Bison Bank Competitors

África, uma história de cada vez. É o nosso compromisso contribuir de forma positiva para o crescimento de Moçambique, porque #asuahistóriaconta. Saiba mais em absa.co.mz

Ecobank Transnational Incorporated (ETI), a public limited liability company, was established as a bank holding company in 1985 under a private sector initiative spearheaded by the Federation of West African Chambers of Commerce and Industry with the support of the Economic Community of West African States (ECOWAS). In the early 1980’s foreign and state-owned banks dominated the banking industry in West Africa. Commercial banks in West Africa owned and managed by the African private sector were a rarity. Its founders created ETI with the objective of filling this vacuum. The Federation of West African Chambers of Commerce promoted and initiated a project to create a private, regional banking institution in West Africa. In 1984, Ecopromotions S.A. was incorporated. Its founding shareholders raised seed capital for feasibility studies and the promotional activities leading to the creation of ETI. In October 1985, ETI was incorporated with authorised capital of US$100 million. The initial paid up capital of US$32 million was raised from over 1,500 individuals and institutions from West African countries. The largest shareholder was the ECOWAS Fund for Cooperation, Compensation and Development (ECOWAS Fund), the development finance arm of ECOWAS. Ecobank signed a Headquarters’ Agreement with the Government of Togo in 1985, which granted it the status of an international organisation. This status came with the rights and privileges necessary for ETI to operate as a regional institution, including the status of a non-resident financial institution. ETI commenced operations with its first subsidiary in Togo in March 1988.

FNB Moçambique S.A, subsidiary of FirstRand Group, established in Mozambique since 2007 when it acquired Banco de Desenvolvimento e Comércio (BDC). FNB Moçambique (FNBM) is a Corporate and Investment Bank involved in financial services activities also including Commercial and Retail Banking solutions. These include Leasing and Asset Finance, Transactional and Trading solutions, Short-Term Insurance, and Employee Group Schemes. We operate through a network of 15 branches across 8 provinces in the country, more than 40 FNB ATMs, about 1170 SIMO ATMs, including several ADTs and Point of Sale terminals. Our superior services are complemented by various electronic payments services: Online Banking platform, Cash collection solutions, Host to Host integration to our Corporate client’s financial systems, Reference validation reconciled payments, Cell phone and ATM payments. A strong customer focused culture and independent banking system that helps us tailor make products and solutions to clients’ needs and accessible to all. How can we help you?