Ever visited Ecobank Nigeria Plc? Be the first to write review.

Welcome to Ecobank Nigeria Plc listing page

We are mainly into Banking and financial growth. We are ready to be the financial institution of your choice and to deliver solutions that enhance stakeholders’ value. You can contact us through our contact details if you have any question or reach us through any of our social media platform.
Short Story About Bank

Banking began with the first prototype banks of merchants of the ancient world, which made grain loans to farmers and traders who carried goods between cities. This began around 2000 BC in Assyria and Babylonia. Later, in ancient Greece and during the Roman Empire, lenders based in temples made loans and added two important innovations: they accepted deposits and changed money. Archaeology from this period in ancient China and India also shows evidence of money lending activity.

The origins of modern banking can be traced to medieval and early Renaissance Italy, to the rich cities in the centre and north like Florence, Lucca, Siena, Venice and Genoa. The Bardi and Peruzzi families dominated banking in 14th-century Florence, establishing branches in many other parts of Europe.

One of the most famous Italian banks was the Medici Bank, set up by Giovanni di Bicci de’ Medici in 1397. The earliest known state deposit bank, Banco di San Giorgio (Bank of St. George), was founded in 1407 at Genoa, Italy.

Gradually the goldsmiths began to lend the money out on behalf of the depositor, which led to the development of modern banking practices; promissory notes (which evolved into banknotes) were issued for money deposited as a loan to the goldsmith. The goldsmith paid interest on these deposits. Since the promissory notes were payable on demand, and the advances (loans) to the goldsmith’s customers were repayable over a longer time period, this was an early form of fractional reserve banking. The promissory notes developed into an assignable instrument which could circulate as a safe and convenient form of money backed by the goldsmith’s promise to pay, allowing goldsmiths to advance loans with little risk of default. Thus, the goldsmiths of London became the forerunners of banking by creating new money based on credit.

Share your experience with us and let know how we can serve you better

Your opinions matters alot

Additional Information about Ecobank Nigeria Plc
Address: 101, Yakubu Gowon Crescent, Asokoro, Abuja, Nigeria
Location: Nigeria > FCT > Abuja

Tagged as: Air Conditioning, ATM, Cash, Credit Cards, Free Parking

NaijReview

Review local businesses in Nigeria. Your Opinion matters.

Ecobank Nigeria Plc (Asokoro Branch)

Ecobank Nigeria Plc (Asokoro Branch)

Welcome Back To NaijReview!

Sign up for NaijReview