Ecobank Kenya

{{Short description|Commercial bank in Kenya}} {{Infobox company |name = Ecobank Kenya |logo =  |type = Private |foundation = 2005 |location = Fortis Office Park Muthangari Drive Nairobi, Kenya<ref>{{cite web|url=http://www.businessdailyafrica.com/Ecobank-HQ--moves-from-city-centre-to-Waiyaki-Way/539552-3411878-o8xduv/index.html | title=Ecobank HQ moves from city centre to Waiyaki Way | access-date=11 October 2016 | date=10 October 2016 |first=James | last=Ngunjiri |location=Nairobi | newspaper=Business Daily Africa}}</ref> |key_people = '''Yesse Oenga'''<ref name="0R"/> Chairman Rebecca Mbithi Managing Director<ref name="0R">{{cite web| url=https://thekenyatimes.com/jobs-careers/ecobank-kenya-appoints-rebecca-mbithi-as-managing-director/ |title=Ecobank Kenya Appoints Rebecca Mbithi as Managing Director |date=11 February 2026 |work=The Kenya Times |author=Faith Mwangi |access-date=13 February 2026 | location=Nairobi, Kenya}}</ref> |num_employees = |revenue = {{loss}}Aftertax:US$-10.3 million (KES:-890 million) (2013) |assets = US$427.6 million (KES:36.9 billion) (2013) |industry = Financial services |products = Loans, Savings, Investments, Debit Cards, Credit Cards, Mortgages |homepage = {{URL|http://ecobank.com/ke/}} |native_name = |parent = Ecobank }} '''Ecobank Kenya''' is a commercial bank in Kenya. It is one of the commercial banks licensed by the Central Bank of Kenya, the central bank and national banking regulator.<ref>{{cite web |title=Commercial Banks & Mortgage Finance Institutions |publisher=Central Bank of Kenya (CBK) |url=https://www.centralbank.go.ke/index.php/bank-supervision/commercial-banks-mortgage-finance-institutions |access-date=1 August 2014 |date=2013 |url-status=dead |archive-url=https://web.archive.org/web/20140701161422/https://centralbank.go.ke/index.php/bank-supervision/commercial-banks-mortgage-finance-institutions |archive-date=1 July 2014 }}</ref><ref>{{cite web|url=http://www.standardmedia.co.ke/business/article/2000128815/ecobank-kenya-gets-licence-to-open-investment-bank|title=Ecobank Kenya Gets License To Open Investment Bank|first=Jackson|last=Omondi Okoth|date=19 July 2014|access-date=1 August 2014|newspaper=The Standard (Kenya)}}</ref>

==Overview== On 16 June 2008, Ecobank Transnational Incorporated acquired 75% of EABS Bank, which had been licensed in 2005. The bank changed its name to Ecobank Kenya Limited to reflect the new shareholding. Later, it increased its shareholding in the bank, to 95.67% as at 3 July 2013. {{asof|December 2013}}, Ecobank Kenya had total assets valued at approximately KES:36.9 billion (US$427.6 million), with shareholders' equity of about KES:3.39 billion (US$39.3 million).<ref>{{cite web| title=Ecobank Kenya Financial Report 31 December 2013|url=http://www.ecobank.com/annualreports.aspx?cid=74052|publisher=Ecobank Transnational Inc.|access-date=1 August 2014}}</ref><ref>{{cite web|first=Geoffrey|last=Irungu|date=1 July 2014|url=http://www.businessdailyafrica.com/Corporate-News/Ecobank-to-inject-Sh8-8bn-in-Kenya-unit-for-expansion-/-/539550/2368660/-/fk2vy9/-/index.html|title=Ecobank To Inject KSh8.8 Billion In Kenya Unit for Expansion|access-date=1 August 2014 |newspaper=Business Daily Africa (Nairobi)}}</ref>

==Ecobank network== {{main|Ecobank Transnational}}

Ecobank Kenya is a member of Ecobank Transnational, the leading independent pan-African bank, headquartered in Lomé, Togo with affiliates in West Africa, Central Africa, East Africa and Southern Africa. Ecobank, which was established in 1985, has grown to a network of over 600 branches, employing over 10,000 people, with offices in 33 countries including Benin, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Republic of Congo, Democratic Republic of Congo, Equatorial Guinea, France, Gabon, Ghana, Guinea, Guinea-Bissau, Ivory Coast, Kenya, Liberia, Malawi, Mali, Niger, Nigeria, Rwanda, Sao Tome, Senegal, Sierra Leone, South Sudan, Tanzania, The Gambia, Togo, Uganda, Zambia and Zimbabwe.<ref>{{cite web| url=http://ecobank.com/yourcountry.aspx| title=The Ecobank Worldwide Network|publisher=Ecobank Transnational|access-date=1 August 2014}}</ref> Ecobank Transnational also maintains representative offices in Angola, China, Ethiopia, South Africa, and the United Arab Emirates.<ref>{{cite web| url=http://ecobank.com/represoffices.aspx| publisher=Ecobank Transnational|title=List of Worldwide Ecobank Representative Offices| access-date=1 August 2014| url-status=dead| archive-url=https://web.archive.org/web/20140718074317/http://www.ecobank.com/represoffices.aspx| archive-date=18 July 2014}}</ref>

==Parent company== Ecobank Transnational Inc. is the parent company of the Ecobank Group which includes the following specialized subsidiaries:<ref>{{cite web|publisher=Ecobank Transnational| url=http://www.ecobank.com/othercorporateoffices.aspx|title=Ecobank Specialised Subsidiaries|access-date=1 August 2014}}</ref>

* Ecobank Development Corporation (EDC) – Lomé, Togo * EDC Investment Corporation – Abidjan, Ivory Coast * EDC Investment Corporation – Douala, Cameroon * EDC Securities Limited – Lagos, Nigeria * EDC Stockbrokers Limited – Accra, Ghana * Ecobank Asset Management – Abidjan, Ivory Coast * e-Process International SA – Lomé, Togo * ECV Servicios – Praia, Cape Verde

The stock of Ecobank is traded on the Ghana Stock Exchange (GSE), the Nigerian Stock Exchange (NSE) and the BRVM stock exchange in Abidjan, Ivory Coast.<ref>{{cite web| access-date=1 November 2016 | title=Nigeria: Ecobank Lists Shares on Three Stock Exchanges | date=13 September 2006 |url=http://allafrica.com/stories/200609130579.html | location=Lagos | newspaper=Vanguard (Nigeria)}}</ref>

==Ownership== Ecobank Kenya is 100% owned by Ecobank Transnational.<ref>{{Cite web |last=Ecobank |title=Ecobank - The Pan African Bank |url=https://www.ecobank.com/personal-banking |access-date=2022-04-28 |website=www.ecobank.com |language=en}}</ref>

==Governance== As of 13 February 2026, the acting chairman of the 10-person board of directors is '''Yesse Oenga''', a businessman and non-executive director. Rebecca Mbithi, serves as the managing director and CEO.<ref name="0R"/>

==Branch Network== {{asof|July 2017}}, the bank maintains 21 networked branches in Kenya.<ref>{{cite web|url=http://www.ecobank.com/branches.aspx?btype=3&rt=0&cid=74052|title=Ecobank Kenya Branch Locations|publisher=Ecobank Kenya|access-date=1 August 2014}}</ref><ref>{{cite web|url=http://fenesi.com/ecobank-records-high-profit-growth/|title=Ecobank Records High Profit Growth|first=Enock|last=Kiprono |access-date=1 August 2014|date=24 April 2014|publisher=Fenesi.Com}}</ref> In October 2016, Ecobank Kenya notified the public and its customers of its plans to close nine of its twenty-nine branches, to reduce the number to 20, by end of April 2017.<ref>{{cite web| access-date=1 November 2016| url=http://www.businessdailyafrica.com/Ecobank-marks-nine-branches-for-closure/539552-3436506-item-0-ftsi05/index.html | date=31 October 2016 | title=Ecobank marks nine branches for closure in digital business plan | newspaper=Business Daily Africa | location=Nairobi | first=George | last=Ngigi}}</ref>

==See also== {{columns-list|colwidth=22em| * Ecobank * Kenya Banks * Ecobank Ghana * Ecobank Nigeria * Ecobank Uganda * Ecobank Zimbabwe }}

==References== {{reflist|30em}}

==External links== * [https://web.archive.org/web/20090221020902/http://www.ecobank.com/english/others/home.aspx Ecobank Website] * [http://businessdayonline.com/2014/07/ecobank-group-gets-nod-to-open-investment-bank-in-kenya/#.U9wsD5V8MSs Ecobank Group Gets Nod To Open Investment Bank In Kenya]{{Dead link|date=July 2025 |bot=InternetArchiveBot |fix-attempted=yes }} * [http://www.businessdailyafrica.com/Central-Bank-error-listing-Ecobank-as-small-lender/-/539552/2404458/-/drsq9dz/-/index.html Central Bank Admits Error In Listing Ecobank As Small Lender]

Category:Banks of Kenya Category:Banks established in 2005 Category:Companies based in Nairobi Category:2005 establishments in Kenya