Ecobank Transitional Inc. (Q1 2021)

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  • Gross earnings up 10% to ₦214.3billion
  • Net Interest Income improved by (+24.5%) to ₦95.4billion. A significant decrease in interest expense (-8.5%) primarily drove the increase in net interest income.
  • Operating income before impairment losses up by (+37%) to ₦67.0billion.
  • Loans and advances to customers down 1.5% to ₦3,644.3billion while Deposits from customers grew 0.7% to ₦7,378.9billion.
  • Assets (+0.5%) and Liabilities (+0.7%) improved to ₦10,433.9billion and ₦9,637.1billion respectively. While Equity (-1.8%) declined to ₦796.8billion.
  • Profit before tax (+22.2%) and Profit after tax (+23.5%) advanced to ₦40.3billion and ₦30.5billion respectively.
  • Earnings Per Share (+38.7%) increased to 116kobo.

 Below is a summary of the results (in thousands of Naira except per-share figures):





 

Regards,

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