Ecobank Transnational Inc. has reported a Profit After Tax (PAT) of N25.6 billion in the fourth quarter of 2020 (Q4, 2020) compared to N20.6 billion recorded in a similar period of 2019, indicating a rise in profit by 24.1% Year-on-Year.
This is according to the firm’s recent financial statement made available on the Nigerian Stock Exchange and seen by Nairametrics.
Ecobank Transnational Inc. had earlier recorded a rise in its interest income by about 11% Y-o-Y, from N125.93 billion as of Q3 2019 to N139.6 billion in Q3 2020. It however dipped in Q4 2020 by 4% from N138.3 billion recorded in Q4 2019 to N132.8 billion.
Other key highlights of Q4 2020 are;