MICROCAPITAL BRIEF: Ecobank Offering Agency Banking in The Gambia via Rural Retailers

Ecobank, which is based in Togo and serves 36 countries, recently began offering deposit and withdrawal services via retailers in The Gambia in order to reach more people who live far from bank branches. Ecobank Managing Director Josephine Anan-Ankomah reportedly described the service as “the key component that completes the Digital Financial Services Ecosystem that Ecobank is creating in a bid to contribute to the Financial Inclusion agenda of The Gambian government.”

Ecobank, which was launched in 1985, provides both microfinance and traditional financial services. It reports total assets of USD 22 billion, 17,500 staff people and 1,200 branches as of 2017.

Sources and Additional Resources

The Point article
http://thepoint.gm/africa/gambia/article/eco-bank-pioneers-agency-banking-in-gambia

Ecobank financials
https://www.ecobank.com/group/investor-relations/key-figures/performance

About Ecobank
https://www.ecobank.com/group/about-us

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