Ekondo Microfinance Bank Limited has correspondent relationships with internationally rated Commercial Banks to clear its cheques, warehouse its excess funds and give technical support (where necessary). Ekondo also honors our correspondent bank’s cheques where they don’t have a physical presence. The bank has correspondent banking relationship with Zenith, Ecobank, UBA and First Bank.
Ekondo Bank subjected herself to being rated by an International rating company – Microfinanza Rating in April 2008. She was rated “BB.” This rating has given the Ekondo Bank Limited an international visibility which is strategic and would influence some international interplay. As at Mid-2014, plans are underway to obtain a more up-to-date rating.
The bank is partnering with the Federal Government and Cross River State Government to implement microfinance activities, some of which include;
1. The Federal government NAPEP
2. The Federal Government Entrepreneurial Development Program
3. The Cross River State PRONTO Scheme.
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