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Created before Nov 2016
Last update: 2021-09-17 12:12:27

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Ecobank's head office in Lomé,Togo. Photo: Google Earth/Streetview

About Ecobank

Ecobank Transnational was established in 1985. Ecobank, based in Togo, is a commercial bank operating in 36 African countries. The bank provides wholesale, retail, and investment banking services to governments, financial institutions, multinationals, SMEs and individuals. These services are delivered by three business segments: Corporate Bank, Domestic Bank and Ecobank Capital. Ecobank became a signatory to the Equator Principles in January 2012, and is profiled as part of BankTrack's Tracking the Equator Principles campaign.

Website http://www.ecobank.com/group/
Headquarters
2365 Boulevard du Mono B.P. 3261
Lomé
Togo
CEO/chair Ade Ayeyemi
Group CEO
Supervisor
Banque Centrale des Etats de l'Afrique de l'Ouest
Annual reports Annual report 2020
CSR report 2019
Ownership
listed on BRVM Stock Exchange, Ghana Stock Exchange & Nigeria Stock Exchange

Ecobank Transnational's largest shareholders are Nedbank (28.6%) and Qatar National Bank (27.1%), date listed September 17 2021. The bank's complete shareholder structure can be accessed here.

Complaints and grievances

Ecobank has a Grievance Procedure in place that "allows the public to make enquiries or express concerns related to the bank’s environmental and social policy and/or projects that it finances". The procedure can be accessed here.

Policy Assessments

Tracking the Equator Principles

EPFIs reporting status

BankLast update
Country
Reporting period
PF deals under EP
Project names reported
% Project names reported
Details
Ecobank
2022-03-14
TGO
2021
0
0
1.000000001E+27
0
Togo
Profile
Reporting period
2021
PF deals under EP
0
Project names reported
0
% Project names reported
20220314
Last update: 2022-03-14
Explanation

EP reporting page: https://equator-principles.com/reporting-ecobank-transnational-incorporated-2019/

Explanation

Project name reporting status of Equator Principles signatories for each financial institutions' most recent reporting period. Where there is no percentage presented the EPFI has not reported having financed any project transactions in that reporting period. 

For more details see this page.

Banks and Human Rights

Human Rights Benchmark Africa 2021

BankLast update
Country
Score
Ranking
Details
Ecobank
TGO
0.5
Laggard

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0
Togo
Score
Laggard
0.5
Explanation

Ecobank's human rights policies, processes and reporting were assessed as part of the Human Rights Benchmark Africa 2021. The bank is assessed as a Laggard, with a total score of 0.5 out of 14.

Policy: 0/3
Due dilligence: 0/5
Reporting: 0/3
Remedy: 0.5/3

Explanation
Laggard
Follower
Front runner
Leader
0 - 3.5 points
4 - 5.5 points
6 - 8.5 points
9 - 14 points
For more details see this page.

News

| |
Type:
Year:
blog
external news
our news

African banks responsive on human rights but most lack basic policies, finds new benchmark

Nigeria’s Zenith leads after publishing previously unavailable policies; state-owned National Bank of Egypt comes in last place with no points
2021-03-29 | BankTrack
blog
external news
our news

New BankTrack Equator Principles reporting tracking tool launched

2020-09-21 | BankTrack

Documents

Type:
Year:
annual reports
2021-06-01 00:00:00

Annual report 2020

2021-06-01 00:00:00 | Ecobank
csr policies
2021-05-31 00:00:00

Sustainable finance framework

2021-05-31 00:00:00 | Ecobank
csr policies
2021-05-28 00:00:00

Sustainable finance framework - eligibility assessment

2021-05-28 00:00:00 | Ecobank
annual reports
2020-09-29 00:00:00

Annual report 2019

2020-09-29 00:00:00 | Ecobank
csr policies
2020-09-29 00:00:00

Anti-money laundering policy

2020-09-29 00:00:00 | Ecobank
bank documents
2020-07-14 00:00:00

Banking industry: the journey so far

A review of the Nigerian Sustainable Banking Principles
2020-07-14 00:00:00 | Bankers Committee, Central Bank of Nigeria
annual reports
2020-07-01 00:00:00

CSR report 2019

2020-07-01 00:00:00 | Ecobank
annual reports
2019-08-01 00:00:00

CSR report 2018

2019-08-01 00:00:00 | Ecobank
annual reports
2019-07-31 00:00:00

Annual report 2018

2019-07-31 00:00:00 | Ecobank
annual reports
2018-03-31 00:00:00

Annual report 2017

2018-03-31 00:00:00 | Ecobank
annual reports
2018-03-31 00:00:00

Sustainability report 2017

2018-03-31 00:00:00 | Ecobank
csr policies
2017-06-12 00:00:00

Ecobank Grievance Procedure

2017-06-12 00:00:00 | Ecobank
annual reports
2016-07-11 00:00:00

Annual Report 2015

Corporate Governance Report & Sustainability Report are incorporated
2016-07-11 00:00:00 | Ecobank Group
annual reports
2015-06-30 00:00:00

Ecobank Annual Report 2014

2015-06-30 00:00:00 | Ecobank Group

Links

Ecobank's web page on corporate social responsibility

https://www.ecobank.com/group/sustainability

Policies

Voluntary standards

Ecobank has committed itself to the following voluntary standards:
  • Equator Principles
  • Nigerian Sustainable Banking Principles
  • Principles for Responsible Banking (PRB)
  • UNEP Finance Initiative
  • United Nations Global Compact

Investment policies

Ecobank's webpage on corporate social responsibility can be accessed here.

Year:
csr policies
2021-05-31 00:00:00

Sustainable finance framework

2021-05-31 00:00:00 | Ecobank
csr policies
2021-05-28 00:00:00

Sustainable finance framework - eligibility assessment

2021-05-28 00:00:00 | Ecobank
csr policies
2020-09-29 00:00:00

Anti-money laundering policy

2020-09-29 00:00:00 | Ecobank
csr policies
2017-06-12 00:00:00

Ecobank Grievance Procedure

2017-06-12 00:00:00 | Ecobank

Equator Principles

Implementation and reporting

Ecobank is reporting on the implementation here.

Contact and complaints

Good moves

Year:
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