and delivered 150+ training sessions.
• Africa Finance Corporation (AFC)coreStrategic or Co-development Partner · 3 March 2026AFC partnered with Ecobank Nigeria and Soto Gallery for the third consecutive year to host the +234 Art Fair in Lagos (March 5-8, 2026, themed 'Inclusivity'), supporting Africa's creative economy and expanding access within Nigeria's creative sector. Over 18,000 visitors and 1,100+ artworks showcased in prior editions.
• Hub2coreTechnology or Integration · 2 March 2026Ecobank and Hub2 signed a MoU to connect Hub2's network of 200+ million mobile wallets to Ecobank's digital banking platform across 32 African markets, addressing fragmented payment ecosystems in Francophone Africa. Initial rollout focuses on UEMOA and CEMAC regions, with Hub2 operating in twelve countries including Côte d'Ivoire, Benin, Senegal and Cameroon.
• China (Cross-Border Interbank Payment System / CIPS)minorOthers · 26 February 2026Ecobank is exploring integration with China's Cross-Border Interbank Payment System (CIPS) to enable direct yuan payments for clients trading with China, aiming to reduce reliance on the US dollar in Africa trade. CEO Jeremy Awori stated the bank is working on allowing clients to hold yuan currency and make direct payments for Chinese imports.
• Central Bank of KenyaminorOthers · 17 February 2026Ecobank's presence across 34 African countries makes it a reference example for pan-African compliance and regulatory monitoring within the context of Central Bank of Kenya surveys on AI adoption in banking and cross-border transaction compliance.
• State Housing Company (SHC, Ghana)minorGTM or Marketing Partner · 5 February 2026Ecobank Ghana and State Housing Company signed a strategic partnership to provide affordable mortgage financing solutions targeting Ghanaian workers, particularly in the public sector. Ecobank offers mortgage loans up to USD 500,000 with repayment tenors up to 20 years, addressing Ghana's estimated two million unit housing deficit.
• Wave Mobile Money and VisacoreTechnology or Integration · 27 January 2026Wave Mobile Money, in partnership with Visa and Ecobank Senegal, launched a Visa virtual card enabling users to make international online payments directly from mobile wallets without a traditional bank account. The virtual card was pilot-tested in Senegal and Côte d'Ivoire.
• ThunescoreTechnology or Integration · 30 October 2025Thunes and Ecobank partnered to enable instant cross-border payments across Sub-Saharan Africa, starting with Togo where Ecobank customers can receive real-time remittances. The partnership aims to improve liquidity access and support digital economy growth.
• Google CloudcoreTechnology or Integration · 15 September 2025Ecobank partnered with Google Cloud to launch a new digital banking platform across 35 sub-Saharan African countries, promoting digital banking and financial inclusion. The partnership leverages Google Cloud's infrastructure for scalability, security and AI capabilities.
• Global Partnership for EducationminorStrategic or Co-development Partner · 15 September 2025Ecobank Foundation partnered with Global Partnership for Education for pan-African webinars on AI in education and how AI apps can improve literacy, numeracy and digital skills among Africa's primary schoolchildren.
• Goldman Sachs - 10,000 Women InitiativecoreStrategic or Co-development Partner · 3 March 2025Ecobank Côte d'Ivoire launched the 'Ellever Gender Bond 6.5% 2024-2029' (XOF 10 billion) structured by EDC Investment Corporation, Ecobank's Brokerage and Asset Management subsidiary, with independent second-party opinion from Morningstar Sustainalytics. Proceeds fund women-owned businesses through the ELLEVER programme.
• International Finance Corporation (IFC) - Goldman Sachs 10,000 WomencoreStrategic or Co-development Partner · 10 December 2024Ecobank Côte d'Ivoire signed an MoU with IFC to roll out the Goldman Sachs '10,000 Women' programme, providing practical business education to women entrepreneurs in areas including leadership, finance, marketing and growth. The programme complements the Ellevate programme and was announced at the Africa Financial Summit in Casablanca.
• UN WomenminorStrategic or Co-development Partner · 1 March 2024Ecobank's 2022 'Leave No One Behind! Financial Inclusion for All' campaign was conducted in partnership with UN Women, promoting financial literacy and inclusion across 33 sub-Saharan countries, with focus on women and youth in marginalised communities.
• Claudine Talon Foundation (Benin)minorGTM or Marketing Partner · 1 November 2023Ecobank Benin partnered with the Claudine Talon Foundation to subsidise manufacture and distribution of reusable sanitary towel kits to young girls in schools (4,000 kits in 2023 edition), plus the Zero Obstetric Fistula project.

Scale indicators25 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Standard Bank Group: Africa's largest banking group by assets, headquartered in South Africa with operations across 20+ African countries. Directly comparable to Ecobank on pan-African retail, corporate and investment banking; the principal private-sector competitor for cross-border African trade finance and FX.
• Standard Chartered Bank (Africa franchise): Global wholesale and emerging-markets bank with significant African presence. Competes with Ecobank Transaction Banking and Corporate & Investment Banking on trade finance, FX and cross-border payments in frontier African markets.

Direct peers

• Absa Group: Pan-African financial services group with presence in 12 African markets (including Absa Bank Ghana which has co-lent alongside Ecobank Ghana). Competes directly in retail banking, corporate lending, trade finance and sustainability-linked finance across overlapping geographies.
• United Bank for Africa (UBA): Nigerian-headquartered pan-African bank operating in 20+ African countries plus global offices. Closely comparable to Ecobank on cross-border African retail banking, payments and corporate finance; UBA is a principal direct competitor in Nigeria and Francophone West Africa.
• Attijariwafa Bank: Moroccan-led pan-African bank with strong presence across Francophone and North Africa (and expanding into Egypt, Sub-Saharan Africa). Competes directly with Ecobank in West and Central Africa on corporate banking, trade finance and retail deposits.
• Bank of Africa (BOA): BOA Group operates in 18 African countries, with disproportionate strength in Francophone West Africa — Ecobank's historical stronghold. Directly comparable on retail banking, SME lending and correspondent banking services.

Regional players

• Zenith Bank: Top-tier Nigerian bank with selective international presence (UK, Ghana, Sierra Leone, Gambia). Directly comparable to Ecobank Nigeria on retail, corporate and digital banking within Nigeria and Anglophone West Africa.
• Guaranty Trust Bank (GTBank / Guaranty Trust Holding Company): Nigerian-led banking group with operations in multiple African markets (UK, East/West Africa). Comparable to Ecobank on digital banking innovation, retail customers and corporate banking across Nigeria and West Africa.
• Access Bank (including former Diamond Bank): Nigerian-headquartered bank with growing pan-African footprint (over 20 African countries after acquisitions). Comparable to Ecobank on retail scale, payments and corporate banking; emerging as another pan-African competitor.

Emerging players

• SBM Bank Africa: Mauritius-based bank with growing footprint in Kenya, Nigeria, Madagascar and India. Smaller and more selective than Ecobank but directly comparable on cross-border African corporate banking and private banking services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/GroupEcobank
• YouTubeyoutube.com/user/EcobankGroup
• Facebookfacebook.com/EcobankGroup
• LinkedInlinkedin.com/company/26a
• Instagraminstagram.com/ecobank_group

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries9 records

Funding overview

Funding rounds25 records

Investors26 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments9 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ecobank