Pan-African lender, Ecobank Transnational (ETI), said on Wednesday its full-year pretax profit rose 25 percent in 2012 to its highest ever of $348 million, compared with $277 million the previous year.
ETI, which has operations in 32 African countries, said in the results announcement that gross earnings jumped 46 percent to $1.8 billion during the period, adding it will pay a dividend of $0.4 per share on June 20.
Ecobank shares rose 1.5 percent to N14 on the Nigerian bourse at 1151 GMT to hit a market value of N185 billion ($1.2 billion), stock exchange data showed. The lender also has listings in Ghana and the West African stock exchange.
It has gained 22 percent in the year to date in Nigeria
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