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Ecobank Ghana PLC is a commercial bank in Ghana. It is one of the commercial banks licensed by the Bank of Ghana , the national banking regulator. [ 2 ] In 2022, the bank retained its position as the largest bank in Ghana in the 2023 Ghana Banking Survey by PricewaterhouseCoopers (PwC) . [ 3 ]
Ecobank, whose official name is Ecobank Transnational Inc. (ETI), is a pan-African banking conglomerate, with banking operations in 33 African countries. It is the leading independent regional banking group in West Africa and Central Africa , serving wholesale and retail customers.
Consolidated Bank Ghana Limited, state-owned; Ecobank Ghana PLC, part of Ecobank Group; FBNBank (Ghana) Limited, part of First Bank of Nigeria Group; Fidelity Bank Ghana Limited; First Atlantic Bank Limited; First National Bank (Ghana) Limited, part of FirstRand Group; GCB Bank PLC, majority state-owned; Guaranty Trust Bank (Ghana) Limited ...
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In a report issued by PwC Ghana, a member of PricewaterhouseCoopers International Limited indicated GCB Bank as part of the Top 7 banks in Ghana controlling 56.3% of the market share with the bank representing 8.7%. [7] At the 28th Annual General Meeting (AGM), GCB Bank posted a profit of GH¢831.9m before tax for the year 2021. [8]
The bank offers universal banking services to institutional, corporate, commercial, and retail customers, across Ghana. As of December 2023, Access Bank Ghana had total assets of GHS:12.3 billion (US$812 million), with shareholders' equity of GHS:1.613 billion (US$106.5 million). [3]
In September 2017, the Bank of Ghana directed all universal banks in Ghana to raise their minimum capital reserves from GHS:120 million (US$22.8 million) to GHS:400 million (US$73.4 million). Five banks that failed to meet the minimum requirements were merged, namely Construction Bank, The Beige Bank, The Royal Bank, UniBank and Sovereign Bank.
Ecobank Nigeria is a member of Ecobank, the leading independent pan-African bank, headquartered in Lomé, Togo, with affiliates in West, Central and East Africa.Ecobank, which was established in 1985, has grown to a network of over 1,000 branches, employing over 10,000 people, with offices in 32 countries including Benin, Burkina Faso, Burundi, Cameroon, Cape Verde, the Central African ...