19-Oct-2021

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ETI Records GH¢150 mln Profit For 3rd Qtr,2020

Ecobank Transnational Incorporated, parent company of Ecobank Ghana registered a profit of GH¢150 million in the nine-month of this year.

This was however down by 87 percent and could be largely attributed to the impact of COVID-19 on economies that the Ecobank Group operates.

According to its unaudited financial statement for Quarter Three, ETI revenue however went up by 12 percent year-on-year to GH¢6.7 billion in the nine months of this year.

Total assets also went up by six percent to GH¢139.4 billion in the third quarter of 2020.

Ecobank Transnational Incorporated, parent company of Ecobank Ghana registered a profit of GH¢150 million in the nine month of this year.

This was however down by 87 percent and could be largely attributed to the impact of covid1-9 on economies that the Ecobank Group operates.

According to its unaudited financial statement for quarter three, ETI revenue however went up by 12 percent year-on-year to GH¢6.7 billion in the nine months of this year.

Total assets also went up by six percent to GH¢139.4 billion in the third quarter of 2020.

Credit: Ghanaian Times