Ecobank opens an affiliate in South Sudan

By The Citizen

Ecobank Transnational Incorporated ('Ecobank' or 'The Group'), the   leading pan-African banking group announces the opening of its South Sudan banking affiliate. This new banking affiliate, the34th on the African continent, offers the opportunity to support the youngestAfrican state in addressing the challenges in regards to its development.

Ecobank South Sudan has effectively started operations on 10 July 2013 andoffers the suite of products and servicesof the Group to individuals, SMEs, multinationals and institutions.

Thierry Tanoh, the Group Chief Executive said: ”We are very excited to have obtained the authorization of South Sudanese authorities to operatein this country which holds a huge potential for financial intermediation.Our presence in four of its six borderingcountries, namely Kenya, Uganda, the Democratic Republic of Congo and the Central African Republic, is a uniqueadvantage to contribute to the development and integration of South Sudan young republic. ”