Ecobank reports N117.4bn as profit in Q3 2022

Ecobank Transnational Incorporated on Thursday published its Third Quarter report for the period ended 30 September 2022.

The financial institution reported Gross Earnings of N761.279 billion, up by 10.85% from N686.768 billion reported the previous year.

Profit after tax grew year on year by 12.34% to N117.4 from N104.5 billion achieved the previous year.

Earnings per share of the Bank stands at N4.77.

At the share price of N10.05, the P/E ratio of Ecobank stands at 2.11x with earnings yield of 47.5%.

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