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Company Background Of Ecobank Transinational Incorporated ( Eti ) Essay

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STRATEGIC PERFORMANCE MANAGEMENT
CASE STUDY FOR ECOBANK
GROUP FIVE
2015
PREPARED BY:
JAIROS TARWIREYI
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DAVIDZO GOTOSA
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PATIENCE N. MUGEBE
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MAUD WATUNGWA
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PRISCILLA MALOMBOLA
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FORTUNATE MUKWAZHE
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KASPANOV SAUNGWEME
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MARIET DANDANYIKA
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PIASON CHIVANGU
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SIMBARASHE MUDEKWA
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FADZAI MASHANGANA
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COMPANY BACKGROUND
Ecobank Transinational Incorporated (ETI) is a universal banking group which was founded in 1985 in Togo Lome. The banking group was founded through support from an economic integration in West Africa known as ECOWAS. The Ecobank Group consists of ETI which is the Head Office in Togo, E-Process which operates in Ghana and lastly all the affiliates of the bank which are spread across Africa. Ecobank Group’s shares are listed on three stock exchanges in Africa which are; the BVRM Stock Exchange (Ghana), the Nigerian Stock Exchange and other bourse market which is in Togo. Currently the bank is present in 35 African countries and is has representative offices in Paris, Johannesburg, New York and Beijing.
In Zimbabwe, Ecobank was previous known as Premier Discount House and was founded in 2002. Due to the economic problems in Zimbabwe and failure of discount houses Premier Discount house changed its business into Merchant Banking in 2004. However, the bank continued to face financial problems as the public had also lost their confidence with the banking sector. The

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