$1.8 billion revenue; $348 million profits
LOMÉ, Togo - Thursday, March 28th 2013 [ME NewsWire]
(BUSINESS WIRE)-- Ecobank, the leading pan-African banking group, today announced its results for the year ended December 31, 2012. They represent Ecobank’s strongest financial performance in its 25 years of operation.
Financial Highlights:
• Revenues grew by 46 % to $1.8 billion (2011: $1.2 billion)
• Pre-tax profits rose by 25% to $348 million (2011: $277.4 million)
• Net income advanced by 39% to $286.7 million (2011: $206.8 million)
Thierry Tanoh, Ecobank’s Group CEO, commented:
"These very pleasing results reflect the successful integration of our two major acquisitions in Ghana and Nigeria, strong demand for retail banking services across our 33 country platform, increasing trade and commercial flows between Middle Africa and the rest of the world, together with the strong performance of our dedicated staff.”
"We ar
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