Ecobank reports N686.77bn as Gross Earnings, PAT rises by 916.14%

Ecobank Transnational Incorporated released its third quarter result for the period ended 30 September 2021.

The result shows significant growth in the Bank’s topline and bottom line figures when compared to the figures reported the previous year.

The Group reported Gross Earnings of N686.768 billion for the nine months period, up by 11.77% from N614.459 billion

Profit after tax grew by 916.94% to N104.506 billion from N10.285 billion reported in Q3 2020.

Earnings per share for the period under review stands at N5.70, up by 916.94% from the EPS of N0.56 achieved the previous year.

At the share price of N8.00, the P.E of Ecobank stands at 1.40x with earnings yield of 71.19%.

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