Advert - Calendar - Radio

The Management and Members of the Kloma Hengme Association say their congratulations to Prof. Gabriel Teye Ayum

2015 ngmayem address by the konor of manya krobo nene sakite ii at the oklemekuku memorial park

Manya Krobo recognizes Krobo girls Headmistress at this years Ngmayem festival - Citation

Yokama: Young Women of Distinction Awards

The latest development in Manya Krobo - Senior high school Construction at Oborpah

Manya Krobo Inaugurates Development Committee and a website

Food For All Ghana Recovers Food To Feed Kinder Paradise Orphanage

Man Utd 4-2 Man City: Reds keep title hopes alive after outclassing rivals

Krobo Youth To Sue Two Individuals And Adom TV For Denigrating The Krobo Image

If I were the wife of a farmer...

DPSI reaches out to needy and abused children

Statement: Unlike Politicians, Media Must Not Fail West Africans - MFWA

The role of culture in sustaining peace and unity for national development

Traditional Council dismisses Krobo mountain sale rumours

Blows Over Krobo Mountains - Press Statement

Zenith Bank adjudged "Bank of the Year Ghana" at 2014 Banker Awards

Burkina will ask Morocco to extradite former president

I havent sacked ECG boss, Mahama

Curfew imposed on Nigerian town after explosion 'kills dozens'

ECOWAS launches 40 million Euro trade integration project

Revealed: Afriyie appointed as new Black Stars Management Committee Chairman

Atuabo gas powers Aboadze plant

Nigeria promises reliable and increased gas supply to Ghana

Ebola vaccine 'promising' say scientists after human trial

Open letter to Mahama: Reflections of a failing government

Zimbabwe's Zanu-PF blocks Joyce Mujuru leadership bid

Ferguson shooting: Protests spread across US

Invest in reliable data to enhance data collection - expert counsels

Nigerian senators initiate move to impeach Jonathan for corruption

Parliament suspended over cocaine row

Methodology by which we teach children in Ghana is archaic

Bawumia: Gov't blows $1bn Eurobond on BoG debt

5 Tricks to Burn More Calories and Keep Improving

Minority rubbishes new Power Ministry

President Nyantekyi promises Beach Soccer an Arena

Baby found in storm drain; woman charged with attempted murder

Telecoms chamber lauds move to remove taxes on smart phones

IMF backs Ghanas 2015 budget

No bright future with dim MPs!

Angry ECG workers demand reinstatement of sacked boss

Compaore leaves Ivory Coast for Morocco

Good Ways to Get Quality Protein

ECG Boss Sacked

5 million illegal immigrants in the U.S to escape deportation

Trades Ministry clarifies "war on interest rates" report

North Korea responds to UN with nuclear test threat

14 Ghanaians awarded Australian Masters scholarship

Burkina Faso's Lt Col Isaac Zida named prime minister

Govt imposes 17.5% Tax on petroleum products

Live Updates: Read in full abridged 2015 Budget Statement

Ghana Vs Togo: Black Stars probable lineup

Cocaine bust saga: NPP will politicize issue, expose NDC drug barons -- Agyarko

Adenta Presby YPG donates to nectar foundation - Lower Manya

Lawyer drags BoG to Supreme Court over cedi depreciation

Congestion at Mfantsipim SHS; students sleep on trunks

The Ghanaian Economy General Assessment by Citizen

Jerusalem synagogue: Palestinians kill Israeli worshippers

Overwhelming debts: Govt looks elsewhere to feed school kids

11 ways to snack smarter

Ecobank Emerges Most Profitable

MP pledges to restore health boat - Upper Manya

2015 Budget must deal with ailing economy - Majority, Minority leaders appeal

Abdul-Rahman Kassig: US hostage 'killed by IS'

The water story: breaking the myth of eight glasses per day

Rhythms of Thoughts: Dealing with the Shabab syndrome

Encouraging children to involve in sports

Donation Made to a brilliant student

Doing business in Manya Krobo

Community cleanup

Great things to know about Manya Krobo

5th Anniversary of Enstoolment as Manoyam Matse

Burkina Faso: Transitional framework agreed on

New Hospital Structure Under Construction

MANYA KROBO
The Land Of Endless Possibilities....

Home » News » Business News » Ecobank Emerges Most Profitable

  • Print Friendly and PDF

Ecobank Emerges Most Profitable

Published On: 18 Nov 2014

Ecobank Emerges Most Profitable

Ecobank



Samuel Ashitey Adjei, MD, Ecobank Ghana 
Ecobank Ghana is currently the biggest bank and the most profitable per the published results for the third quarter of 2014 best replica watches .

With a growth of 47 percent, the bank's total assets surpassed that of its peers at GH¢5.9billion at the end of the review period.

'It is remarkable that Ecobank Ghana's commitment to supporting large and small businesses, as well as individuals in the country continues to be strong.

This is evidenced by the 50 percent growth in its loan book to GH¢2.6 billion from the September 2013 to September 2014,' Samuel Ashitey Adjei, Managing Director of Ecobank Ghana has said.

It is apparent that customers have rewarded such commitment by their continued loyalty to the bank.

The deposit base of the bank increased to GH¢4.1billion, a growth of 47 percent year on year.

With total shareholder funds of GH¢669.8 million, the bank continues to be the most capitalized bank and the bank of choice for both large and small ticket transactions.

Chief Finance Officer, Edward Nartey Botchway, touching on Income Statement, mentioned that the bank's total income grew by 47 percent on the bank of strong growth in Net interest income of 43 percent; fees and commission income of 27 percent and an impressive 91 percent increase in trading income.

Operating expenses increased by 32 percent from the prior year to GH¢253.7 million.

The bank's CIR improved to 40.76 percent in the first nine months of the year compared with 45.4 percent in the prior year.

'Even with such a large loan book, the bank's asset quality remains good, with an NPL ratio of 5.2 percent compared to an industry average of 12.1 percent,' Mr Botchway stated.

Loan impairment charges declined by 38 percent to GH¢35 million in the first nine months of the year.

Profit before tax from continuing operations increased by 90 percent to GH¢332.8 million, reflecting revenue growth and efficiency improvements.

The bank also achieved a return on average equity (ROE) of 48 percent in the first nine months of 2014 compared with 36.8 percent in the prior year and a return on average assets of 5.7 percent.

By Samuel Boadi 
  
  


Do you have an article for publication? Please email it to editor@manyakrobo.com.

Source: modernghana.com, Posted by admin, in Business NewsBack


rolex replica watches uk replica cartier for men uk rolex oyster perpetual Replica uk replica cartier for men rolex replica watches uk for men top bell ross replica omega replica uk rolex replica watches uk to you replica cartier for men iwc replica watches for man cheap bell ross replica watches for men replica longines watches swiss iwc replica watches omega replica watches for lady replica cartier watches for sale uk rolex replica watch omega replica watches Tag Heuer copy iwc replica watches for lady replica longines watches uk omega replica watches swiss bell ross replica watches uk omega copy watches latest iwc copy watches Replica Rolex Watches rolex replica watch rolex replica rolex replica watches rolex replica watches uk Best Copy Cartier Watches best iwc replica fake longines for sale top omega replica breitling replica watches Replica Panerai Watches Uk For Men iwc replica watches for sale quality bvlgari replica Newest Replica U-boat omega seamaster 007 orange replica rolex watches uk for sale best fake chopard watches fake iwc watches for sale Rolex Gmt Replica rolex replica rolex replica watches rolex replica watches uk Omega Seamaster Quantum Of Solace omega replica watch cheap omega replica Omega Seamaster White Dial omega replica watch omega replica watches for sale swiss omega replica cheap omega replica Swiss Iwc Replica iwc replica watch iwc replica watches for sale swiss iwc replica cheap iwc replica