The second quarter financial report of Ecobank Transnational Incorporation for the period ended June 30th 2022 reveals that the gross earnings grew by 14.59% to N503 billion from N439 billion reported in HY 2021.

The bank’s Profit After Tax improved by 23.60% to N77.3 billion from the previous PAT of N62.6 billion reported the previous year.

For the period under review, the Earnings per share (EPS) of the Ecobank appreciated by 23.6% from N2.54 to N3.14 in the current period.

At a stock price of N9.90, the company’s price to earnings ratio stands at 3.15x with 31.75% earnings yield.