Ecobank Transnational Incorporated on Friday published its unaudited Financial Statement for the year ended 31 December 2020.
Ecobank reported N828.96 billion as Gross Earnings, down by 1.6% from the Gross Earnings of N842.49 billion reported in 2019.
Profit after tax for the 12 months period in 2020 was N35.88bn, down by 63.92% from the profit after tax of N99.46 billion declared in 2019.
Earnings per share (EPS ) of the bank dropped to N1.96 from the EPS of N5.42 in 2019.
At the share price of N6.4, the P.E ratio of Ecobank stands at 3.27x with earnings yield of 30.56%.