Ecobank to conquer Nigeria

02/08/2011
Ecobank to conquer Nigeria

Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group, the leading pan-African banking group, with headquarters in Togo announced  the signing of an agreement, on Tuesday, for execution of transactions with Oceanic Bank International Plc (Oceanic Bank), to acquire and recapitalize Oceanic Bank. 

The transaction provides for the merger of Oceanic Bank with Ecobank Nigeria to create a prime capital-intensive bank and thus becoming one of the major Nigerian banks, providing services to a wide range of large enterprise customers, players of the public sector and individuals throughout the Nigerian territory.

"This transaction will completely transform our business in Nigeria. Following the completion of the merger, the new banking entity will become a major player in the Nigerian market and allow us to meet the banking needs and aspirations of our growing and  important customer base in Nigeria in a better way" said Arnold Ekpé, the general manager of the Ecobank Group and member of the Togo Presidential Investment Advisory Council (TPIAC), the council for investment was created last March by President Faure Gnassingbé.

Commentaires

Loading comments ...

Loading comments ...

IL NE FALLAIT PAS MANQUER

Forêts : le Togo opte pour la convergence

Environnement

Le Togo adhère pleinement au plan de convergence pour la gestion et l’utilisation durables des écosystèmes forestières dans l'espace Cédéao.

Accompagner la décentralisation

Coopération

L’Union européenne et l’Allemagne vont financer pour 19 millions d’euros un programme de décentralisation et de gouvernance locale.

Talents maison

Culture

Le groupe Toofan et l’artiste Almok sont nominés pour l'Afrimma, une compétition qui récompense les meilleurs artistes d’Afrique.

Victoire de Prinz Lorenzo

Sport

Le boxeur togolais Prinz Lorenzo s'est imposé vendredi soir à Kara face au Bosniaque Milos Janjani.