Ecobank remains Togo’s top bank for the 3rd consecutive year (The Banker)

Thursday, 29 December 2022 18:06
Ecobank remains Togo’s top bank for the 3rd consecutive year (The Banker)

(Togo First) - For the third consecutive year, The Banker, a specialized magazine, ranked Ecobank Togo the Bank of the Year. It was revealed during the media’s annual Banks of the Year Awards. 

This year, Ecobank was able to keep its crown in Togo by launching new bancassurance products and improving its customer care. 

“Togo’s Bank of the Year award for 2022 goes to Ecobank, whose highlights for the period include the development of its bancassurance product line, an upgrade to its customer relationship management capabilities, and its ongoing support for small and medium-sized enterprise (SME) customers,” The Banker wrote on its website. 

In December 2021, Ecobank Togo signed a partnership with five major insurers to provide SMEs, in Togo and 26 other countries covered by the lender, with bancassurance products. Through the move, the pan-African bank aimed to tap into Africa’s flourishing insurance market.

We have proudly contributed to developing Togolese SMEs through initiatives beyond banking services. These include training, boosting digital presence, market spots, and more. This award recognizes our efforts, said Souleymane Touré, MD, Ecobank Togo.

In 2021, Ecobank was Togo’s second-largest lender, by assets, with CFA557 billion of assets. The first was Orabank.

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