Ecobank, the leading Pan-African Banking Group, has
been named “Best Trade Finance Bank in West Africa” at the prestigious Global
Trade Review’s Leaders in Trade awards.
The award comes as recognition of
Ecobank’s solutions for domestic and regional supply chain financing across key
trade corridors as well as the bank’s arranger roles and participation in key
soft commodities campaign financing across West Africa, notably covering
cotton, cacao, soya beans and cashew nuts.
Ecobank’s offerings are supplemented
by our state-of-the-art E-trade module under the Omni Plus platform. Our
products are positioned to support both our Corporate and Investment Banking and
SME customers in leveraging on the African Continental Free Trade Area’s
opportunities and growing intra-African trade.
The judges also recognized Ecobank’s
Trade Services solutions, which led the bank to commend significant market
share on Letters of Credit across the continent, leveraging on its Paris-based
affiliate, Ecobank International, for confirmations, payments, and discounts.
Souleymane Diagne, Group Head, Trade
Finance, Ecobank, said: “As a Pan-African bank with the largest footprint
across the continent, a major ambition of Ecobank is to be the preferred trade
bank for SMEs and corporates across Africa. We are committed to enabling them
to take advantage of the immense growth opportunities fostered by the
game-changing African Continental Free Trade Area.”
“This accolade from Global Trade
Review provides welcome recognition of the impact we are making through our
suite of trade products and solutions, which include Structured Trade and
Commodity Finance, Trade Services and Supply Chain Finance. For our customers
and partners in West Africa and throughout sub-Saharan Africa, we are resolved
to continue delivering value through our trade and multi-currency payments
solutions, leveraging on our African expertise and our network’s advantage.”
Ecobank works closely with clients and
leverages on partners within and outside Africa in reviewing key aspects of
transactions dynamics, including settlement, financing, risk mitigation, credit
enhancement, syndications and applicable regulations.
In their decision to declare Ecobank
as Best Trade Finance Bank in West Africa, Global Trade Review’s judges took
account of Ecobank’s full suite of trade products, services, impact and
performance across Structured Trade and Commodities Finance, Supply Chain Financing
and digital trade channels, in each of the 15 West African countries in which
Ecobank operates.
The award announcement was made at Global Trade Review’s
annual awards ceremony held in London last month.
Source: asaaseradio