Ecobank (GSE: ETI, NSE: ETI, BRVM: ETIT), the leading pan-African bank with operations in 36 countries across the continent, was named the World’s Best Trade Finance Banks for the African regions, by Global Finance magazine.
The editors of Global Finance selected the best trade finance providers based on input from industry analysts, corporate executives and technology experts.
In addition, a poll of Global Finance’s readership was conducted in order to increase the accuracy and reliability of the results.
Criteria for choosing the winners included: transaction volume, scope of global coverage, customer service, competitive pricing and innovative technologies.
Commenting on the award, Mr Ehouman Kassi, the EAC Cluster Managing Director for the Ecobank Group said: “The recognition we are seeing today from Global Finance just underscores our unrivaled network advantage across Africa. Operating across 36 countries, 3 time zones, multiple currencies and different regulatory regimes is no mean achievement. That said, with almost a generation of experience across Africa, we have redefined pan-African banking with trade flavour.”
In Tanzania, where Ecobank started operations in 2010 and has since grown to include 9 branches across the country, the bank’s Managing Director Enoch Osei-Safo pointed out: “The customers have spoken! Be that as it may, we are humbled by this recognition as the “bank of choice” for trade finance across Africa. We thank our numerous customers and all the stakeholders who have made this happen. For 2015, we would build on this momentum and offer our customers more options bundled with advisory services”.
The award were revealed at the BAFT Europe Bank to Bank Forum in Amsterdam. The full survey will be published in the February 2015 issue of the magazine.