By Peter OBIORA InvestAdvocate

Lagos (INVESTADVOCATE)-Pan African Bank, Ecobank Transnational Incorporated (ETI) Monday posted a 4.0 percent (-4.0%) decline in Profit After Tax (PAT) for the Second Quarter (Q2) Report for the Period Ended June 30 2012.

This is contained in the Result of the Bank released to the Nigerian Stock Exchange (NSE) and made available to www.investadvocateng.com.

To record the decline in PAT, the Pan-African Bank declared N13.859 billion in the Q2 of year 2012 compared to N14.441 billion recorded in the same period of year 2011; indicating a decline in PAT of -4.0%.

Similarly, Profit Before Tax (PBT) also dropped slightly by -2.6% Year-on-Year (YoY) to N20.149 billion in Q2 of 2012 from N20.695 billion in the Q2 of 2011.

However, Gross Earning increased significantly to N106.876 billion in Q2 of 2012 compared to N58.309 billion in the corresponding period of year 2011, showing an increase of 83.3% in the review period.

Basic Earnings Per Share (EPS) also decreased from 126 Kobo in the Q2 of 2011 to 86 Kobo in the review period of year 2012; representing a decrease of -31.74%.