April 18, 2017/NSE

Ecobank reports audited full year 2016 results

– Gross earnings  down 6% $2.6 billion (up 23% to NGN 665.0 billion)

– Operating profit before impairment losses down 0.5% to $735.1 million (up 29% to NGN188.6 billion)

– Loss before tax  $131.3 million ( Loss in NGN 33.7 billion)

– Loss after tax $205.0 million (Loss in NGN 52.6 billion)

– Total assets down 13% to $20.5 billion (up 33% to NGN 6,255.8 billion)

– Loans and advances to customers down 17% to $9.3 billion (up 27% to NGN 2,824.1 billion)

– Deposits from customers down 18% to $13.5 billion (up 26% to NGN 4,116.5 billion)

– Total equity down 30% to $1.8 billion (up  7% to NGN 538.0 billion)

Please click to download a copy of the financial statements