Sector: Finance

What

Ecobank is the leading pan-African banking group, with a presence in 36 African countries, in Paris, London, Dubai and Beijing.

Its vision is to build a world-class pan-African bank and to contribute to integration of Africa.

History / Past Achievements / Milestones

Back in 2007, Ecobank arrived to Rwanda, absorbing the operation of a local bank that at that time was bankrupted. From that moment, the efforts were focused on turning around around this bank, cleaning it up, retraining people and realign the business’ strategy.

Up to date, Ecobank has a very strong position in the Rwandan market and a very active participation on the growth of this country.

Key features / Current Projects

Through its two customer-centric business segments, Domestic Bank, Corporate and Investment Bank, Ecobank provides a full range of retail, wholesale, investment and transactional banking services.

With its Corporate and Investment Bank come financial solutions to global, regional and public corporates, financial institutions and international organizations; such as, pan-African lending, trade services, cash management, internet banking and value-chain finance. It also provides treasury, corporate finance, investment banking and securities plus asset management services.

Through its Domestic Bank, Ecobank Rwanda provides a full range of convenient, accessible, and reliable financial products and services to individuals, small businesses, local corporates and public sector organizations, using our extensive network of branches, ATMs and POS terminals which we gradually increase across Africa

Currently, Ecobank has three strategic priorities:

• Providing world-class customer service, embracing technology to offer convenient, accessible and reliable banking services,
• Building shareholder value by taking a long-term strategic view and monetizing our unique presence in Middle Africa,
• Becoming an employer of choice though attracting, retaining and growing Africa’s best talent.

Also, this bank believes it has a responsibility to be socially relevant to the communities that it serves, being strongly committed to sustainable development of the region and are a signatory of the Equator Principles, the UNEP Finance Initiative and the UN Global Compact.

Future

Ecobank offers all the required products in the sector and specializes in those with wider demand in the country. The first one would be its trade finance; as Rwanda is a country with lots of importations and also exports to sub-regions, Ecobank has a strong presence with the 40% of the marketship.

The second sector, the financial institutions to have long term resources in order to search for capital and be able to finance the needs of the small industry that is starting to develop in Rwanda such as construction materials, tea and coffee sector…

Finally, the third sector the bank is working on is agro processing. Due to the huge potential for agro processing it is easy to invest in the transaction industry and Ecobank is contributing to the development of this new area.  

Quote:

Rwanda is a land of opportunities; a well organized and structured country where it is easy to do business. Furthermore the system in Rwanda makes possible  to find people whose main purpose is helping investor to achieve their targets.

In Ecobank we have a wide and strong network within the African territory and abroad, so once investors are established in Rwanda they can make their collection and bank management easy. It is convenient and affordable to reach either clients or suppliers.