Ecobank Group secures €40.7m credit facility to develop technology infrastructure
Ecobank Group has signed a €40.7 million seven-year loan facility agreement with French Development Agency’s (AFD) Proparco and BIO, the Belgian Investment Company for Developing Countries.
In a statement July 10, 2012, Ecobank said the facility will be invested in developing its “systems and technology infrastructure” which serves nine million retail, local corporate, public sector and microfinance customers, through 1,180 branches, 1,632 ATMs and 2,744 POSs.
Commenting on the facility agreement, Arnold Ekpe, Ecobank’s Group CEO said, “The investment demonstrates our on-going commitment to enriching Ecobank’s customer experience through investments in systems, technology and processes.”
By Ekow Quandzie