{"id":47697,"date":"2021-03-23T22:23:14","date_gmt":"2021-03-23T21:23:14","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=47697"},"modified":"2021-03-23T22:23:14","modified_gmt":"2021-03-23T21:23:14","slug":"2020-audited-results-ecobank-group-posts-n641-8-billion-revenue","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/2020-audited-results-ecobank-group-posts-n641-8-billion-revenue\/","title":{"rendered":"2020 Audited Results: Ecobank Group Posts N641.8 Billion Revenue"},"content":{"rendered":"

\n

Ecobank Group has recorded a revenue of N641.8 billion for the year ended December 31, 2020, representing nine per cent increase compared with N586.9 posted in the corresponding period of 2019.<\/p>\n

In its audited report submitted to the Nigeria Stock Exchange (NSE) on Tuesday, the pan-African bank also recorded superlative performance in other key financial indices despite the harsh operating environment during the period.<\/p>\n

Summary of the report showed that gross earnings was stable at N841.1 billion from N842.5 in 2019. The operating income before impairment losses increased by 20 per cent, from N198.6 billion to N239.1 billion during the year under review.<\/p>\n

Also, Total asset of the bank nudged up to N10.4 trillion in the year ended from N8.6 trillion in the corresponding year of 2019, representing 20 percent increase. \u201cThis is a reflection of the power of our panAfrican diversified one-bank business model\u201d says Ade Ayeyemi, Ecobank Group CEO.<\/p>

\r\n
Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

Ayeyemi further said: “2020 was a year which tested the resilience of the human spirit in rising to the many challenges as governments, businesses and households’ unrelentingly strove to keep citizens, clients and loved ones safe. I am proud of Ecobankers\u2019 hard work and continued service to our customers and the support we provide to the communities we serve.”<\/p>\n

Other results of the bank shows\u00a0profit before goodwill impairment went down by 12 percent to N129.1 billion as against N 146.5 billion recorded in the corresponding period of 2019. The bank recorded Profit before tax of N66.6 billion as against N146.5 billion reported in 2019.\u00a0 While Profit after tax \u00a0closed at N33.7 billion during the year under review.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ecobank Group has recorded a revenue of N641.8 billion for the year ended December 31, 2020, representing nine per cent increase compared with N586.9 posted in the corresponding period of 2019.<\/p>\n","protected":false},"author":6,"featured_media":37112,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[17],"tags":[2028],"coauthors":[2391],"class_list":["post-47697","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news","tag-ecobank-transnational-incorporated-eti"],"yoast_head":"\n2020 Audited Results: Ecobank Group Posts N641.8 Billion Revenue - National Wire<\/title>\n<meta name=\"description\" content=\"Ecobank Group has recorded a revenue of N641.8 billion for the year ended December 31, 2020, representing nine per cent increa\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/2020-audited-results-ecobank-group-posts-n641-8-billion-revenue\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2020 Audited Results: Ecobank Group Posts N641.8 Billion Revenue - National Wire\" \/>\n<meta property=\"og:description\" content=\"Ecobank Group has recorded a revenue of N641.8 billion for the year ended December 31, 2020, representing nine per cent increa\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nationalwire.com.ng\/sub\/2020-audited-results-ecobank-group-posts-n641-8-billion-revenue\/\" \/>\n<meta property=\"og:site_name\" content=\"National Wire\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-23T21:23:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2019\/12\/Ecobank-e1553850920681.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"563\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Friday Ekeoba\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/\",\"name\":\"National Wire\",\"description\":\"About Nigerians, Nigerian Business and Other Stories\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/nationalwire.com.ng\/sub\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/2020-audited-results-ecobank-group-posts-n641-8-billion-revenue\/#primaryimage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2019\/12\/Ecobank-e1553850920681.jpg\",\"contentUrl\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2019\/12\/Ecobank-e1553850920681.jpg\",\"width\":900,\"height\":563,\"caption\":\"ecobank headquarter\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/2020-audited-results-ecobank-group-posts-n641-8-billion-revenue\/#webpage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/2020-audited-results-ecobank-group-posts-n641-8-billion-revenue\/\",\"name\":\"2020 Audited Results: Ecobank Group Posts N641.8 Billion Revenue - National Wire\",\"isPartOf\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/2020-audited-results-ecobank-group-posts-n641-8-billion-revenue\/#primaryimage\"},\"datePublished\":\"2021-03-23T21:23:14+00:00\",\"dateModified\":\"2021-03-23T21:23:14+00:00\",\"author\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927\"},\"description\":\"Ecobank Group has recorded a revenue of N641.8 billion for the year ended December 31, 2020, representing nine per cent increa\",\"breadcrumb\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/2020-audited-results-ecobank-group-posts-n641-8-billion-revenue\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/nationalwire.com.ng\/sub\/2020-audited-results-ecobank-group-posts-n641-8-billion-revenue\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/2020-audited-results-ecobank-group-posts-n641-8-billion-revenue\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/nationalwire.com.ng\/sub\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"2020 Audited Results: Ecobank Group Posts N641.8 Billion Revenue\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927\",\"name\":\"Friday Ekeoba\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/author\/friday\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"2020 Audited Results: Ecobank Group Posts N641.8 Billion Revenue - National Wire","description":"Ecobank Group has recorded a revenue of N641.8 billion for the year ended December 31, 2020, representing nine per cent increa","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nationalwire.com.ng\/sub\/2020-audited-results-ecobank-group-posts-n641-8-billion-revenue\/","og_locale":"en_US","og_type":"article","og_title":"2020 Audited Results: Ecobank Group Posts N641.8 Billion Revenue - National Wire","og_description":"Ecobank Group has recorded a revenue of N641.8 billion for the year ended December 31, 2020, representing nine per cent increa","og_url":"https:\/\/nationalwire.com.ng\/sub\/2020-audited-results-ecobank-group-posts-n641-8-billion-revenue\/","og_site_name":"National Wire","article_published_time":"2021-03-23T21:23:14+00:00","og_image":[{"width":900,"height":563,"url":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2019\/12\/Ecobank-e1553850920681.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Written by":"Friday Ekeoba","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/nationalwire.com.ng\/sub\/#website","url":"https:\/\/nationalwire.com.ng\/sub\/","name":"National Wire","description":"About Nigerians, Nigerian Business and Other Stories","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/nationalwire.com.ng\/sub\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nationalwire.com.ng\/sub\/2020-audited-results-ecobank-group-posts-n641-8-billion-revenue\/#primaryimage","url":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2019\/12\/Ecobank-e1553850920681.jpg","contentUrl":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2019\/12\/Ecobank-e1553850920681.jpg","width":900,"height":563,"caption":"ecobank headquarter"},{"@type":"WebPage","@id":"https:\/\/nationalwire.com.ng\/sub\/2020-audited-results-ecobank-group-posts-n641-8-billion-revenue\/#webpage","url":"https:\/\/nationalwire.com.ng\/sub\/2020-audited-results-ecobank-group-posts-n641-8-billion-revenue\/","name":"2020 Audited Results: Ecobank Group Posts N641.8 Billion Revenue - National Wire","isPartOf":{"@id":"https:\/\/nationalwire.com.ng\/sub\/#website"},"primaryImageOfPage":{"@id":"https:\/\/nationalwire.com.ng\/sub\/2020-audited-results-ecobank-group-posts-n641-8-billion-revenue\/#primaryimage"},"datePublished":"2021-03-23T21:23:14+00:00","dateModified":"2021-03-23T21:23:14+00:00","author":{"@id":"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927"},"description":"Ecobank Group has recorded a revenue of N641.8 billion for the year ended December 31, 2020, representing nine per cent increa","breadcrumb":{"@id":"https:\/\/nationalwire.com.ng\/sub\/2020-audited-results-ecobank-group-posts-n641-8-billion-revenue\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/nationalwire.com.ng\/sub\/2020-audited-results-ecobank-group-posts-n641-8-billion-revenue\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/nationalwire.com.ng\/sub\/2020-audited-results-ecobank-group-posts-n641-8-billion-revenue\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/nationalwire.com.ng\/sub\/"},{"@type":"ListItem","position":2,"name":"2020 Audited Results: Ecobank Group Posts N641.8 Billion Revenue"}]},{"@type":"Person","@id":"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927","name":"Friday Ekeoba","url":"https:\/\/nationalwire.com.ng\/sub\/author\/friday\/"}]}},"_links":{"self":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/47697","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/comments?post=47697"}],"version-history":[{"count":1,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/47697\/revisions"}],"predecessor-version":[{"id":47698,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/47697\/revisions\/47698"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/media\/37112"}],"wp:attachment":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/media?parent=47697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/categories?post=47697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/tags?post=47697"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/coauthors?post=47697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}