Ecobank Ghana Wins Another Award

 

By Toma Imirhe

Ecobank Ghana, having been voted Bank of the Year, Best Bank in Financial

Performance, Best Bank in Competitive Pricing and first runner-up in Corporate

Banking at the recently held 2012 edition of the Ghana Banking Awards, has also

been voted Best Bank in Ghana by the London based emeafinance magazine.

Emeafinance is the leading specialist magazine covering Europe, the Middle East

and Africa’s financial industries and markets.

Ecobank Ghana’s Best Bank in Ghana award was in recognition of the bank’s

unmatched quantum leap in financial performance, based on its sharp growth in

balance sheet size, revenues and profits in 2012, a year in which it successfully

merged with erstwhile The Trust Bank to become Ghana’s biggest bank in terms of

total assets, shareholders funds, deposits loan portfolio, total income and profits.

Indeed the award citation described the merger as a “transformational deal that

made Ecobank the biggest bank in the country, taking its branch network to 78 and

its ATM network to more than 160.

Instructively Ecobank has been adjudged Bank of the Year at six times out of the

12 times the Ghana Banking Awards have been held.

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