Ecobank Transnational Incorporated, the pan-African banking group, has announced the opening of its Equatorial Guinea affiliate.
Ecobank Equatorial Guinea was issued a licence to operate as a credit institution in the country and became the 33rd affiliate of the group in Africa.
A statement by the bank on Friday quoted the Group Chief Executive Officer, Mr. Thierry Tanoh, as saying, “We are pleased that the authorities of Equatorial Guinea have issued Ecobank with a licence to operate as the fifth bank in the country and to support the development of the economy with access to financing.
“The addition of Ecobank Equatorial Guinea completes our presence in all the member states of the Monetary and Economic Community of Central Africa and highlights our leadership in the African banking sector and demonstrates our long-term commitment to the African continent.”
It also quoted the Deputy Chief Executive Officer, Ecobank Group, Mrs. Evelyne Tall, to have said, “We are particularly enthusiastic about Ecobank’s access to the Equato Guinea market and the opportunity to offer to our existing and potential clients our innovative and reliable products and services.
“Additionally, our presence in Equatorial Guinea will give the citizens access to Ecobank’s footprint across Africa.”
