The second quarter financial report of Ecobank Transnational Incorporation for the period ended June 30th 2022 reveals that the gross earnings grew by 14.59% closing at N503.6 billion from the previous close of N439.5 billion in 2021.
The bank’s profit After Tax improved by 23.60% to settle at a loss of N77.3 billion from the previous PAT of N62.6 billion.
For the period under review, the EPS of the ekobank appreciated by about 24% from N3.41 previously reported in the preceding period to N4.21 in the current period
At a stock price of N10.60, the company’s price to earnings ratio settles at
2.52x with about 40 % earnings yield.