Ecobank reiterates Africa wide network advantage

Ecobank Nigeria is providing opportunity for exporters and importers within the African region to exhibit their products in a marketplace scenario.

The bank will achieve this through its 2020 regional trade forum in Lagos. The forum taking place in March, will be a two-day event with panel discussions by highly experienced and diversified stakeholders and leaders of thought in the industry.

Ecobank Nigeria is a member of the pan African banking group with unparalleled Africa wide Network Advantage across 33 countries catering for businesses and providing world class trade services to its customers.  The Ecobank Group network has over 30 years been enhancing the financial integration of the continent.  The Group provides solutions to facilitate trade in the various trade corridors and groupings across Africa

Announcing the trade forum in Lagos, Sunday Abah, head trade finance of Ecobank Nigeria said Ecobank is using the forum to unveil its comprehensive trade solutions to its existing and prospective customers alike by sharing the various payment methods available to facilitate cross border trade throughout its network across Africa. According to him, Ecobank recognizes the role of exporters and importers in driving economies through trade.

“By creating a networking forum for importers and exporters via the trade exhibition slated for the first day of the forum, the Bank extends support to stakeholders in export and import businesses. Ecobank’s trade products and solutions are designed around two broad areas: Trade finance which enables customers benefit from adequate and well mitigated credit facilitation in the area of Import finance, export finance, bill discounting, trade loans, distributor finance, structured trade and commodity finance amongst others; also we do Trade Services, which gives our customers the advantage of speedy turnaround time and error free processing of Import Letters of Credit,  Import collections, Customs bonds, Export collections and regional trade services amongst others” he noted.

Ecobank’s unique intra-Africa trade solutions enable settlements of trade transactions and mitigation of payment risk; provide regional solutions and enable exporters obtain payment guarantees without the need for a letter of credit and its related costs to the importer. Ecobank works closely with clients in reviewing key factors regarding transactions processing, settlements, financing, and risk mitigation as well as credit enhancement. The bank boasts of a unique and large Pan-African platform that positions it to support trade at all levels.  Its technology platform is designed to help unlock the opportunities of the continent through standardization across 33 countries, while fuelling regional integration, trade and investment across borders.