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.
Stanbic Bank Zimbabwe is a member of Standard Bank Group, which operates out of 20 countries in Africa and 12 in other parts of the world.
We focus on connecting other selected emerging markets to Africa and to each other, applying our sector expertise, particularly in natural resources, globally. Our key differentiator is people who are passionate about our strategy, wherever in the world they are based.
Stanbic Bank Zimbabwe's three main pillars of business are Personal & Business Banking, Corporate & Investment Banking, and Wealth Creation.
CBZ Holdings is a financial services Group, listed on the Zimbabwe Stock Exchange. We have 9 subsidiaries namely CBZ Bank, CBZ Capital, Datvest, CBZ Life, CBZ Agro-Yield, CBZ Risk Advisory, CBZ Properties, CBZ Insurance and CBZ Red Sphere Finance.
We are there to bring convenience to our clients through innovation, efficient service delivery, competence and flexibility whilst adhering to principles of integrity, transparency and fairness.
We are your Partners For Success!
Get contact details of over 700M profiles across 60M
companies – all with industry-leading accuracy. Sales and Recruiter users, try out our
Email Finder Extension.
Find business and personal emails and mobile phone numbers
with exclusive coverage across niche job titles, industries, and more
for unparalleled targeting. Also
available via our
Contact Data API.