The
Pan-African financial institute, Ecobank
Transnational International (ETI) has said its full-year pre-tax profit
rose 25 per cent in 2012 to its highest ever of $348 million about N56,097,546,918.17,
compared with $277 million the previous year.
Disclosing
this to DigitalSENSE Business
News, Wednesday, ETI which has operations in 33 African countries, stated
in the results announcement that gross earnings jumped 46 percent to $1.8
billion during the period, adding it will pay a dividend of $0.4 per share on
June 20.
According to
reports,
Ecobank shares rose 1.5 percent to N14 on the Nigerian bourse at 1151 GMT to
hit a market value of N185 billion ($1.2 billion), stock exchange data showed.
The lender also has listings in Ghana and the West African stock exchange.
Ecobank
claims it has also gained 22 per cent in the year to date in Nigeria.
Founded in 1985, Ecobank, whose official name is Ecobank
Transnational Inc, is a pan-African banking conglomerate, with banking
operations in 33 African countries.
Correspondent/DigitalSENSE Business News with additional reports from BusinessDay
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