Ecobank Nigeria Limited, commonly known as Ecobank Nigeria, is a commercial bank in Nigeria. It is one of the commercial banks licensed by the Central Bank of Nigeria, the national banking regulator.

Overview

The bank commenced operations in 1989. It is a universal bank that provides wholesale, retail, corporate, investment and transaction banking services to clients in the Nigerian market. The bank has divided its operations into three main divisions: (a) Retail Banking, (b) Wholesale Banking and (c) Finance and Financial Institution Group. The bank also provides capital markets and investment banking services. During the fourth quarter of 2011, Ecobank Nigeria, through its parent company, Ecobank Transnational Inc. ( ETI) acquired a 100% stake in Oceanic Bank, creating the enlarged Ecobank Nigeria Limited. As of December 2011, the enlarged Ecobank Nigeria controlled total assets valued at approximately $8.10 billion (NGN: 1.32 trillion), making it one of the top five banks in Nigeria at the time. At the time, the bank had 610 independent branches, making it the second largest bank in the country by branch network.

Ecobank Network

Ecobank Nigeria is a member of Ecobank, a leading independent pan-African bank headquartered in Lomé, Togo, with branches in West, Central and East Africa. Established in 1985, Ecobank has grown into a network of more than 1,000 branches employing more than 10,000 people, with locations in Benin, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Republic of Congo, 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 has a banking subsidiary in Paris and representative offices in Johannesburg, Dubai and London.

Parent company

Ecobank Transnational Inc. ( ETI) is the parent company of the Ecobank Group, which includes the following specialized subsidiaries:

• Ecobank Development Corporation (EDC) - Lomé, Côte d'Ivoire
• EDC Investment Corporation - Abidjan, Côte d'Ivoire
• EDC Investment Corporation - Douala, Cameroon
• EDC Limited Securities - Lagos, Nigeria
• EDC Stockbrokers Limited - Accra, Ghana
• Ecobank Asset Management - Abidjan, Côte d'Ivoire
• e-Process International SA - Lomé, Togo
• Li > ECV Servicios - Playa, Cape Verde

ETI's shares are traded on three African stock exchanges: the Ghana Stock Exchange (GSE), the Nigerian Stock Exchange (NSE), and the BRVM Stock Exchange in Abidjan, Côte d'Ivoire.

Branch Network

Expanded Ecobank Nigeria Limited as of December 2011. It is expected to have more than 600 branches in all regions of the Federal Republic of Nigeria following the merger of Oceanic Bank.

See

• Bank Portal
• List of banks in Nigeria
• Nigerian Economy
• Ecobank Ghana
• Ecobank Uganda
• Ecobank Zimbabwe
• List of banks in Africa.