Some Ecobank staff may lose their jobs as bank plans to close some of its operational centers due reduction in profit.

Job loss is imminent in Ecobank as the management of the bank plans to review it's expansion strategy following a decline in profit and that may result in closing some of the African countries to focus on promising markets.
In an interview with Reuters, chairman of the bank, Emmanuel Ikazoboh, said falling global commodity prices that have hit economies in countries such as Nigeria and Ghana have caused a reduction in the banks profit margin.

“The business model whereby we are just expanding and posting our flags (in different countries) has to be reconsidered,” he said Ecobank’s biggest operation is in Nigeria and the bank has said it wants to increase its market share here.