Ecobank Malawi spreads its footprints to Mzuzu
Ecobank Malawi has finally spread its tentacles into the Northern Region with the opening of a new branch in Mzuzu on Friday.
The newest addition becomes the ninth branch since the Pan-African bank, which traces its beginnings to Togo, arrived in Malawi in 2008.
Ecobank Malawi general manager Charles Asiedu said Mzuzu presents numerous business opportunities being the country’s fastest-growing city and a centre of cross-border trade with Tanzania.
He said the bank is determined to continue expanding its footprint in the country—with Karonga, Kasungu, Nkhata Bay, Zomba and Mangochi marked as the next destinations.
“The opening of the first branch in the Northern Region is an indication of our determination to bring our services to the doorsteps of our valued customers,” he said.
Ecobank, which announced its coming to Malawi with the acquisition of Loita Investment Bank seven years ago, has eight branches in Lilongwe and Blantyre.
It becomes the 10th bank on Mzuzu’s streets.
Random interviews at the launch showed people are looking forward to queue-less banking, faster services, accessible loans and reliable automated teller machine (ATM) transactions.
Others said it is time to switch back to the bank they ditched when they relocated to the North.
In another interview, Mzuzu Mayor William Mkandawire hopes the arrival of Ecobank will benefit customers and the city.
“The arrival of a new player in any industry increases competition and competition is good for consumers because it improves the quality of service delivery,” he said. Hire
