In the early 1980’s the banking industry in West Africa was dominated by foreign and state-owned banks. There were hardly any commercial banks in West Africa owned and managed by the African private sector. ETI was founded with the objective of filling this vacuum.

The Federation of West African Chambers of Commerce promoted and initiated a project for the creation of a private regional banking institution in West Africa. In 1984, Ecopromotions S.A. was incorporated. Its founding shareholders raised the seed capital for the feasibility studies and the promotional activities leading to the creation
of ETI.

In October 1985, ETI was incorporated with an authorised capital of US$100 million. The initial paid up capital of US$32 million was raised from over 1,500 individuals and institutions from West African countries. The largest shareholder was the ECOWAS Fund for Cooperation, Compensation and Development (ECOWAS Fund), the development finance arm of ECOWAS.

A Headquarters’ Agreement was signed with the government of Togo in 1985 which granted ETI the status of an international organisation with the rights and privileges necessary for it to operate as a regional institution, including the status of a non-resident financial institution. Details of the Headquarters Agreement are set out in Section 2.16.
ETI commenced operations with its first subsidiary in Togo in March 1988.

Today, the Ecobank Group is a full-service regional banking institution employing over 11,000 staff in over 746 branches and offices in twenty nine (29) west, central and east and southern African countries namely Benin, Burkina Faso, Burundi, Cape Verde, Cameroon, Central African Republic, Chad, Congo Brazzaville, Democratic Republic of Congo, Côte d’Ivoire, Gabon, The Gambia, Ghana, Guinea, Guinea Bissau, Kenya, Liberia, Malawi, Mali, Niger, Nigeria, Rwanda, Sao Tome & Principe, Senegal, Sierra Leone, Tanzania, Togo, Uganda and Zambia.

The Group’s expansion plan includes the opening of new subsidiaries and branches in other Middle African countries as well as representative offices and international banking facilities in the major financial centres that have substantial trading and transaction links with Africa such as London, Paris, Dubai and Beijing.

For more Information, see the company’s website

The union emerged as the first successful corporate combination in the history of Nigerian banking.

UBA’s history dates back to 1948 when the British and French Bank Limited (“BFB”) commenced business in Nigeria and the erstwhile STB and CTB both in 1990.

Following Nigeria’s independence from Britain, UBA was incorporated in 1961 to take over the business of BFB.

Today, United Bank for Africa Plc is one of Africa’s leading financial institutions offering universal banking to more than 7 million customers across 750 branches in 14 African countries. With presence in New York, London and Paris and assets in excess of $19bn, UBA is your partner for banking services for Africans and African related businesses globally.

Contact:

UBA House, 57 Marina, P.O. Box 2406, Lagos Nigeria.

+234 800 2255 822 (Toll Free)
+234 700 2255 855,
+234 1 280 8822,
+234 1 2808448  (fax)

Website: http://www.ubagroup.com

firstbanknigeria

First Bank of Nigeria Plc was established in 1894, literally the first bank in Nigeria. Has a large branch network.

First Bank of Nigeria Plc, one of the subsidiaries within the FBN Group, with head office in Lagos, remains one of Africa’s most diversified and leading financial services providers.

With a heritage that goes back to 1894, the Bank has consistently met changing market demands through continuous re-invention and innovation, driven by service excellence, modernization and growth.

The group has over 560 branches in Nigeria, 11 subsidiaries (including a subsidiary in London with a branch in Paris).

These subsidiaries are involved in various sectors of the financial services industry, including investment banking, funds management, registrarship, pension custodian, venture capital management, trusteeship, insurance brokerage, mortgage banking and microfinance.

The group also has representative offices in Johannesburg – South Africa, Beijing – China, and soon to establish presence in Abu Dhabi, United Arab Emirates.

As a full-suite financial services provider, the Bank offers retail, institutional, corporate & public sector banking, agricultural financing, treasury, payments and collections, online banking and various electronic payment schemes.

Contact Address :
Samuel Asabia House
35, Marina,Lagos
P.O. Box 5216
Lagos Nigeria

• Phone : +234 (1) 9052326
• Email: firstcontact@ firstbanknigeria.com
• Website: http://www.firstbanknigeria.com/

Guaranty Trust Bank Plc

Guaranty Trust Bank plc was incorporated in July 1990, as a private limited liability company, wholly owned by Nigerian individuals and Institutions. The Bank was licensed as a Commercial Bank in August 1990 and commenced operation in February 1991.

Guaranty Trust Bank plc operates from over 160 business offices in Nigeria with several bank and non-bank subsidiaries spread across Anglophone West Africa and the UK.

Through these, the bank is able to meet the growing needs of its customer in areas of banking, insurance, mortgage, asset management and other sectors outside the realm of traditional banking

The bank also has an ISO 9001:2000 certification from the International Standards Organisation (ISO) and is the only Nigerian bank to have been the subject of business and brand reviews by Harvard and Cranfield Business Schools.

Guaranty Trust Bank plc

Plot 1669, Oyin Jolayemi Street

Victoria-Island, Lagos, Nigeria

Tel: +234 1 448 0000, +234 803 900 3900,

+234 802 900 2900, 0700 GTCONNECT

E-mail: corpaff@gtbank.com , enquiries@gtbank.com , complaints@gtbank.com

Website: http://www.gtbank.com