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Ecobank Group records $125M increment in 2022 first quarter unaudited earnings

by Nelson Namboole
Ade Ayeyemi, CEO, Ecobank Group, says despite a difficult operating environment, they continued to support their customers effectively, which paid off as their businesses grew their revenues and profits.
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Ecobank Group has announced unaudited first quarter of 2022 profit before tax increase of 25% to $125 million.  Ade Ayeyemi, Group CEO said “We delivered strong 1Q 2022 results with profit before tax increasing by 25% to $125 million, diluted earnings per share up 29% to 0.27 US cents and net revenue growth of 7% to $436 million. Returns on tangible shareholders’ equity of 18.9% was a

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