Saturday, February 19, 2011

USA Africa Dialogue Series - Pan-African Bank Ecobank Also Shuts Its Doors In Cote d'Ivoire

Ecobank suspends Ivory Coast operations -official

ABIDJAN | Fri Feb 18, 2011 7:34am EST

ABIDJAN Feb 18 (Reuters) - Pan-African bank Ecobank ETIT.CI has suspended its operations in Ivory Coast, a company official said on Friday.

Ecobank was the last of the major international banks still operating in the country after banks suspended operations this week amid complaints about problems over security and liquidity.

"No bank can work alone in a country under such conditions. That is why we have decided to close, like all the other banks," an Ecobank official told Reuters, asking not to be named.

(Reporting by Ange Aboa; writing by David Lewis)

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