The prestigious Global Trade Review’s Leaders in Trade awards have named Ecobank (www.Ecobank.com), the top Pan-African Banking Group, “Best Trade Finance Bank in West Africa.” The award recognizes Ecobank’s domestic and regional supply chain financing solutions across key trade corridors, as well as the bank’s arranger roles and participation in key soft commodities campaign financing across West Africa, most notably cotton, cacao, soya beans, and cashew nuts.
Ecobank’s offerings are supplemented by our cutting-edge E-trade module available through the Omni Plus platform. Our products are designed to assist both our Corporate and Investment Banking and SME customers in capitalizing on the opportunities provided by the African Continental Free Trade Area and growing intra-African trade.
The judges also commended Ecobank for its Trade Services offerings, which helped the bank gain a sizeable market share in Letters of Credit across the continent by relying on its Paris-based affiliate, Ecobank International, for confirmations, payments, and discounts.
Souleymane Diagne, Group Head, Trade Finance, Ecobank, said: “As a Pan-African bank with the largest footprint across the continent, a major ambition of Ecobank is to be the preferred trade bank for SMEs and corporates across Africa. We are committed to enabling them to take advantage of the immense growth opportunities fostered by the game-changing African Continental Free Trade Area.
“This accolade from Global Trade Review provides welcome recognition of the impact we are making through our suite of trade products and solutions, which include Structured Trade and Commodity Finance, Trade Services and Supply Chain Finance. For our customers and partners in West Africa and throughout sub-Saharan Africa, we are resolved to continue delivering value through our trade and multi-currency payments solutions, leveraging on our African expertise and our network’s advantage.”
Ecobank collaborates closely with clients and partners both within and outside Africa to review key aspects of transaction dynamics such as settlement, financing, risk mitigation, credit enhancement, syndications, and applicable regulations.
Global Trade Review’s judges considered Ecobank’s full suite of trade products, services, impact, and performance across Structured Trade and Commodities Finance, Supply Chain Financing, and digital trade channels in each of the 15 West African countries in which Ecobank operates in their decision to name Ecobank Best Trade Finance Bank in West Africa.
The award was presented at Global Trade Review’s annual awards ceremony last month in London.
About Ecobank Transnational Incorporated (‘ETI’ or ‘The Group’):
Ecobank Transnational Incorporated (ETI) is the parent company of the Ecobank Group, Africa’s largest independent banking group. The Ecobank Group employs approximately 13,000 people and serves over 32 million customers across 33 African countries in the consumer, commercial, and corporate banking sectors. The Group holds a banking license in France and has offices in Addis Ababa, Ethiopia, Johannesburg, South Africa, Beijing, China, London, UK, and Dubai, UAE. The Group provides a comprehensive range of banking products, services, and solutions, including digital, such as bank and deposit accounts, loans, cash management, advisory, trade, securities, wealth, and asset management. ETI is listed on the Nigerian Stock Exchange in Lagos, the Ghana Stock Exchange in Accra, and the Bourse Régionale des Valeurs Mobilières in Abidjan. Please visit www.Ecobank.com for more information.