Ecobank posted a 47.4 percent jump in half year pre-tax profit to N61.41 billion ($309 million) versus the same period a year ago, the Pan-African banking group said on Thursday.
Ecobank said gross earnings climbed to N211.32 billion in the period to end-June from N175.05 billion a year ago, reports Reuters.
“We continued to drive cost efficiencies in our businesses and our cost-income ratio improved to 62.5 percent compared to 68.1 percent in the previous year,” Albert Essien, Ecobank’s chief executive officer said in a statement.
No comments:
Post a Comment