About Ecobank
Ecobank is a company based in Lome (Togo) founded in 1985 by Adeyemi Lawson. Ecobank has raised $7.05 million across 11 funding rounds from investors including Africa Finance Corporation, Afreximbank and FMO. The company has 14,560 employees as of December 31, 2024. Ecobank has completed 2 acquisitions, including Oceanic Bank and Oceanic Bank Nigeria. Ecobank operates in a competitive market with competitors including Scotiabank, Orabank, Kreissparkasse Biberach, The ECOWAS Bank for Investment and Development and Fidelity Bank, among others.
- Headquarter Lome, Togo
- Employees 14560 as on 31 Dec, 2024
- Founders Adeyemi Lawson
- Stage Public
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Sectors
Financial Services
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Ecobank Transnational, Inc.
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Annual Revenue
$4820 B0as on Dec 31, 2025
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Net Profit
$668 B0as on Dec 31, 2025
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EBITDA
Not available
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Total Equity Funding
$7.05 M (USD)
in 11 rounds
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Latest Funding Round
$250 M (USD), Debt – Conventional
Mar 12, 2024
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Investors
Africa Finance Corporation
& 13 more
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Employee Count
14560
as on Dec 31, 2024
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Investments & Acquisitions
Oceanic Bank
& 1 more
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IPO & Listings of Ecobank
Ecobank is a publicly listed company on the NSENG with ticker symbol ETI in Nigeria, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
People of Ecobank
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Software Development Team
39 people
Leadership Team
23 people
Finance and Accounting
12 people
Group Team
8 people
Legal and Compliance
6 people
Head Team
5 people
Senior Team
4 people
Data Analysis and Operations Team
4 people
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Funding Insights of Ecobank
Ecobank has successfully raised a total of $7.05M across 11 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $250 million completed in March 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Ecobank
Ecobank has secured backing from 14 investors, including institutional and venture fund investors. Prominent investors backing the company include Africa Finance Corporation, Afreximbank and FMO.
| Investor | Description | Founded Year | Domain | Location |
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Private equity and debt investments are managed across Africa.
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Locked | Locked | Locked | |
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Development financing is provided for entrepreneurial ventures in emerging markets.
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Locked | Locked | Locked | |
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An African-focused asset management firm established in 2008.
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Locked | Locked | Locked |
Investor details for Ecobank
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by Ecobank
Ecobank has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Oceanic Bank and Oceanic Bank Nigeria.
Investment portfolio details for Ecobank
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- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Commercial banking services are provided to clients in Nigeria.
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Locked | Locked | 2010 | Locked | |
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Commercial banking services are provided throughout Nigeria.
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Locked | Locked | 1990 | Locked |
Complete acquisition details for Ecobank
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Financial Statements - Ecobank
Detailed financials for Ecobank
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- Profit trends
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Ecobank Comparisons
Peer comparison for Ecobank
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Competitors of Ecobank
Ecobank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Scotiabank, Orabank, Kreissparkasse Biberach, The ECOWAS Bank for Investment and Development and Fidelity Bank, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Commercial banking services are provided internationally by Scotiabank.
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Commercial banking services are provided in Benin since 1988.
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| Locked | Locked | Locked |
Provides retail and business banking services with online platforms and financial products.
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| Locked | Locked | Locked |
Operates as a commercial bank providing deposits, loans, and payment services to customers.
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| Locked | Locked | Locked |
Commercial banking services are provided to clients in Nigeria.
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Detailed competitors of Ecobank
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Latest news on Ecobank
Complete news archive for Ecobank
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- Brand-specific news history
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Frequently Asked Questions about Ecobank
Ecobank was founded in 1985 and raised its 1st funding round 13 years after it was founded.
Ecobank is headquartered in Lome, Togo.
Albert Essien is the current CEO of Ecobank.
Ecobank is a funded company, having raised a total of $7.05M across 11 funding rounds to date.
As of Dec 31, 2024, the latest employee count at Ecobank is 14,560.
Ecobank was founded in 1985 in Lome, Togo, as a commercial bank focused on financial services. Operations span multiple countries in Africa, with core activities including retail and corporate banking, loans, deposits, and payment solutions. Leadership is provided by co-CEOs Albert Essien and Ade Ayeyemi, alongside co-founder Adeyemi Lawson. The institution supports economic development through accessible banking infrastructure in the region.
Ecobank's top competitors include Scotiabank, Fidelity Bank and Orabank.
Yes, Ecobank is publicly traded on NSENG under the ticker symbol ETI.
Ecobank has made 2 acquisitions, including Oceanic Bank, and Oceanic Bank Nigeria.
Ecobank has 14 investors. Key investors include Africa Finance Corporation, Afreximbank, FMO, Swedfund, and Proparco.
The ticker symbol of Ecobank is ETI on NSENG.