Ecobank Reports Profit Before Tax of $303 Million For The Period Ended September 2019

Publisher:
Ecobank
Publication Date:
28 October 2019
Tags:
Banking and Insurance, Company News

Ade Ayeyemi, Group CEO said, "We continued to focus on our strategic priorities.  Whilst noting the revenue headwinds, most of our regions delivered solid profit growth, with total Group profit before tax of $303 million, demonstrating the resilience of our pan-African business strategy. We continued with the modernisation of our core banking application having now covered about 80% of total Group transactions and 22 out of our 34 countries within a period of less than a year, with full completion by midNovember 2019.

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