Ecobank Ghana

Ecobank Ghana
Public limited company
Traded as GSE: EGH
Industry Financial Services
Founded 1990
Headquarters Accra, Greater Accra, Ghana
Key people
 Terence Ronald Darko (Chairman)
Daniel Sackey (Managing Director)[1]
Products Loans, Savings, Investments, Debit Cards, Credit Cards, Mortgages
Total assets GH¢ 8.06 billion (2016)
Number of employees
 1,617
Website Homepage
Ecobank in Kumasi

Ecobank Ghana is a commercial bank in Ghana. It is one of the commercial banks licensed by the Bank of Ghana, the national banking regulator.[2]

Overview

EBG is a member of the Pan-African Ecobank chain which operates in thirty two (32) countries. The stock of Ecobank Ghana is listed on the Ghana Stock Exchange, where its shares are traded under the symbol EGH. The bank is a fully networked commercial bank in Ghana with branches (total of 77 as of December 2016) in almost all regions of the nation.[1]

History

The bank was formed in 1990. In December 2011, Bank of Ghana, the central bank of the country, which also functions as the national banking regulator, gave approval for Ecobank Transnational to acquire 100% interest in The Trust Bank (TTB), another licensed commercial bank. At the time, the total asset valuation of TTB was approximately US$119 million (GH¢ 220 million).[3] Ecobank has successfully merged TTB and EBG. The new bank is known as Ecobank Ghana Limited.

See also

References

  1. 1 2 Ecobank Ghana Limited (EGH) Stock Quote
  2. ↑ Administrator. "Licensed Banks". www.bog.gov.gh. Retrieved 2017-08-17.
  3. ↑ "Bank of Ghana approves ECOBANK's takeover of TTB". ModernGhana.com. Retrieved 2017-08-17.
  • Ecobank Transnational Website
  • "Ecobank Ghana 2008 annual report". African Financials.
  • Ecobank Ghana at Africanselect
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