The Latest

Ecobank Group Reports Staggering Growth for 2012

April 1, 2013
1 minute read

The leading Pan-African banking group, Ecobank has announced its growth for 2012 and the figures represent Ecobank’s zealous financial performance in its 25 year operation as a banking conglomerate.

According to Ecobank Financial Report, Ecobank total revenue for 2012 peaked an impressive 1.8 billion USD with 348 million USD in profits.

The financial growth of the bank is highlighted by their net income advancing 39% to 286.7 million USD from 206.8 million USD in 2011, pre-tax profits rose by 25% to 348 million USD from 277.4 million USD in 2011 and revenues hit staggering growth of 46 % to 1.8 billion USD from 1.2 billion USD in 2011.

Tanzania Investment Guide 2026 Free Edition

Laurence do Rego, Ecobank’s Group Executive Director, Finance and Risk, said “Ecobank is strategically positioned to capture much of Africa’s organic growth, whilst our diversified business model is designed to mitigate risk. We are now focused on maximizing the returns from our unique platform via acentralized approach to cost and risk management.”

Ecobank Tanzania has commenced operation in Dar es Salaam since 2010 and has made major strides in East Africa’s emerging market where the banking sector is one of the most competitive in the region.

In a recent interview with Ecobank Tanzania Managing Director Enoch Osei-Safo, he shared insights on Ecobanks role and success in the Tanzanian market.

“Tanzania as an emerging market attracting high volumes of both local and foreign investment and is greatly in need of [broad-based banking]synergized service offering and that is the need that Ecobank is responding to.”

Read more from the recent interview with Ecobank Tanzania Managing Director Enoch Osei-Safo

TanzaniaInvest Capital Markets Report Banner

Want to know more about Banking in Tanzania? Our free overview of the Tanzania Business and Investment Guide 2026 covers Banking, plus key sectors and investment opportunities. The complete 141-page edition includes policies, taxation, key regulations, full macroeconomic data, and sources, and is also available at no cost upon completion of a short form.

Download Free OverviewGet the Full Edition for Free
Tweet
Share
Share
Share
Related Posts
Bank of Tanzania IFC Agreement SME credit access
Read More

IFC and BOT Sign Agreement to Expand SME Credit Access

The International Finance Corporation (IFC) and the Bank of Tanzania (BOT) will strengthen credit reporting and expand access to finance for SMEs, including women-owned and youth-led businesses. IFC will provide technical expertise to strengthen credit information systems and explore using alternative data in credit assessments.
Tanzania Khamis Mussa Omar Parliament bunge
Read More

Tanzania Tables Bill to Let Banks Accept Movable Assets as Loan Collateral, Targets 50% Credit-to-GDP by 2030

Tanzania's Minister for Finance, Ambassador Khamis Mussa Omar, tabled a Bill in the National Assembly in Dodoma that would let banks accept movable assets as loan collateral, creating a legal framework for registering, managing and enforcing such security interests instead of relying predominantly on land and buildings. The Bill targets an increase in private sector credit-to-GDP from 22.5% in 2024 to 50% by 2030, banking service usage from 22% in 2023 to 50% by 2030, and the financial sector's contribution to economic activity from 17.1% in 2024 to 20% by 2030.

Want to know more about investing in Tanzania? Our free overview of the Tanzania Business and Investment Guide 2026 covers the economy, key sectors and investment opportunities. The complete 141-page edition, which includes policies, taxation, key regulations, full macroeconomic data and sources, is also available at no cost upon completion of a short form.

Download Free Overview Get the Full Edition for Free