Home Business Capital Ecobank Announce N102.17 Billion Profit In FY18
Capital

Ecobank Announce N102.17 Billion Profit In FY18

Share
Share

BY NKECHI NAECHE—-Pan African bank,  Ecobank Transnational Incorporated (ETI) has announced a profit of N102.17billion for the financial year ended 31 December 2018.

According to the bank its profits for the year under review grew from N69.99 billion in 2017 to N102.17 billion in 2018;   amounting to 46.0 percent increase.

This according to the bank is contained in a notice it sent to NSE that the bank’s Gross earnings went up 1.3 percent from N763.63 billion to N773.34 billion in the review period of 2018 while pretax profit increased 53.5 percent to N135.53 billion from 88.31 billion declared the same period of 2017.

 

Share

Businesstoday Magazine

Businesstoday Conference/Awards

Related Articles

LG Allocation: SEC To Improve Framework On Borrowing By Governments, Corporates

The Securities and Exchange Commission has expressed its readiness to improve the...

SEC To Intensify Crackdown on Ponzi Schemes, Develop Commodities Market 

The Securities and Exchange Commission (SEC), on Sunday said it will intensify...

Access HoldCo Lauds NGX Invest Over N351bn Capital Raise

The Chairman, Access Holding Company Plc, Mr Aigboje Aig-Imuokhuede, CFR, has commended...

Let Us Strive To Build A Fair, Transparent Market – Agama Tells Stakeholders

Stakeholders in the capital market have been urged to strive to build...