CAPITAL MARKETMARKETSTOP STORY

ETI total assets crosses N5trn

Ecobank Transnational Incorporated (ETI) total assets achieved a milestone of N5 trillion, becoming the first financial institution to such despite macro-economy challenges faced by African countries where it is operating and dwindling global oil prices.

According to ETI unaudited result and accounts for the six months ended June 30, 2016 released to The Nigerian Stock Exchange (NSE),  the group reported that total assets increased by 28 per cent from N4.6 trillion as at December 31,2015 to N5.9 trillion as at June 30, 2016.

Key financial parameters that contributed to the pan-African total financial position include 23 per cent increase in loan and advances to customers from N2.3 trillion to N2.86 trillion and deposits from customers that moved from N3.1 trillion to N 4 trillion within half year, representing an increase of 26 per cent.

The financial institution’s profit for the first six months dropped by 35 per cent from N48 billion to N41.6 billion.

According to the unaudited results, ETI profit before tax fell by 32 per cent N41.6 billion from N61.4 billion reported in first six months of 2016.

Further extract from ETI income statement includes marginal drop of 0.2 per cent in gross earnings from N273.99 billion to N273 billion while total operating expenses in six months rose by one per cent from N132 billion to N134 billion.

Group Chief Executive Officer, ETI, Mr. Ade Ayeyemi said: “Our results for the first half of the year were modest, achieved in a period of subdued economic activity and market uncertainty. Our diversified business model, a source of competitive strength, and strategy positively contributed to underlying results.

“Revenues, in constant dollars, were relatively unchanged from the prior year period, while earnings decreased due to higher impairments.

The efficiency ratio of 64.3per cent was within target, despite the revenue headwinds, driven by actions we continue to take to reduce costs which will yield future benefits.

“Though the economic environment broadly continues to be challenging, we are seeing progress in our initiatives to improve credit quality.

“Our balance sheet growth was significantly impacted by the depreciation of the Naira and our cautious stance on lending. Our capital adequacy ratio at period end was 23.9 per cent under Basel 1.”

He concluded: “We see opportunities to serve our clients in this challenging period and applaud Ecobankers, our most valuable resource, for continuing to deepen relationships with our clients.”

46 thoughts on “ETI total assets crosses N5trn

  • I simply want to tell you that I am just beginner to blogging and certainly enjoyed you’re blog. Almost certainly I’m planning to bookmark your blog . You actually come with terrific stories. With thanks for sharing with us your web site.

  • I simply want to tell you that I’m very new to blogging and seriously enjoyed this website. More than likely I’m want to bookmark your site . You actually have incredible posts. Many thanks for revealing your web site.

  • I just want to mention I’m new to blogging and site-building and seriously enjoyed you’re website. Probably I’m going to bookmark your blog post . You actually come with excellent writings. Thanks a lot for sharing your blog.

  • I just want to mention I’m very new to blogging and truly enjoyed this page. More than likely I’m planning to bookmark your website . You amazingly come with fabulous articles. Kudos for revealing your website page.

  • I simply want to mention I’m beginner to weblog and seriously liked your web site. More than likely I’m want to bookmark your blog post . You surely have impressive articles. Appreciate it for sharing with us your blog.

  • I just want to mention I am new to blogging and site-building and really liked you’re blog site. Likely I’m want to bookmark your blog post . You really have fabulous articles and reviews. Cheers for revealing your web page.

  • I just want to mention I am just beginner to blogs and really loved this web blog. Almost certainly I’m planning to bookmark your site . You surely come with superb writings. Regards for sharing your blog.

  • I just want to say I am beginner to weblog and really liked you’re web site. Likely I’m likely to bookmark your site . You amazingly have fabulous article content. Bless you for sharing your web-site.

  • I just want to tell you that I am new to blogging and honestly loved your web page. More than likely I’m planning to bookmark your website . You really come with perfect posts. Thank you for revealing your blog.

  • I simply want to mention I’m all new to blogs and seriously liked your blog. Likely I’m want to bookmark your website . You amazingly come with good article content. Thanks a lot for revealing your web-site.

  • I simply want to mention I am just all new to weblog and truly enjoyed you’re page. Probably I’m planning to bookmark your blog . You absolutely come with fabulous posts. Many thanks for sharing with us your blog.

  • hello there and thanks on your information – I have definitely picked up anything new from proper here. I did however experience some technical issues the usage of this web site, since I skilled to reload the site many occasions previous to I may get it to load correctly. I had been wondering in case your web host is OK? No longer that I’m complaining, however sluggish loading cases times will very frequently have an effect on your placement in google and could damage your high quality ranking if ads and ***********|advertising|advertising|advertising and *********** with Adwords. Anyway I am including this RSS to my e-mail and can glance out for much extra of your respective intriguing content. Ensure that you replace this again soon..

  • are you looking for a great house to rent? RentinDenver.com has tons of rentals for your needs.

  • Hi, i think that i saw you visited my blog thus i came to “return the favor”.I am attempting to find things to improve my website!I suppose its ok to use some of your ideas!!

  • I every time emailed this website post page to all my contacts, for the reason that if like to read it next my links will too.|

  • You made a few nice points there. I did a search on the topic and found a good number of persons will have the same opinion with your blog.

  • Howdy! This is my first visit to your blog! We are a group of volunteers and starting a new project in a community in the same niche. Your blog provided us valuable information to work on. You have done a wonderful job!|

  • Wow in actual fact a great post. I like this.I just passed this onto a colleague who was doing a little research on that. And he actually bought me lunch because I found it for him. Overall, Lots of great information and inspiration, both of which we all need!

  • When I initially commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is added I get four emails with the same comment. Is there any way you can remove me from that service? Appreciate it!|

  • Zune and iPod: Most people compare the Zune to the Touch, but after seeing how slim and surprisingly small and light it is, I consider it to be a rather unique hybrid that combines qualities of both the Touch and the Nano. It’s very colorful and lovely OLED screen is slightly smaller than the touch screen, but the player itself feels quite a bit smaller and lighter. It weighs about 2/3 as much, and is noticeably smaller in width and height, while being just a hair thicker.

  • I frequently read your blog admin try to discover it quite fascinating. Thought it was about time i show you , Sustain the truly fantastic work

  • Call 247 QuickBooks experts at 844 722 6675 for tech support. We can resolve any kind of QuickBooks issue in no time. Quickbooks tech support phone number USA CANADA>>>1844-722-6675 QUICKBOOKS technical SUPPORT PHONE NUMBER QUICKBOOKS HELP DESK SUPPORT TELEHONE NUMBER USA CANADA>>>1844-722-6675 QUICKBOOKS technical SUPPORT PHONE NUMBER QUICKBOOKS HELP DESK SUPPORT TELEHONE NUMBERUSA CANADA>>>1844-722-6675 QUICKBOOKS technical SUPPORT PHONE NUMBER QUICKBOOKS HELP DESK SUPPORT TELEHONE NUMBER USA CANADA>>>1844-722-6675 QUICKBOOKS technical SUPPORT PHONE NUMBER QUICKBOOKS HELP DESK SUPPORT TELEHONE NUMBER USA CANADA>>>1844-722-6675 QUICKBOOKS technical SUPPORT PHONE NUMBER QUICKBOOKS HELP DESK SUPPORT TELEHONE NUMBER USA CANADA>>>1844-722-6675 QUICKBOOKS technical SUPPORT PHONE NUMBER QUICKBOOKS HELP DESK SUPPORT TELEHONE NUMBER USA CANADA>>>1844-722-6675 QUICKBOOKS technical SUPPORT PHONE NUMBER QUICKBOOKS HELP DESK SUPPORT TELEHONE NUMBER USA CANADA>>>1844-722-6675 QUICKBOOKS technical SUPPORT PHONE NUMBER QUICKBOOKS HELP DESK SUPPORT TELEHONE NUMBER USA CANADA>>>1844-722-6675 QUICKBOOKS technical SUPPORT PHONE NUMBER QUICKBOOKS HELP DESK SUPPORT TELEHONE NUMBER USA CANADA>>>1844-722-6675 QUICKBOOKS technical SUPPORT PHONE NUMBER QUICKBOOKS HELP DESK SUPPORT TELEHONE NUMBER USA CANADA>>>1844-722-6675 QUICKBOOKS technical SUPPORT PHONE NUMBER QUICKBOOKS HELP DESK SUPPORT TELEHONE NUMBERUSA CANADA>>>1844-722-6675 QUICKBOOKS technical SUPPORT PHONE NUMBER QUICKBOOKS HELP DESK SUPPORT TELEHONE NUMBER USA CANADA>>>1844-722-6675 QUICKBOOKS technical SUPPORT PHONE NUMBER QUICKBOOKS HELP DESK SUPPORT TELEHONE NUMBER USA CANADA>>>1844-722-6675 QUICKBOOKS technical SUPPORT PHONE NUMBER QUICKBOOKS HELP DESK SUPPORT TELEHONE NUMBER

  • If you’re still on the fence: grab your favorite earphones, head down to a Best Buy and ask to plug them into a Zune then an iPod and see which one sounds better to you, and which interface makes you smile more. Then you’ll know which is right for you.

  • If you’re still on the fence: grab your favorite earphones, head down to a Best Buy and ask to plug them into a Zune then an iPod and see which one sounds better to you, and which interface makes you smile more. Then you’ll know which is right for you.

  • Aloha, I found your blog on Bing Weblogs and think it is pretty intriguing and delivers fantastic material. Thank you regarding this superb post, I will certainly promote this on Twitter. Have a pleasant day on interior design ideas for home and office

  • I admire the beneficial information and facts you provide in your posts. I will bookmark your blog and have my children examine up right here often. From: home interior decoration design ideas

  • Hiya! You some kind of professional website hosting? Great message. Are you able to tell me learn how to subscribe your blog?

  • Spot on with this write-up, I honestly believe this web site needs a lot more attention. I’ll probably be returning to read through more, thanks for the info!|

  • Hey, thanks for sharing I always look forward to reading your posts one of the few blogs I still follow home decorated

  • 1-844-722-66Quickbooks Phone Number)))) 1-800-860-9230 ((((Quickbooks Tech Support phone number @@Call, 1-800-860-9230 for all type help by Quickbooks tech support phone number, 1-844-722-6675 Intuit Quickbooks Tech Support Phone Number, 1-844-722-6675 Quickbooks Help Desk Phone Number, 1-844-722-6675 Quickbooks tech support number, Quickbooks technical support phone number,@@ 1-844-722-6675 @ Quickbooks phone number, 1-844-722-6675 Quickbooks technical support number, 1-844-722-6675 Quickbooks support phone number, 1-844-722-6675 Quickbooks technical support, Quickbooks Customer Service Phone Number, Quickbooks Customer Service Number, Quickbooks Customer Support Phone Number, Quickbooks Customer Support Number,@@@@ Quickbooks Customer Service Helpline Number, Quickbooks Customer Care Number, Quickbooks support team phone number, @@@@@ Quickbooks help number-Quickbooks Helpline Number; Quickbooks help phone number-Quickbooks Helpline Number, Quickbooks Tech Support Toll free Number, Quickbooks Support Telephone Number, Quickbooks Tech Support Telephone number, Quickbooks Tech Support contact number, Quickbooks support contact number, Quickbooks technical support contact number. Call, Quickbooks tech support phone number, Intuit Quickbooks Tech Support Phone Number, Quickbooks Help Desk Phone Number, Quickbooks tech support number, Quickbooks technical support phone number, Quickbooks phone number, Quickbooks technical support number, Quickbooks support phone number. It is very popular toll free number which provide by Quickbooks technical support, Quickbooks Customer Service Phone Number, Quickbooks Customer Service Number, Quickbooks Customer Support Phone Number, Quickbooks Customer Support Number, Quickbooks Customer Service Helpline Number, Quickbooks Customer Care Number, Quickbooks support team phone number. Call, Quickbooks tech support phone number, Intuit Quickbooks Tech Support Phone Number, Quickbooks Help Desk Phone Number, Quickbooks tech support number, Quickbooks technical support phone number, Quickbooks phone number, Quickbooks technical support number, Quickbooks support phone number, Quickbooks technical support, Quickbooks Customer Service Phone Number, Quickbooks Customer Service Number, Quickbooks Customer Support Phone Number, Quickbooks Customer Support Number, Quickbooks Customer Service Helpline Number, Quickbooks Customer Care Number, Quickbooks support team phone number, Quickbooks help number-Quickbooks Helpline Number; Quickbooks help phone number, Quickbooks Helpline Number, Quickbooks Tech Support Toll free Number, Quickbooks Support Telephone Number, Quickbooks Tech Support Telephone number, Quickbooks Tech Support contact number, Quickbooks support contact number, Quickbooks technical support contact number, Quickbooks pro support phone number, Quickbooks payroll support phone number. Quickbooks payroll customer support phone number Quickbooks Support Helpline Number, Quickbooks contact number Quickbooks tech support phone number Quickbooks support team phone number Quickbooks contact number 1-844-722-6675 Quickbooks technical help telephone number, Quickbooks technical help contact number, Quickbooks technical support contact number, Quickbooks contact number, Quickbooks contact phone number, Quickbooks contact telephone number, Quickbooks 24 hour contact number, Quickbooks customer support contact number, Quickbooks customer service contact number, Quickbooks official number, Quickbooks official contact number, Quickbooks 800 contact number, Quickbooks toll free number, 800 number for Quickbooks support, Quickbooks 24/7 support phone number Quickbooks PRO support phone number,Quickbooks PRO support phone number,Quickbooks PRO help phone number, Quickbooks PRO technical support number.Quickbooks PRO support number, Quickbooks PRO phone number, Quickbooks PRO tech support number, Quickbooks PRO customer support number, Quickbooks PRO customer support phone number, Quickbooks PRO customer service phone number, Quickbooks PRO payroll customer service phone number, Quickbooks PRO support phone number. Help@Call 1-800-860-9230/.Quickbooks 24/7 support phone number,Quickbooks telephone number for support? call 1-844-722-6675@./Quickbooks contact number, Quickbooks contact phone number, Quickbooks contact telephone numbertelephone number for Quickbooks online support,Quickbooks official support number,Quickbooks official number,Quickbooks payroll official phone number,phone number for Quickbooks payroll supportQuickbooks 24/7 support phone numberQuickbooks support number,Quickbooks telephone number for support ……………… Quickbooks PRO phone number,(1-800-860-9230)// Quickbooks PRO customer care number….. Quickbooks PRO Toll Free, Intuit@(1-800.860-9230)@-: Quickbooks PRO Technical Support Number, Quickbooks PRO help desk phone number provides online solution for all USA/CANADA clients. For any help of query call 1 800 860 9230 to get all Quickbooks PRO account solution. For any help of query call 1 800 860 9230 to get all Quickbooks PRO account solution. @@Call, 1-800-860-9230 for all type help by Quickbooks PRO support telephone number,Quickbooks PRO support phone number,Quickbooks PRO support phone number,Quickbooks PRO help phone number, Quickbooks PRO technical support number.Quickbooks PRO support number, Quickbooks PRO phone number, Quickbooks PRO tech support number, Quickbooks PRO customer support number, Quickbooks PRO customer support phone number, Quickbooks PRO customer service phone number, Quickbooks PRO payroll customer service phone number, Quickbooks PRO support phone number Quickbooks PRO help number-Quickbooks PRO Helpline Number; Quickbooks PRO help phone number-Quickbooks PRO Helpline Number, Quickbooks PRO Tech Support Toll free Number, Quickbooks PRO Support Telephone Number, Quickbooks PRO Tech Support Telephone number, Quickbooks PRO Tech Support contact number, Quickbooks PRO support contact number, Quickbooks PRO technical support contact number, Quickbooks PRO help desk phone number. Call, @(1-800-860-9230)@-: It is very popular toll free number which provide by Quickbooks PRO technical support, Quickbooks PRO Customer Service Phone Number, Quickbooks PRO Customer Service Number, Quickbooks PRO Customer Support Phone Number, Quickbooks PRO Customer Support Number, Quickbooks PRO Customer Service Helpline Number, Quickbooks PRO Customer Care Number, Quickbooks PRO support team phone number. Call,@(1-800-860-9230)@-: Quickbooks PRO help number-Quickbooks PRO Helpline Number; Quickbooks PRO help phone number, Quickbooks PRO Helpline Number, Quickbooks PRO Tech Support Toll free Number, Quickbooks PRO Support Telephone Number, Quickbooks PRO Tech Support Telephone number, Quickbooks PRO Tech Support contact number, Quickbooks PRO support contact number, Quickbooks PRO technical support contact number, Quickbooks PRO pro support phone number, Quickbooks PRO payroll support phone number. Quickbooks PRO payroll customer support phone number for all type help by Quickbooks PRO support telephone number, Quickbooks PRO help phone number, Quickbooks PRO technical support number.Quickbooks PRO support number, Quickbooks PRO phone number, Quickbooks PRO tech support number, Quickbooks PRO customer support number, Quickbooks PRO customer support phone number, Quickbooks PRO customer service phone number, Quickbooks PRO payroll customer service phone number75 ,, quickbooks 24 hourNumber..,, quickbooks customer SuPpoRT Number..,, QuickBooks tech SuPpoRT PhoNEnumber, Intuit QuickBooks Tech SuPpoRT PhoNE Number, QuickBooks Help Desk PhoNE Number, QuickBooks SuPpoRT number, QUickBOokS SupPORT PHonE NumbER, QuickBooks1-800-615-0869 PhoNEnumber

  • Interesting, I wonder what the statistics are on your first point there on homedecorated

  • Never Ever give up: Even though you fail initially; Dont manage to get a great deal of views at first, do your self a favour, do not give up.

  • After looking at a few of the articles on your blog, I seriously appreciate your way of writing a blog. I bookmarked it to my bookmark webpage list and will be checking back soon. Please visit my web site as well and let me know your opinion.|

  • QuickBooks Support Phone Number UK >>>>>>>>>>>>>>>> 1-844-722-6675 , 1.844<722<6675=@= QuiCKbOOksSupport Phone NumBER!@!!1-844-722-6675 @@! Quickbooks SuPpoRT 1-844-722-6675 QUickBOokS SupPORT PHonE NumbER USA!JEETôßPppu? 1 844 722 6675 Quickbooks SuPpoRT PhoNENumber..,O»G!!!!??ô US 1-844-722-6675 quickbooks help TELEPhoNE Number..,, !!!!??ôquickbooks help Number..,, !!!!??ôquickbooks SuPpoRT Number..,, quickbooks Number..,, quickbooks PhoNE Number..,, quickbooks TELEPhoNENumber.. 1-844-722-6675 ,, quickbooks 24 hourNumber..,, quickbooks customer SuPpoRT Number..,, QuickBooks tech SuPpoRTPhoNEnumber, Intuit QuickBooks Tech SuPpoRT PhoNE Number, QuickBooks Help Desk PhoNE Number, QuickBooks SuPpoRT number, QUickBOokS SupPORT PHonE NumbER, QuickBooks1-844-722-6675 PhoNEnumber, QuickBooks 1-844-722-6675 SuPpoRT number, QUickBOokS SupPORT/quickbooks-technical-support-number-1-844-722-6675- PHonENumbER. It is very popular toll free number which vide by QuickBooks SuPpoRT, QuickBooks Customer PhoNE Number, QuickBooks CustomerNumber, 1-844-722-6675 QuickBooks CustomerSuPpoRT PhoNE Number, QuickBooks Customer SuPpoRT Number,

  • Good write-up, I am regular visitor of one’s blog, maintain up the nice operate, and It is going to be a regular visitor for a long time.

  • I have been surfing online more than 3 hours today, yet I never found any interesting article like yours. It’s pretty worth enough for me. In my opinion, if all website owners and bloggers made good content as you did, the net will be a lot more useful than ever before.

  • 1. Thanks for the great post keep up the amazing work.

  • download film terbaru sub indo has diamond like clarity and also in order for this to be striking you must use both that and.

Comments are closed.