This saw the shares of the Nigerian arm of Ecobank closing at N10.31 kobo on Monday as against N10.26 kobo on Friday.
Ecobank Group with presence in 32 African countries in the corporate agreement with BES anticipates developing trade and investment between Portugal and Africa.
The Memorandum of Understanding (MoU) which was signed at BES’ Lisbon headquarters, envisages joint effort and cooperation on the network of customers and branches of both banks to support and encourage trade and investments between Portugal and Africa and in particular Lusophone Africa.
Arnold Ekpe, Ecobank’s Group CEO, said, “We look forward to working with BES to develop trade and investments between Portugal and Africa. Ecobank is currently present in 3 Lusophone countries and this alliance will enable us to leverage our presence and local knowledge in these countries as well as in other countries in Africa where we are present to better serve BES’ customers in Portugal and Europe doing business in Africa”.
Ricardo Salgado, president of BES, added that there is already a deep connection between Portugal and Africa, “owing to our shared heritage. We look forward to working closely with Ecobank to capitalise on the trade and investment opportunities that are springing up, particularly as a result of growing trade between Portugal and Africa.”
