The shares of Ecobank Transnational Incorporated (ETI) would be listed on the floor of the Nigerian Stock Exchange on Monday, September 11. It was announced on the floor yesterday that 454,920,,279 units of the regional bank’s shares would be listed at N345.59 per unit.

 The Bank had earlier announced in a press release last month that it had obtained approval  to list it’s shares by introduction on the three leading stock exchanges in West Africa, namely, the Bourse Régionale des Valeurs Mobilières (BRVM) in Abidjan, Cote d’Ivoire; the Nigerian Stock Exchange (NSE), in Lagos, Nigeria; and the Ghana Stock Exchange (GSE) in Accra, Ghana.

 The bank’s Nigerian subsidiary had earlier listed its shares and subsequently announced a 1 to 1 bonus and dividend of 9k for its last financial year end. Ecobank Nigeeria’s shares are currently trading at N7.35 per share. ETI’s proposed merger with First Bank is still awaiting shareholder and regulatory approval.

Ecobank Group was created in October 3^rd, 1985, by the West African private sector community with the support of the Economic Community of West African States (ECOWAS) in order to promote trade and investment in the region. It is now present in thirteen countries –Benin, Burkina Faso, Cameroon, Cap Verde, Côte d’Ivoire, Ghana, Guinea, Liberia, Mali, Niger, Nigeria, Senegal, and Togo. It plans to open four new subsidiaries in 2006 in Chad, Equatorial Guinea, Sierra Leone and Guinea-Bissau. Ecobank Transnational Incorporated is the parent company of the Ecobank Group and its strategic intent is to transform Ecobank into a world-class African banking institution.