FULL SHANGWE: FINANCE MINISTER DR. WILLIAM MGIMWA ...

Ecobank Managing Director ? Mr james Cantamantu ? koomson briefing the? press(not in the pix) about Ecobank history.

Minister of Finance Hon. Dr. William A. Mgimwa officially open Mwenge branch (Ecobank)

Ecobank staff at inauguration of two Ecobank branches ?Mwenge and Quality Centre Mall

Ecobank Tanzania- part of the successful Pan African Banking Group launched new branches in Quality Center Mall and Mwenge in Dar Es Salaam on 8th June 2012. The bank?s 4th and 5th branches were officially opened by The Minister of Finance and Economic Affairs- Dr. William Mgimwa on behalf of Hon Mizengo Kayanda Pinda the prime minister of Tanzania. The new branches are a part of a strategic expansion designed to better serve existing commercial banking clients and to expand new relationships with customers in Dar Es Salaam. We have now a total of 5 branches in different locations in Dar Es Salaam and plans are to open another branch in Arusha and Mwanza before the end of the year.

Inaugurating the branches, Deputy Board Chairperson of Ecobank Tanzania Limited- Mrs Rukia ShamtePeter Machunde described the bank as being a strategic partner in the country?s development and said its presence in Quality Center Mall and Mwenge was in line with the bank?s mission to provide convenient, accessible and reliable products and services to its clients.

Ecobank Managing Director Mr. James Cantamantu-Koomson said the bank is committed towards improving the economy of the country by offering products and services that are in line with the dynamic and growing customer needs.

Speaking during the inauguration speech Dr. William Mgimwa, Tanzania?s Minister of Finance said ?Ecobank is indeed a testimony of what we as Africans can achieve if we believe in ourselves and work together. It is also a concrete example of how the private sector can lead in the integration of our economies for the betterment of our people. For a bank owned by Africans, managed by Africans, for the service to Africans and African businesses to grow in only 25 years to a world class financial institution of international repute, is indeed commendable.?

Highlighting the awards where Ecobank emerged as the African Bank of the year 2012 by the Banker Magazine Dr. William Mgimwa commended the group for investing more than $20 million US Dollars in Tanzania. He also noted that more than 50% of the bank?s loan is to SME sector. With Ecobank?s customer centric culture and its regional products such as Rapid Transfer, Regional cards, Ecotrade, Diaspora accounts and its one bank platform for regional businesses will facilitate the integration of the Tanzanian economy into the East African Common Market and enable our country to attract maximum benefit for the East African Community.

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