On 26 November 2023, at an event held in Malabo, ECOBANK Equatorial Guinea signed a partnership agreement with VidaSEguros EG to cover its customers' bank loans. By joining, ECOBANK became the country's second bank to take part in this pioneering initiative, reinforcing the sector's move towards greater financial protection for citizens.
ECOBANK is a financial institution with a strong presence across Africa, operating in more than 30 countries. Its inclusion in VidaSEguros EG's partner network is especially significant, extending the credit insurance model beyond national borders and consolidating VidaSEguros EG's position as a leading participant in the regional insurance market. Executives from both institutions and representatives of the national financial sector attended the signing ceremony.
The agreement provides that, if an ECOBANK customer with an outstanding loan dies or becomes totally and permanently disabled, VidaSEguros EG will cover the remaining loan balance. This means the insured person's beneficiaries will not inherit any bank debt, safeguarding the family's financial stability at the most difficult times. ECOBANK customers can request information about the cover directly at any of the bank's branches.
With the ECOBANK agreement, VidaSEguros EG continues to expand its network of partner banks, building a safer and better protected financial ecosystem for all Equatoguineans. This strategic partnership benefits the clients of both institutions and also helps develop an insurance culture in Equatorial Guinea, an essential step towards modernising the country's financial system.
Abilio Balboa Street, Malabo (next to the Ministry of Health)
+240 333 090 444 · 222 854 950
info@vidaseguros-eg.com · www.vidaseguros-eg.com
Abilio Balboa Street, Malabo (next to the Ministry of Health)
+240 333 090 444 · 222 854 950
info@vidaseguros-eg.com · www.vidaseguros-eg.com