Business News of 2014-03-28

Ecobank's profit hit GH¢190 million in 2013

Ecobank Ghana’s profit after tax hit 190 million Ghana cedis for last year.
According to the Bank's 2013 financial statement released on Thursday shows that, Ecobank's profit after tax went up by 44 percent over the 132 million Ghana cedis recorded 2012.
Ecobank's increase income increase substantially to 473.5 million Ghana cedi, while total assets reached 4.6 billion Ghana representing a 37 percent Ecobank also made some strong growth in the areas of deposits, loans advances to customers,
However the impairment charges on loans advanced increased substantially to 55.3 million Ghana cedis.