ICICI Bank on 15 October 2012 signed a memorandum of understanding (MoU)
with Ecobank Transnational Incorporated of Africa in order to extend
their banking services across their combined footprint in India and
Africa.
The MoU was signed in Tokyo by Vijay Chandok, President -
International Banking Group of ICICI Bank Ltd and Arnold Ekpe, Group
CEO of Ecobank.
India’s trade with Africa has doubled in the past
four years. Stronger investment ties are complementing this steady
growth in trade with Indian investments in Africa across a range of
sectors including oil & gas, pharmaceuticals, petrochemicals,
fertilizers, IT and infrastructure.
About Ecobank
Eco
bank is a pan-African banking conglomerate, with banking operations in
35 African countries. It is the leading independent regional banking
group in West Africa and Central Africa, serving wholesale and retail
customers. Ecobank was incorporated in Lome, Togo. Ecobank Transnational
Incorporated is the parent company of the leading independent
pan-African banking group.
About ICICI Bank
ICICI
Bank Limited is India's largest private sector bank and the second
largest bank in India, with consolidated total assets of US $ 111
billion as on June 30, 2012.
It is the second largest bank in India by assets and third largest by market capitalization.
No comments:
Post a Comment