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