Ecobank Ghana records “sterling performance”
Ecobank Ghana has earned a record total revenue of GHC1.58 billion and profit before tax of GHC642.4 million, marking a growth of 21 percent and 27 percent respectively over the prior-year figures.
The Bank’s operating expenses were well controlled within inflationary levels with a resultant reduction in cost-to-income ratio from 51.5per cent in 2018 to 45.8 percent in 2019.
A statement issued in Accra by Mrs Rita Nana Aba Tsegah, Regional Head, Corporate Communications and Marketing said the remarkable performance was reflective of the Bank’s consistent strategy of building a diversified business model with a focus on growing revenue and managing costs and risks, even in the face of a highly competitive environment.
This year’s Annual General Meeting, (AGM) which was hel...
