Ecobank’s Jan-to-Sept profit jumps 12% to N117 billion on growth across key income sources

Lome-based Ecobank Transnational Incorporated, which has Nigeria as its biggest operation of the 36 markets where it has footprints on the continent, had a moderate advance in bottomline for the year to September driven by growth in interest income as well as fees and commission income, its earnings report showed on Thursday.

Those two almost always contribute most to the income pool of Nigerian lenders.

At N761.3 billion, the group generated 11 per cent more in gross earnings compared to the same time last year, according to the financials posted on the Nigerian Exchange’s website.