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Business result: Ecobank has net income in excess of $2 billion

02/05/2024
Categories: Companies

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The 2023 consolidated results published on the evening of Tuesday, April 30, last mention that EcoBank

consolidates its continental diagonal.

For the first time since 2015, the pan-African banking group posted net income of over two billion dollars (+11%). In sa stratégie évoquée en décembre 2023 , the group Ecobank called for “an acceleration of the growth” of activities for businesses and individuals. Now, the bank listed in Lagos, Accra and the BRVM (West African financial market) seeks to consolidate its position in the 15 countries where it is in the top 3 (Ivory Coast, Senegal, Senegal, Guinea, Guinea, Guinea, Central African Republic or

even Zimbabwe).

In Nigeria, where Ecobank is only the 7th bank out of 29, the situation is particular. Net earnings fell by 2% due to the depreciation of the naira style="font-family: "Bookman Old Style”, "serif">. Jeremy Awori has already indicated that “additional transformations” will be made in the Nigerian subsidiary. The group, mainly owned by the South African banks Nedbank (21%) and Qatari QNB (20%), wants to maintain a firm foothold in this important market

with even greater potential.
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