Nigeria's leading finance and market intelligence news report.

ETI sees 20% decline in Q1 profit on higher financial asset impairment charge

Pan-African lender Ecobank Transnational Incorporated (ETI), the Lome-based parent of Ecobank Nigeria Ltd has announced a profit after tax of $67.49 million in Q1 2020, 20% less than for the same period last year after a noticeable increase in an impairment charge on financial assets. In naira term, profit decline 19% to N24.69 billion, the…

Don’t miss another story

Become a BusinessDay Subscriber today.

For insights, facts, figures, and access to opportunities.
Options starting from N1000 Monthly
Already a subsriber?
Whatsapp mobile

Get real time updates directly on you device, subscribe now.

Comments are closed.