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. 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 14,560
- Founders Adeyemi Lawson
- Stage Public
- SectorsFinancial Services
- Website category Finance · Banking Credit and Lending
- Email••••••••
- Phone•••• ••••
- Website ecobank.com/personal-banking
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Ecobank Transnational, Inc.
- Annual Revenue$4890 B0as on Dec 31, 2025
- Net Profit$626.02 B26.73as on Dec 31, 2025
- Total Equity Funding$7.05M (USD)
in 11 rounds
- Latest Funding Round$250M (USD), Debt – Conventional
Mar 2024
- InvestorsAfrica Finance Corporation
& 13 more
- Employee Count14,560
- Investments & AcquisitionsOceanic Bank
& 1 more
Apps and channels of Ecobank
Ecobank publishes 1 mobile app with over 5M+ downloads; its YouTube channel Ecobank Group has 9.76K subscribers and 30 videos.
Videos from Ecobank
The most watched videos on Ecobank's YouTube channel, Ecobank Group (9.76K subscribers). Click a video to play it here.
More on Ecobank Group.
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.
- Total Funding $7.05M
- Total Rounds 11
- Last Round Debt – Conventional — $250M
- First Round $7.05M
(Jun 1998)
- Investors Count 14
Latest 10 of 11 funding rounds of Ecobank with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2024 | $250M | Debt – Conventional | – | – | |
| Sep 2021 | $75M | Post-IPO | – | – | |
| Apr 2019 | $450M | Debt – Conventional | – | – | – |
| Nov 2018 | $200M | Debt – Conventional | – | – | |
| Dec 2017 | – | Post-IPO | – | – | |
| Oct 2015 | $75M | Debt – Venture | – | – | |
| Oct 2014 | – | Post-IPO | – | – | |
| Jul 2012 | $100M | Post-IPO | – | – | |
| Jun 2012 | $19.29M | Debt – Conventional | – | – | |
| Jul 2010 | $14M | Post-IPO | – | – |
14 investors in total: 14 institutional.
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 |
|---|---|---|---|---|
Private equity and debt investments are managed across Africa. | – | ariseinvest.com | Cape Town, South Africa | |
Development financing is provided for entrepreneurial ventures in emerging markets. | 1970 | fmo.nl | The Hague, Netherlands | |
An African-focused asset management firm established in 2008. | 2008 | enkocapital.com | London, United Kingdom | |
- | – | amethis.com | - | |
Private equity firm focused on growth equities | – | deginvest.de | Cologne, Germany | |
Early-stage SMEs are invested in by government-operated Swedfund. | 1979 | swedfund.se | Stockholm, Sweden | |
Capital is mobilized and invested in sustainable emerging market companies. | – | ifcamc.org | Washington, Dc, United States | |
Economic development investments are financed through specialized solutions by Proparco. | 1977 | proparco.fr | Paris, France | |
Private equity and funds of funds | – | bio-invest.be | Brussels, Belgium | |
AFIG Funds is focused on private equity investments in Africa. | – | afigfunds.com | Port Louis, Mauritius |
Investor details for Ecobank
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Ecobank
143 people are tracked at Ecobank (60 in leadership, 13 in board & advisors, 70 in team); the tracked headcount is 14,560.
| Name | Role | Group |
|---|---|---|
Adeyemi Lawson | Co-Founder | Leadership |
Albert Essien | Co-CEO | Leadership |
Ade Ayeyemi | Co-CEO | Leadership |
Jeremy Awori | Group CEO | Leadership |
Ayo Adepoju | CFO | Leadership |
Sunday Inyang | Branch Business Head | Leadership |
Saliou Diagne | Head Of Treasury - International | Leadership |
Nana Araba Abban | Head, Group Consumer Banking | Leadership |
Paul-Henri Weil | Group Head Of Structuring And Client Solutions | Leadership |
Bunmi Bajomo | Head Group Corporate Bank & Chief Operating Officer, Corporate & Investment Bank | Leadership |
Madibinet Cisse | Group Head, Legal & Company Secretary & Group Counsel | Leadership |
Nvalaye Kourouma | Group Chief Digital Officer | Leadership |
Joe Mbulu | Chief Business Optimization Officer & Head, Strategic Projects | Leadership |
Ben Andoh | Group Head Business Risk, Governance & Assurance | Leadership |
Isaac Kamuta | Group Head: Cash Management & Client Access | Leadership |
Lazenet Kossi-Bella | Chief Financial Officer | Leadership |
Marcus Oladapo | Md/ceo EDC Securities Limited, Nigeria | Leadership |
Abiola Aderinola | CFO | Leadership |
Adekunbi O. | Branch Business Head | Leadership |
Souleymane Diagne | Group Head, Trade | Leadership |
123 more people are available in the full profile.
Complete people profiles for Ecobank
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Board tenure
- Professional contacts
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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.
- IPO date11 Sep 2006
- Listed onNGX: ETI
- Listed entityEcobank Transnational, Inc.
- Exchange sectorFinance
- ISINTG0000000132
- Share price67.00 NGN · 2026-10-09
- Market capitalisation1,207,163,994,141.00 NGN
- Price to earnings2.8
- EPS (diluted, trailing year)24.28 NGN
- Dividend yield3.24%
- Volume (last session)163,673
Financials of Ecobank
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 4,890.00B NGN | 626.02B NGN | – |
| 2024 | 4,180.00B NGN | 494.00B NGN | – |
| 2023 | 1,790.00B NGN | 183.82B NGN | – |
| 2022 | 1,060.00B NGN | 121.93B NGN | – |
| 2021 | 950.55B NGN | 107.50B NGN | – |
Detailed financial statements for Ecobank
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Commercial banking services are provided to clients in Nigeria. | oceanicbank.com | Abuja, Nigeria | 2010 | Oct 2011 | $355M | |
Commercial banking services are provided throughout Nigeria. | oceanicbanknigeria.com | Abuja, Nigeria | 1990 | Jul 2011 | $8.26B |
Complete acquisition details for Ecobank
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Timeline of Ecobank
6 dated milestones of Ecobank across 39 years, from founding to its latest funding, stage changes and deals.
- Founded Ecobank is founded.
- Funding First funding round of $7.0M.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Oceanic Bank Nigeria.
- Acquisition Acquires Oceanic Bank.
- Funding Latest funding round, Debt – Conventional, of $250.0M.
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 | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| scotiabank.com | 1832 | Toronto, Canada | – | 88,645 | Commercial banking services are provided internationally by Scotiabank. | |
| orabank.net | 1988 | Cotonou, Benin | – | – | Commercial banking services are provided in Benin since 1988. | |
| ksk-bc.de | 1853 | Biberach, Germany | – | – | Provides retail and business banking services with online platforms and financial products. | |
| bidc-ebid.com | 1975 | Lome, Togo | – | – | Operates as a commercial bank providing deposits, loans, and payment services to customers. | |
| fidelitybank.ng | 1988 | Lagos, Nigeria | – | – | Commercial banking services are provided to clients in Nigeria. | |
| btcinetonline.net | 2019 | Lome, Togo | – | – | Operates as a commercial bank offering deposits, loans, and payment services. | |
| nationalbankforindustry.com | 2020 | Lome, Togo | – | – | Operates as a commercial bank providing deposits, loans, and payment services to customers. |
Detailed competitors of Ecobank
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Ecobank
The website of Ecobank (ecobank.com) receives about 1.1M visits a month and ranks #32,664 among all websites worldwide, #2,090 in Banking Credit and Lending.
- Monthly visits1.1M
▼ 8.6% vs previous month
- Unique visitors278.2K
per month
- Global rank#32,664
among all websites
- Category rank#2,090
Finance · Banking Credit and Lending
- Bounce rate28%
- Pages per visit7.5
- Average visit4 min 26 sec
- DevicesDesktop 34% · Mobile 66%
Websites whose visitors overlap most with Ecobank. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
stanbic.com.gh | stanbic.com.gh | 100% | – | #216,678 | – |
| fidelitybank.com.gh | 92% | 151.2K | #381,827 | View details | |
| firstbanknigeria.com | 81% | 452.6K | #58,961 | View details | |
| cbd.ae | 79% | 335.1K | #104,069 | View details | |
citibank.ae | citibank.ae | 79% | – | #224,791 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 24 similar websites and full traffic analytics for Ecobank
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 24 similar websites
- Audience overlap
- Engagement analytics
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Verified entity values are shown only after access is granted.
Latest news on Ecobank
Complete news archive for Ecobank
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
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- Brand-specific news history
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Similar companies to Ecobank
10 companies that operate in the same segment as Ecobank (Banks), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Collateralised loans for commercial vehicles are extended to rural entrepreneurs. | 1996 | Jaipur, Rajasthan, India | USD 136.29 M | USD 2.3 B | 50,950 | |
Small finance services are extended to underserved segments in India. | 2005 | Bengaluru, Karnataka, India | USD 153.96 M | – | 21,203 | |
Commercial banking services are provided in the United Kingdom. | 2010 | London, England, United Kingdom | USD 564 M | USD 1.15 B | – | |
Microfinance banking services are offered in India by ESAF. | 1992 | Thrissur, Kerala, India | USD 111.83 M | USD 474.19 M | 12,520 | |
Wealth advisory and banking services are offered to clients. | 1872 | Charlotte, North Carolina, United States | USD 900 K | USD 881.26 M | 1,240 | |
Microfinance bank | 1999 | Bengaluru, Karnataka, India | USD 814.02 M | USD 670.62 M | 25,380 | |
Small finance bank offering savings accounts, deposits, and loan products | 2008 | Mumbai, Maharashtra, India | USD 110.94 M | USD 268.59 M | 8,650 | |
Commercial banking services are offered to individuals and businesses. | 2004 | Mumbai, Maharashtra, India | USD 4.63 M | USD 3.98 B | 28,690 | |
Provider of a commercial banking services | 1993 | Mumbai, Maharashtra, India | – | USD 17.37 B | 104,450 | |
Small finance bank | 2007 | Chennai, Tamil Nadu, India | USD 194.55 M | USD 840.3 M | 25,430 |
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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. The company's 1st funding round was a Post-IPO of $14M, raised on Jun 1998.
Ecobank has 14,560 employees.
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.
Yes. Ecobank publishes Ecobank Mobile App, with over 5 million downloads.
The website of Ecobank receives about 1.1 million visits a month and ranks #32,664 among all websites worldwide.