Ecobank to expand local footprint

Ecobank recently posted an impressive set of half-year results showing a strong return to profitability and significant growth in customers after two years of consolidation and realignment post the acquisition transaction
Ecobank recently posted an impressive set of half-year results showing a strong return to profitability and significant growth in customers after two years of consolidation and realignment post the acquisition transaction

ECOBANK Zimbabwe plans to expand its footprint in the country next year by opening additional branches in Harare, Gweru and Masvingo amongst other key cities and towns to ensure countrywide coverage.
According to a communiqué, the expansion will be buttressed by the launch of new technologically driven banking solutions that will include a robust mobile wallet, a Pan African Card and Acceptance of VISA, MasterCard and China Union Pay cards to offer enhanced convenience, accessibility and affordability to customers in and outside Africa.

The bank commenced operations in 2011 with just three branches but has since grown this to 13 branches in Harare, Bulawayo, Chiredzi, Chitungwiza, Kwekwe and Mutare, following the addition of two more branches in Msasa and Graniteside in the last quarter of 2013.

“The opening of these additional branches is a testimony of our commitment to fulfilling the promises we have made to our customers when Ecobank invested in Zimbabwe two years ago, that of making banking reliable, accessible and affordable to our retail and corporate banking customers” said Ecobank managing director Mr Daniel Sackey.

He said Graniteside and Msasa are strategic industrial sites whose potential any bank cannot ignore and provide Ecobank with a platform to serve not only the industrial customers but passing traffic and retail customers in the industrial environs, which the bank desires to provide with a truly pan-African experience

Ecobank is a pan-African bank and a member of the Ecobank Transactional Incorporate headquartered in Togo with presence in over 33 African countries and representative offices in France, UK and China.

The bank recently posted an impressive set of half-year results showing a strong return to profitability and significant growth in customers after two years of consolidation and realignment post the acquisition transaction. — FinX

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