Banks: 38% increase in Ecobank Group profit


The profit of Ecobank Transcontinental Incorporated (ETI), the parent company of the Ecobank banking group, recorded an increase of 38% at the end of the third quarter of 2022 compared to the same period of 2021, according to the audited activity report published by the leaders of this pan-African bank based in Lomé. This profit thus accounted for 193.335 billion FCFA (309.336 million dollars) against 140.454 billion FCFA (224.726 million dollars) as of September 30, 2021. Net banking income increased by 20.58% from 693.709 billion FCFA to September 30, 2021 at 836.518 billion FCFA one