Ecobank Côte d'Ivoire named "Best Foreign Trade Finance Bank" by Global Finance

Ecobank Côte d’Ivoire named “Best Foreign Trade Finance Bank” by Global Finance

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(ECOBANK) – The award was presented to Ecobank Côte d’Ivoire following a multi-stage evaluation process that included applications from banks and financial providers, as well as input from industry analysts, executives companies, technology experts and independent researchers. The jury was also based on criteria such as: the volume of transactions, the extent of global coverage, customer service, the competitiveness of the rates applied and technological innovation.

A leading player in the very competitive sector of the Ivorian banking environment, Ecobank stood out among more than twenty establishments representing a hundred countries. The Ivorian bank thus received the prize for the Best Foreign Trade Financing Bank.

Indeed, between 2021-2022, trade financing operations have made it possible to support through a credit mobilization line of up to CFA 10 billion.

For example, this system facilitated the marketing of electricity between an Ivorian company and Mali on a regular basis. This approach has thus enabled the various parties, the Ivorian distributor and the Malian customer, to supply electricity to the population and contribute to the development of local economies.

Ecobank is strengthening its position as a pan-African bank by contributing to the continent’s economic development and financial integration.

Ecobank Côte d’Ivoire, despite a year still marked by the aftermath of the health crisis, has been able to meet the objectives it has set itself by continuing to provide its support and confirm its commitment to large companies as well as to small and medium-sized companies. Ivorian companies in terms of financing. Indeed, it is only in this way that the latter will be able to participate in the growth of inter-regional and intra-African trade. This distinction confirms Ecobank’s positioning as a pan-African financial institution. confirms Paul-Harry Aithnard, Managing Director of Ecobank Côte d’Ivoire and Regional Director of WAEMU.

About Ecobank Ivory Coast

Ecobank Côte d’Ivoire is a subsidiary of the Ecobank Group, the first independent pan-African banking group. The Ecobank Group employs approximately 13,000 people serving more than 32 million customers in the retail, commercial and wholesale banking sectors in 35 African countries. The Group has a banking license in France and has representative offices in Addis Ababa in Ethiopia, Johannesburg in South Africa, Beijing in China, London in the United Kingdom and Dubai in the United Arab Emirates. The Group offers a full range of banking products, services and solutions including bank and deposit accounts, cash management, advisory, trading operations, securities trading and wealth management. ETI is listed on several stock exchanges, namely the Nigerian Stock Exchange in Lagos, the Ghana Stock Exchange in Accra and the Bourse Régionale des Valeurs Mobilières in Abidjan.

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