Ecobank reports N117.4bn as profit in the third quarter of 2022

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Ecobank Transnational Incorporated released its third quarter report for the period ended September 30, 2022 on Thursday.

The financial institution reported gross profit of N761.279 billion, up 10.85% from the 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.

The earnings per share of the Bank amount to N4.77.

At N10.05 share price, Ecobank’s P/E ratio sits at 2.11x with an earnings yield of 47.5%.

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