Home Business ETI Reports 29% Growth In Profit To N62.55bn

ETI Reports 29% Growth In Profit To N62.55bn

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Ecobank Transnational Incorporated (ETI) has reported 29 per cent growth in profit to N62.55billion in its unaudited result and accounts for half year (H1) ended June 30, 2021 from N48.53 billion reported in prior half year ended June 30, 2020.

The lender reported 33 per cent increase in profit before tax to N85.32 in H1 2021 from N44.13billoon reported in H12020.

From the result and accounts on the Nigerian Exchange Limited (NGX) on Monday, the pan-African bank reported 13 per cent growth in gross earnings to N442.89 in H 12021 from N392.01billion reported in H 1 2020.

Our correspondent gathered from the balance sheet that total assets rose by six per cent to N11.02trillion as at June 30, 2021 from N10.38trillion reported in full year ended December 31, 2020.

 

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