Ecobank Named Finest Commerce Finance Financial institution In West Africa

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NNN: Ecobank (www.Ecobank.com), the main pan-African banking group, has been named “Finest Commerce Finance Financial institution in West Africa” ​​in World Commerce Overview’s prestigious Leaders in Commerce awards. The award is in recognition of Ecobank’s options for nationwide and regional provide chain finance in key commerce corridors, in addition to the financial institution’s organizing roles and involvement in financing key commodity campaigns in West Africa. , specifically, masking cotton, cocoa, soybeans and cashews.

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Ecobank provides are complemented by our state-of-the-art e-commerce module below the Omni Plus platform. Our merchandise are positioned to help each our Company and Funding Banking purchasers and SMEs to reap the benefits of the alternatives of the African Continental Free Commerce Space and the expansion of intra-African commerce. The judges additionally acknowledged Ecobank’s service provider companies options, which led the financial institution to command a big market share in letters of credit score throughout the continent, leveraging its Paris-based subsidiary, Ecobank Worldwide, for confirmations, funds and reductions.

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Souleymane Diagne, Group Director of Commerce Finance at Ecobank, mentioned: “As a pan-African financial institution with the most important presence throughout the continent, one in every of Ecobank’s major ambitions is to be the popular business financial institution for SMEs and corporates throughout Africa. We’re dedicated to enabling them to reap the benefits of the immense development alternatives fostered by the revolutionary African Continental Free Commerce Space. This award from World Commerce Overview gives welcome recognition of the affect we’re making by our suite of commerce merchandise and options, together with structured commerce and commodity finance, commerce companies and provide chain finance. For our prospects and companions in West Africa and all through Sub-Saharan Africa, we’re decided to proceed to ship worth by our multi-currency and business cost options, leveraging our African experience and community benefit.”

Ecobank works carefully with purchasers and depends on companions out and in of Africa to evaluate key features of transaction dynamics, together with settlement, financing, danger mitigation, credit score enhancement, syndications and relevant rules.

Of their choice to declare Ecobank the Finest Commerce Finance Financial institution in West Africa, World Commerce Overview judges took into consideration Ecobank’s full suite of commerce merchandise, companies, affect and efficiency in Structured Commerce Finance and Commodities, Provide Chain Finance and digital commerce channels, in every of the 15 West African international locations through which Ecobank operates.

The award announcement was made on the World Commerce Overview annual awards ceremony held in London final month.

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