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Ecobank Transnational Incorporated

Region and country of operations: Sub-Saharan Africa, Togo
Jurisdiction of registration: Togo
Business sector: Bank

Date of agreement (month/year): 2/2020
Finnfund’s financing: USD 20,000,000
Share of Finnfund’s financing: 16%
Instrument: Loan
Size of project/financing: USD 125,000,000
Environmental and social category: A

Project description

Ecobank has requested Credit Bank Europe to arrange a USD 125 million one year term loan facility to be used for trade financing and general corporate purposes. Finnfund’s funds will be allocated for trade financing and SME financing.

Founded in 1985 and headquartered in Lomé, Togo, Ecobank provides consumer and commercial banking, corporate and investment banking to over 20 million customers, ranging from individuals, small and medium-sized enterprises, regional and multinational corporations, financial institutions, international organisations and governments.

Ecobank is present in 36 African countries.

Main development impact

Additionality to trade financing and SME-financing. Growth targets of Ecobank, new mobile and digital products and delivery channels support the financial inclusion of the unbanked population.

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