Score card: Eco bank rakes in N693.82bn revenue, N83.01bn profit

Ecobank Transnational Incorporated (ETI) has started reaping the benefits of new strategies it put in place to reposition the pan-African financial institution as it posted high results for the 2020 financial year
The ETI recorded $201 million (N83.01 billion) profit in 2020 compared with $184 million (N75.99 billion) recorded in 2019, as consolidated Group net revenues increased four per cent to $1,680 million (N693.82 billion).
The exchange rate used is at N412.99 to a dollar
Chief Executive Officer, Ecobank Group, Ade Ayeyemi, gave the report in a statement by the Group Head, Corporate Communications, Adenike Laoye, at the end of its AGM held in Lome, Togo on Thursday…………..TO CONTINUE READING CLICK ON

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