Ecobank’s earnings surge despite continued headwinds

Ecobank’s earnings surge despite continued headwinds

EcoBank Transnational Inc’s second quarter profit has surged 21 percent despite continued macroeconomic headwinds, thanks to a reduction in costs and contribution from interest income. The growth at the bottom line can be attributed to improved yield on loan book and high yield on money market instrument. For the first six months through June 2017,…

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