March 28, 2019

By InvestAdvocate

Lagos (INVESTADVOCATE)-Pan-African lender, Ecobank Transnational Incorporated (ETI) said on Thursday its profit for the period ended December 31, 2018 rose 46.0 percent to N102.17 billion from N69.99 billion recorded a year earlier.

Similarly, pretax profit increased 53.5 percent to N135.53 billion from 88.31 billion declared the same period of 2017.

Gross earnings of the pan-African lender inched up from N763.63 billion to N773.34 billion in the review period of 2018; showing a growth of 1.3 percent, ETI said in a filing with the Nigerian Stock Exchange (NSE).

Shares of the Bank at the close of the session’s trading on the Nigerian bourse appreciated 1.15 percent to N13.20 from N13.05 traded the previous session; gaining 0.15 kobo per share.

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