ETI Facility

completed

_x000C_The project involves a comprehensive investment and advisory services program for Ecobank Transnational Inc. (ETI or the Group) and selected subsidiaries to support the Group’s growth and diversification strategy in Sub-Saharan Africa over the next couple of years. IFC’s investment would include equity, senior and subordinated loans, guarantees for trade confirmation lines and risk sharing facilities.ETI is a regional financial services group head-quartered in Lome (Republic of Togo), currently serving wholesale and retail customers in 19 West and Central African countries. The Group was created by visionary leaders from both public and private sectors not only as a vehicle for promoting regional integration, but also as an instrument for fostering African private sector development. As of June 30, 2007, the Group had total assets and equity of over $4.2 billion and $532 million, respectively, and employed about 6,000 persons across over 400 branches and kiosks. ETI is one of the leading financial services institutions in Sub-Saharan Africa which whom IFC is developing a long-term partnership aimed at strengthening the financial sector in the region by deepening and improving the quality of financial services provided.