Ecobank, based in Togo,the leading pan-African banking group, today announced its results for the year ended December 31, 2012. They represent Ecobank's strongest financial performance in its 25 years of operation.
Financial Highlights:
* Revenues grew by 46 % to $1.8 billion (2011:$1.2 billion)
* Pre-tax profits rose by 25% to $348 million (2011:$277.4 million)
* Net income advanced by 39% to $286.7 million (2011:$206.8 million)
Thierry Tanoh (photo), Ecobank's Group CEO, commented:
"These very pleasing results reflect the successful integration of our two major acquisitions in Ghana and Nigeria, strong demand for retail banking services across our 33 country platform, increasing trade and commercial flows between Middle Africa and the rest of the world, together with the strong performance of our dedicated staff."
"We are closely focused on delivering cost efficiencies, whilst maintaining high levels of service and innovation. Overall, we are confident that 2013 will be another year of progress as we further strengthen and develop the Group to the benefit of all of our stakeholders."
ARTICLES SUR LE MÊME THÈME
Togo adopts a new constitution
Togolese lawmakers adopted a new constitution on Monday, moving the country from a presidential to a parliamentary system.
Promoting multi-alignment
The African Political Alliance (APA) was launched in May 2023 at the initiative of Togo, aiming to create an informal framework for cooperation among countries sharing the ideals of pan-Africanism and those determined to work towards a politically strong, independent, self-assured, and non-aligned Africa.
China to support Togo in safeguarding its sovereignty, security -Wang Yi
China will continue to firmly support Togo in safeguarding its sovereignty, security and development interests, China's Foreign Minister Wang Yi said.