Ecobank Honored as Top SME Bank in Togo for Third Consecutive Year

Tuesday, 16 April 2024 15:00
Ecobank Honored as Top SME Bank in Togo for Third Consecutive Year

(Togo First) - Ecobank, a top Togo-based financial institution, has been crowned the best African bank for Small and Medium Enterprises (SMEs) for the third year in a row. This esteemed recognition was awarded by Global Finance during the SME Bank Awards in London, UK, in February, highlighting Ecobank's unwavering commitment to meeting SMEs' needs across the continent. 

Carol Oyedeji, Ecobank's Acting Group Executive Commercial Banking, emphasized the importance of this achievement, stating, "This award underscores Ecobank's strong support for African SMEs, enabling them to flourish and seize intra-African business opportunities under the AfCFTA." 

Ecobank's third consecutive win is a testament to its comprehensive range of banking solutions, payment services, cash management, and financing options tailored to businesses. The bank also offers non-financial support, such as business management training, skills development, and a platform connecting merchants, buyers, sellers, and suppliers across Africa. 

Strategic partnerships, including a $200 million risk-sharing agreement with the African Guarantee Fund and a $32.8 million loan facility with the Eco. Business Fund and the SANAD Fund for SMEs have bolstered Ecobank's lending capacity to meet SMEs' financing needs in recent months.  

This recognition is the latest in a series of accolades awarded to Ecobank, including the Bank of the Year title in multiple countries on several occasions. It solidifies Ecobank's position as a key player in driving sustainable development and financial inclusion in Africa.

Esaïe Edoh

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