OUR HISTORY

The ECFH Group is the result of a 2001 merger of two financial institutions - the largest commercial bank and the sole development bank in the country.  The merger objectives were to provide a broader range of banking, financial and related services than was previously provided at a cost and level of efficiency better than could be provided by these institutions operating independently.

Today, the Group, which enjoys a 40% share of the domestic banking market and is dominant in many areas, has the objectives of:

• serving as an efficient and complete financial service provider of general insurance, offshore banking, investment banking and commercial and retail banking
• encouraging and mobilizing savings
• financing commercial, personal, and development loans
• developing relevant financial products and services to serve the needs of the economy
• promoting economic development
• facilitating growth of the nascent capital market
• fostering entrepreneurship
• taking a lead in positively influencing the financial sector in particular, and the economy in general.