Ecobank Transnational Incorporated (ETI) has completed the divestment of its Mozambique subsidiary, Ecobank Mozambique S.A., to FDH Bank Plc.
The transaction, which received all required regulatory approvals, was disclosed in a statement filed with the Nigerian Exchange Limited (NGX) on Friday.
“With this completion, FDH Bank Plc assumes full ownership and operational responsibility of the bank formerly owned by Ecobank in Mozambique,” ETI’s company secretary, Madibinet Cisse, said.
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ETI first announced the planned sale on August 5, 2025, describing it as a strategic shift in ownership and operations. At the time, the bank assured that the transition would not disrupt employees, assets, or banking services.
Jeremy Awori, chief executive officer of Ecobank Group, said the move was consistent with Ecobank’s growth, transformation, and return strategy.
The completion of the deal means Ecobank has now fully exited Mozambique, while FDH Bank, listed on the Malawi Stock Exchange, takes over full control of the subsidiary.