By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Pan African Bank Ecobank Transnational Incorporated (ETI) Monday reported a 94.2 percent (94.2%) half year post tax profit for the period ended June 30 2013.

The Pan African Bank in the review period recorded a post tax profit of N26.909 billion in the second quarter of 2013 compared to N13.859 billion reported in the same period of 2012; representing an increase in post tax profit of 94.2%.

While pre tax profit also grew from N20.149 billion in the half year of 2012 to N31.713 billion in the review period of 2013; indicating a growth of 57.4%.

Gross earnings also rose from N163.552 billion in the second quarter of 2012 to N195.294 billion in the half year of 2013; showing an increase of 19.4% in the review period.