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GSE Trading Results

EBG Release Full Year Results
SAS Research+ | Industry Report

Ecobank Ghana Limited (EBG) released its un-audited results for the year ended December 31, 2006. EBG recorded an interest income of ¢456,874 million which is a 31.05% increase over last years figures and 17.60% above the projected ¢388,508 million. Fess & Commissions increased by 18.49% to ¢173,038 million while operating expenses increased from ¢189,227 million in 2005 to ¢248,368 million. Charge for bad and doubtful debts fell by 80.19% to ¢3,234 million contributing to the 38.16% increase in net profit to ¢165,302 million over a year ago. EBG’s net profit for the period is also 5.76% above the projected profit. Loans & advances and customer deposits for the period increased by 38.05% and 33.68% to ¢1,622 billion and ¢3,356 billion respectively. A total of ¢112,648 million has been proposed to be paid as dividend which translates into a dividend per share of approximately ¢698.

Source: SAS

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