News Column


June 26, 2014

In their 2013 Awards for Excellence, Ecobank has been awarded the Best Trade Bank in Nigeria by London-based Trade Finance magazine.

Their yearly survey ranks firms based on votes gathered from industry players and members of the magazine's editorial team.

Manufacturers, exporters, importers, traders, government and multilateral agencies were called for their input on this survey.

This award comes among a growing demand for trade finance, as Nigeria proceeds to execute economic and structural reforms to create a stronger and a more diverse economy.

According to Foluke Aboderin, Executive Director, Corporate Bank, Ecobank Nigeria, Our pan-African orientation presents enormous opportunities for intra-African trade. We have been particularly active in the oil and gas sector but we are seeing increasing demand for our innovative financing solutions, including our online corporate banking service, Ecobank Omni, from other key sectors in the Nigerian economy, such as telecoms, power, manufacturing and agriculture.

RenÉ Awambeng, Group Head of Global Corporates, at Ecobank added, Financing trade in Africa is a complex and risky business, and the trade financiers who will profit most from the current boom in intra-regional African trade will be those within-depth local knowledge and expertise.Only banks like Ecobank, with a clear understanding of the risks and world-class processes for managing them, are able to offer leading regional and multinational businesses the flexibility to trade across Africa that they increasingly are demanding.

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: TendersInfo (India)

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters