Ecobank Transnational Incorporated Opens Subsidiary in South Sudan

 

Ecobank Transnational Incorporated has announced the opening of its South Sudan banking subsidiary.

This new banking subsidiary, the 34th on the African continent, offers the opportunity to support the youngest African state in addressing the challenges in regards to its development.

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

In a press statement issued on the announcement, Thierry Tanoh, the Group Chief Executive said, "We are very excited to have obtained the authorization of South Sudanese authorities to operate in this country which holds a huge potential for financial intermediation. Our presence in four of its six bordering countries, namely Kenya, Uganda, the Democratic Republic of Congo and the Central African Republic, is a unique advantage to contribute to the development and integration of South Sudan young republic. "