Ecobank launches suit of international cards


Ecobank Zimbabwe chief executive officer Daniel Sackey

ECOBANK  has expanded its footprint to 15 branches in the country from the initial four when it entered the markert in 2011, Ecobank Zimbabwe chief executive officer Daniel Sackey has said.

Speaking at the launch of a suit Ecobank Visa and MasterCard international cards, Sackey said the expansion reflected the bank’s confidence in the Zimbabwe market.

“Since the commencement of operations in Zimbabwe, Ecobank has pursued a strategy of expanding its retail and ATM networks to bring convenience to our clients and stakeholders. Pursuant to this strategy, the bank has grown its outreach to 15 branches from the initial 4 branches at inception.

“This is an indication of the bank’s confidence in the Zimbabwe market and also our continued commitment to bringing the Pan African Banking products and services to our clients. Our focus from now on is to build upon this strategy by leveraging on technology and partnerships to roll out electronic banking products and services that are convenient and allow you 24/7 access to your accounts,” he said.

Sackey said the bank is on course to achieve the RBZ prescribed minimum capital of $100 mln by 2020 from the current capital position of $44 mln. In its published 2015 half year results, the bank showed a profit before tax of $3.3mln as compared to $3.5mln which was achieved at full year last year.

The bank rolled out the Ecobank Premier Debit card, a visa debit platinum card, the Ecobank advantage card, a Visa Debit gold card and the Ecobank Classic Visa Debit card. Ecobank also unveiled its Ecobank Direct Banking Card which is a MasterCard.

The launch of these cards is in response to your desire to enjoy financial flexibility and convenience by completing our existing product offering. The cards will no doubt come in handy when travelling abroad and when making online purchases. This development is also aligned to our bank’s strategy of premium levels of customer service,” he said.