Ecobank Returns to Profitability

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Ecobank Trans International recently released its financial statements for the year 2017, which showed a massive leap from a loss making position in 2016 to return to profitability in 2017.

For the year ended December 2017, Gross Earnings in Naira increased from ₦665 billion in 2016 to ₦763 billion in 2017.

The bank made a profit before tax of ₦88.3 billion in 2017 against a loss before tax of ₦33.7 billion in 2016.

Profit after tax was also positive at ₦69 billion against a loss after tax of ₦52.6 billion.

 

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