Ecobank Uganda Opens for Business

Brings bank's country network to 26 in Africa.

The Ecobank Group increased its regional footprint on January 19th 2009 with the opening of its latest affiliate in Uganda.

Ecobank Uganda opened for business with six branches in and around Kampala on January 19th. The Uganda country affiliate brings to 26 the number of countries in Africa in which Ecobank operates. Ecobank is now consolidating much of its growth and expansion across middle Africa.

"We are pleased to open for business in Uganda today, and welcome the opportunity to extend our range of retail, wholesale and transaction banking services to customers in Uganda," said Ecobank Uganda Managing Director Dele Alabi.

This latest addition to its network also introduces Ecobank's new corporate logo, which the group begins rolling out this month.It marks a new phase in Ecobank's development-one in which the bank intends to focus more on improving customer service, efficiency, productivity and performance.

Incorporated in 1985, Ecobank Transnational Incorporated (ETI) is the parent company of the leading independent regional banking group in Africa. It currently operates in 26 African countries, namely: Benin, Burkina-Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Congo-Brazzaville, Côte d'Ivoire, Democratic Republic of Congo, The Gambia, Ghana, Guinea, Guinea-Bissau, Kenya, Liberia, Malawi, Mali, Niger, Nigeria, Rwanda, Sao Tome and Principe, Senegal, Sierra Leone, Togo and Uganda.

ETI is listed on the stock exchanges in Lagos, Accra and Abidjan (BRVM). The Group is owned by over 7000 shareholders including institutional investors. It has over 10,000 employees in over 600 branches. Ecobank is a full-service bank providing wholesale, retail, investment and transaction banking services and products to governments, financial institutions, multinationals, international organizations, medium, small and micro businesses and individuals.