The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.



Ecobank Transnational, which has its headquarters in Lomé, Togo, and operates in 12 markets throughout West Africa, continues to post impressive growth. In 2003, its network expanded to 88 branches with the opening of 10 new outlets, and employee numbers rose from 1,670 to 1,726.

Total revenue for 2003 (the latest year for which figures are available) was up 34% to $157 million and pre-tax profit reached $84 million, up 60%. On a post-tax basis, profits increased by 82% to $30 million, a new record for the group. Ecobank reports that its priorities are to continue to improve the services it offers its customers through investment in its IT subsidiary, eProcess International, the launch of an internet bank and the expansion of an ATM network.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree