By InvestAdvocate

Lagos (INVESTADVOCATE)-Pan African lender, Ecobank Transnational Incorporate (ETI) said on Wednesday its profit before tax (PBT) for the nine months period ended September 30, 2014 increased 37.4 percent to N66.5 billion from N48.3 billion in the same period of 2013.

Similarly, profit after tax (PAT) grew 31.3 percent to N52.5 billion from N40 billion posted in the third quarter (Q3) of 2013.

Also, gross earnings climbed up from N349 billion in the review period of 2014 from N299.1 billion posted in the corresponding period of 2013; indicating a 16.6 percent.

However, at the end of transactions on the Nigerian bourse, share price of the pan African lender declined 0.27 percent as it opened N18.60 and closed N18.55; losing 0.05 kobo.