Ecobank post 219% increase in earnings, loan impairment remains high at N44.6billion

Summary of Ecobank’s 2014 Full year results

• Gross earnings for the period was N482.2billion (2013 N411.1billion) +17.28%
• Net Interest income for the period was N184.5billion (2013 N167.6billion) +10.1%
• Pre-tax profits was N86.4billion (2013 N35.3billion) 144%
• Profit after tax was N66.1billion (2013 N24.8billion) +165%
• Earnings per share for the period was 304kobo (2013 94kobo) +219%
• Loan impairment (charges) for the period was N44.6billion (N60billion) -26%
• Loan impairment is the highest in the industry in 2014 by our records and is not over N100billion in two years
• Dividend proposed of was nil but a bonus of 1 for every 15 was proposed
• Press release