ETI records GH¢150 million profit in third quarter of 2020

Ecobank Transnational Incorporated, parent company of Ecobank Ghana registered a profit of GH¢150 million in the nine-month of this year.

This was however down by 87 percent and could be largely attributed to the impact of COVID-19 on economies that the Ecobank Group operates.

According to its unaudited financial statement for Quarter Three, ETI revenue however went up by 12 percent year-on-year to GH¢6.7 billion in the nine months of this year.

Total assets also went up by six percent to GH¢139.4 billion in the third quarter of 2020.

Ecobank Transnational Incorporated, parent company of Ecobank Ghana registered a profit of GH¢150 million in the nine month of this year.

This was however down by 87 percent and could be largely attributed to the impact of covid1-9 on economies that the Ecobank Group operates.

According to its unaudited financial statement for quarter three, ETI revenue however went up by 12 percent year-on-year to GH¢6.7 billion in the nine months of this year.

Total assets also went up by six percent to GH¢139.4 billion in the third quarter of 2020.