Ecobank Transnational Incorporated on Monday published its Second Quarter results for the period ended 30 June 2021. The result shows significant growth in the bank’s top line and bottom line figures.
Gross Earnings of N442.247 billion was achieved for the six months period, up by 12.94% from N391.59 billion achieved the previous year.
Profit after tax grew by 28.88% to N62.55 billion from N48.53 billion reported in Q2 2020.
Earnings per share (EPS) of the Group in Q2 2021 increased by 28.88% to N3.41 from the EPS of N2.65 in Q2 2020
At the share price of N5.30, the P.E ratio of Ecobank stands at 1.55x with earnings yield of 64.32%