History of Ecobank Nigeria PLC

Ecobank Nigeria PLC: Timeline

1985–2005: Founding & Growth

Originated from Merchant Bank of Africa (1985). Acquired by Ecobank Transnational Inc. (ETI) in 1986; listed on Nigerian Stock Exchange 1988. Expanded into retail banking in 1990s (debit card, Xpress Account).

2006–2010: Consolidation & Expansion

Restructured, rebranded, integrated subsidiaries. Launched strategic plan to become Nigeria's leading bank. Listed on London Stock Exchange 2010.

2011–Present: Challenges & Transformation

Global financial crisis caused loan defaults, asset quality issues. Undertook capital strengthening, risk management, cost reduction, tech investment. Returned to profitability 2014; steady growth since. Now over 600 branches/ATMs, committed to financial inclusion.

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