Ecobank Was Announced ‘Best Trade Finance Bank In West Africa’ By GTR
According to the latest news, Ecobank, the leading Pan-African Banking Group, has been named the “Best Trade Finance Bank in West Africa” at the renowned Global Trade Review’s Leaders in Trade awards. The award comes as an acknowledgment of Ecobank’s contribution to domestic and territorial supply chain financing across key trade areas as well as the bank’s management roles and cooperation in essential soft commodities campaign financing across West Africa, especially covering cotton, cacao, soya beans, and cashew nuts. Earlier, African Development Bank honored with best multilateral financial institution 2021.
Ecobank’s contributions are fueled by our best-in-class E-trade module under the Omni Plus platform. The products are designed in such a way to aid both our Corporate and Investment Banking & SME customers in utilizing African Continental Free Trade Area's opportunities and emerging intra-African trade. The judges also perceived Ecobank’s Trade services solutions, which empowered banks to cover significant market share on Letters of Credit across the area, facilitating its Paris-based affiliate, Ecobank International, for affirmations, payments, and discounts.
Souleymane Diagne, Group Head, Trade Finance, Ecobank explained, “As a Pan-African bank with the greatest domination across the territory, a major goal of Ecobank is to become the preferred trade bank for SMEs and corporates across Africa. We are focused on empowering them to make the most of the great growth scopes delivered by the game-changing African Continental Free Trade Area. The acknowledgment from Global Trade Reviews acts as a recognition of the difference that we are making through our group of trade products & services that include Structured Trade and Commodity Finance, trade services, and supply chain finance. For our clients & associates in West Africa and throughout sub-Saharan Africa, we are set out to continue facilitating value through our trade and multi-currency payments solutions, utilizing our African expertise and our network’s benefit.”
Ecobank operates efficiently with clients and grasps partners within and outside Africa in evaluating vital aspects of transaction dynamics, including settlement, funding, risk reduction, credit enrichment, syndications, and applicable regulations. Not only this, to improve the credit support to banks on the continent, African Trade Finance banks urged MDBs.
In their decision to announce Ecobank as the best trade finance bank in West Africa, Global Trade Review’s judges paid attention to Ecobank’s full collection of trade products, services, contributions, and performance across Structured Trade and Commodities Finance, supply chain financing, and digital trade platforms, in each of the 15 West African nations where Ecobank operates.