ETI
ECOBANK TRANSNATIONAL INC.
ETI, a public limited liability company, was established as a bank holding company in 1985 under a private sector initiative spearheaded by the Federation of West African Chambers of Commerce and Industry, with the support of the (ECOWAS). In the early 1980s the banking industry in West Africa was dominated by foreign and state-owned banks. There were hardly any commercial banks in West Africa owned and managed by the African private sector. ETI was founded with the objective of filling this vacuum.
The Federation of West African Chambers of Commerce promoted and initiated a project for the creation of a private regional banking institution in West Africa. In 1984, Ecopromotions S.A. was incorporated. Its founding shareholders raised the seed capital for the feasibility studies and the promotional activities leading to the creation of ETI.
In October 1985, ETI was incorporated with an authorized capital of US$100 million. The initial paid up capital of US$32 million was raised from over 1,500 individuals and institutions from West African countries. The largest shareholder was the ECOWAS Fund for Cooperation, Compensation and Development (ECOWAS Fund), the development finance arm of ECOWAS. A Headquarters’ Agreement was signed with the government of Togo in 1985 which granted ETI the status of an international organization with the rights and privileges necessary for it to operate as a regional institution, including the status of a non-resident financial institution.
ETI has two specialized subsidiaries: Ecobank Development Corporation (EDC) and eProcess International (eProcess).
- ISIN Code: TG0000000132
- Issued Shares: 21,316,960
- Authorised Shares:800,000,000
- Registrars: Pricewater House Cooppers
- Location: 2365, Boulevard du Mono, Lome-Togo
- Address: BP 3261 Lome-Togo
- Telephone: +288 2210 303/+228 221 13168
- Fax: +228 221 5119
- Email: info@ecobank.com
- Website: www.ecobank.com
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