Unveiling Ecobank‘s Ownership: Key Stakeholders in 2024

Ecobank is one of the foremost pan-African financial institutions. Have you ever wondered who truly owns it? Each major shareholder plays a crucial role in shaping Ecobank’s strategic direction and operations. Discover how one of Africa’s leading financial institutions is influenced by its shareholders.

Key Takeaways

Nedbank Group Limited holds a significant 28.61% stake in Ecobank.

Qatar National Bank (Q.P.S.C.) owns 27.09% of Ecobank’s shares.

Arise BV possesses 19.01% of Ecobank’s shares.

Public Investment Corporation (SOC) Ltd. holds 18.17% ownership.

Social Security & National Insurance Trust owns 5.208% of Ecobank.

Ecobank’s ownership structure

Ecobank’s ownership is marked by a diverse range of significant shareholders:

Nedbank Group Limited: is the largest shareholder, holding 28.61%.
Qatar National Bank (Q.P.S.C.): Second largest with 27.09%.
Arise BV: Holds a 19.01% stake.
Public Investment Corporation (SOC) Ltd.: Owns 18.17%.
Social Security & National Insurance Trust: Holds 5.208%.

These major shareholders shape the bank’s ownership landscape, blending local and international investors. Their stakes reflect a strategic mix that supports Ecobank’s stability and growth.

The Ecobank shareholder

Ecobank’s largest shareholder is Nedbank Group Limited, with substantial 28.61% ownership. Following closely is Qatar National Bank (Q.P.S.C.), which holds 27.09% of the bank’s shares. Arise BV also plays a crucial role, with a 19.01% stake. Public Investment Corporation (SOC) Ltd. holds 18.17%, while Social Security & National Insurance Trust has 5.208%.

Institutional and Individual Investors

Ecobank’s ownership includes institutional and individual investors.

Nedbank Group Limited: The largest institutional investor with 28.61%.
Qatar National Bank (Q.P.S.C.): Holds 27.09%.
Arise BV: Owns 19.01%.
Public Investment Corporation (SOC) Ltd.: Has 18.17%.
Social Security & National Insurance Trust: Holds 5.208%.

These investors guide Ecobank’s strategic decisions and governance, reflecting a mix of expertise and financial backing.

Ecobank Transnational Incorporated (ETI) Group

Ecobank Transnational Incorporated (ETI) Group is shaped by its diverse shareholders:

Nedbank Group Limited: 28.61% ownership.
Qatar National Bank (Q.P.S.C.): 27.09% stake.
Arise BV: 19.01% ownership.
Public Investment Corporation (SOC) Ltd.: 18.17% stake.
Social Security & National Insurance Trust: 5.208% stake.

This diverse ownership underscores broad confidence in Ecobank’s growth and stability in the financial sector.

Diversity in Ecobank ownership

Ecobank’s ownership profile includes prominent institutional investors:

Nedbank Group Limited: 28.61% stake.
Qatar National Bank (Q.P.S.C.): 27.09% stake.
Arise BV: 19.01% stake.
Public Investment Corporation (SOC) Ltd.: 18.17% stake.
Social Security & National Insurance Trust: 5.208% stake.

This mix of shareholders provides a robust foundation for Ecobank’s strategic direction and financial stability, reflecting both local and international investment interests.

Frequently Asked Questions

Who is Ecobank’s CEO?

Ecobank’s current CEO is Jeremy Awori, who oversees operations across 36 African countries. His extensive background in banking and finance drives the bank’s strategic vision.

Who are Ecobank’s major shareholders?

Ecobank’s major shareholders include Nedbank Group Limited, Qatar National Bank (Q.P.S.C.), and Arise BV. These entities significantly influence bank operations and governance.

Is Ecobank a U.S. bank?

No, Ecobank is not a U.S. bank. It is headquartered in Togo and operates primarily in Africa, with no substantial ties to U.S.-based banks.

Who was the former CEO of Ecobank Ghana?

Ecobank Ghana’s former CEO was Daniel Sackey, who served from 2017 to 2021. He was known for his focus on digital banking and customer-centric solutions during his tenure.

Conclusion

Ecobank’s ownership structure showcases a rich tapestry of institutional investors like Nedbank Group Limited and Qatar National Bank, alongside other significant stakeholders. This diverse ownership mix ensures the bank’s stability and growth, reinforcing its position as a key player in the African banking sector.

Who is the owner of Ecobank?