As part of our commitment to bring you firsthand information, this post focuses of Ecobank Nigeria Recruitment, requirements and how to apply.
Ecobank Transnational Incorporated (ETI), a public limited liability company, was established as a bank holding company in 1985 under a private sector initiative spearheaded by the Federation of West African Chambers of Commerce and Industry with the support of the Economic Community of West African States (ECOWAS). In the early 1980’s foreign and state-owned banks dominated the banking industry in West Africa. Commercial banks in West Africa owned and managed by the African private sector were a rarity. Its founders created ETI with the objective of filling this vacuum.
Ecobank is a modern pan-African financial institution providing financial solutions to businesses, governments and individual customers.
Working for Ecobank
Ecobank provides a dynamic environment where hard work, drive and passion for the African continent is rewarded by training and professional development. Working with one of the leading organisations in Africa also offers a broader range of opportunities.
Ecobank Entry-level Recruitment 2019
- Bachelor’s Degree with Minimum 2.2
- Not older than 26 years by December 2019
- Must have completed NYSC.
Job Type: Full Time
MORE INFORMATION ON ECOBANK
The Federation of West African Chambers of Commerce promoted and initiated a project to create a private, regional banking institution in West Africa. In 1984, Ecopromotions S.A. was incorporated. Its founding shareholders raised seed capital for feasibility studies and the promotional activities leading to the creation of ETI.
In October 1985, ETI was incorporated with 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.
Ecobank signed a Headquarters’ Agreement with the Government of Togo in 1985, which granted it the status of an international organisation. This status came with the rights and privileges necessary for ETI to operate as a regional institution, including the status of a non-resident financial institution. ETI commenced operations with its first subsidiary in Togo in March 1988.