Ecobank (www.Ecobank.com), the leading pan-African banking group, has been named ‘Best Trade Finance Bank in West Africa’ at the Global Trade Review’s prestigious Leaders in Trade awards. The award comes in recognition of Ecobank’s solutions for domestic and regional supply chain finance across key trade corridors as well as the bank’s arranger roles and participation in financing major commodity campaigns. base across West Africa, covering notably cotton, cocoa, soybeans and cashew nuts.
Ecobank’s offerings are complemented by our state-of-the-art e-commerce module under the Omni Plus platform. Our products are positioned to help both our corporate and investment banking clients and SMEs take advantage of opportunities in the African Continental Free Trade Area and expand intra-African trade. The judges also recognized Ecobank’s Trade Services solutions, which led the bank to secure a significant market share in letters of credit across the continent, leveraging its Paris-based subsidiary, Ecobank International, to confirmations, payments and discounts.
Souleymane Diagne, Group Head, Trade Finance, Ecobank, said: “As the pan-African bank with the largest presence on the continent, one of Ecobank’s key ambitions is to be the preferred commercial 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 is a welcome recognition of the impact we have through our suite of trade products and solutions, which includes structured trade and commodity finance, trade services and supply chain finance. ‘supply. For our customers and partners in West Africa and throughout Sub-Saharan AfricaWe are determined to continue to deliver value through our multi-currency commerce and payments solutions, leveraging our African expertise and network advantage.
Ecobank works closely with its clients and leverages partners inside and outside of Africa to examine key aspects of transaction dynamics, including settlement, funding, mitigation risks, credit enhancement, syndications and applicable regulations.
In their decision to declare Ecobank the best trade finance bank in West Africa, the Global Trade Review judges considered Ecobank’s full range of products, services, impact and trade performance in the structured trade and commodity finance, supply chain finance and digital trade channels, in each of the 15 West African countries in which Ecobank operates.
The announcement of the award was made at Global Trade Review’s annual awards ceremony held in London last month.
Distributed by APO Group for Ecobank.
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About Ecobank Transnational Incorporated (“ETI” or “The Group”):
Ecobank Transnational Incorporated (“ETI”) is the parent company of Ecobank Group, the leading independent pan-African banking group. The Ecobank Group employs approximately 13,000 people and serves more than 32 million customers across the personal, corporate and corporate sectors in 33 African countries. The Group has a banking license in France and representative offices in Addis Ababa, Ethiopia; Johannesburg, South Africa; Beijing, China; London, UK and Dubai, UAE. The Group offers a full range of banking products, services and solutions, including digital, but not limited to, bank and deposit accounts, lending, cash management, advisory, trading, securities, wealth and asset management. ETI is listed on the Nigeria Stock Exchange in Lagos, the Ghana Stock Exchange in Accra and the Bourse Régionale des Valeurs Mobilières in Abidjan. For more information, visit www.Ecobank.com
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