Ecobank Ghana is a

commercial bank A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with ...

Ghana Ghana (; tw, Gaana, ee, Gana), officially the Republic of Ghana, is a country in West Africa. It abuts the Gulf of Guinea and the Atlantic Ocean to the south, sharing borders with Ivory Coast in the west, Burkina Faso in the north, and Tog ...

. It is one of the commercial banks licensed by the

Bank of Ghana The Bank of Ghana ( BoG) is the central bank of Ghana. It is located in Accra and was formed in 1957. The bank is active in developing financial inclusion policy and is a member of thAlliance for Financial Inclusion History The Central Bank ...

, the national banking regulator.

Overview

EBG is a member of the Pan-African

Ecobank Ecobank, whose official name is Ecobank Transnational Inc. (ETI), is a pan-African banking conglomerate, with banking operations in 36 African countries. It is the leading independent regional banking group in West Africa and Central Africa, se ...

chain which operates in thirty two (32) countries. The stock of Ecobank Ghana is listed on the

Ghana Stock Exchange The Ghana Stock Exchange (GSE) is the principal stock exchange of Ghana. The exchange was incorporated in July 1989 with trading commencing in 1990. It currently lists 42 equities (from 37 companies) and 2 corporate bonds. All types of securiti ...

, where its shares are traded under the symbol EGH. The bank is a fully networked commercial bank in

with branches (total of 77 as of December 2016) in almost all regions of the nation.

History

The bank was formed in 1990. In December 2011, Bank of Ghana, the

central bank A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a centra ...

of the country, which also functions as the national banking regulator, gave approval for

Ecobank Transnational Ecobank, whose official name is Ecobank Transnational Inc. (ETI), is a pan-African banking conglomerate, with banking operations in 36 African countries. It is the leading independent regional banking group in West Africa and Central Africa, se ...

to acquire 100% interest in

The Trust Bank The Trust Bank Limited, commonly known as The Trust Bank (TTB), is a commercial bank in Ghana. It is one of the twenty-seven (27) commercial banks licensed by the Bank of Ghana, the banking regulator in the country. Overview TTB is a medium-siz ...

(TTB), another licensed commercial bank. At the time, the total asset valuation of TTB was approximately US$119 million (GH¢ 220 million). Ecobank has successfully merged TTB and EBG. The new bank is known as Ecobank Ghana Limited.

Awards

CIMG Elite Category Hall of Fame (Under 10 Years) - 2019

References

External links

Ecobank Transnational Website
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Ecobank Ghana at Africanselect
{{Economy of Ghana Banks of Ghana Companies based in Accra Banks established in 1990 Ghanaian companies established in 1990 Companies listed on the Ghana Stock Exchange

Overview

History

Awards

See also

References

External links