Economy

ECOBANK now the biggest bank in Ghana

Carbonatix Pre-Player Loader

Audio By Carbonatix

It’s now official; ECOBANK is the biggest in the country. The bank’s total asset according to the half year results released today is now slightly over 3 billion cedis compared to Ghana Commercial Bank’s 2.6 billion Ghana cedis. The growth in the ECOBANK’s assets follows its merger with the Trust Bank last year. ECOBANK is also the most profitable bank with 61 million cedis for the half year beating StanChart’s 57 million Ghana cedis. It also has a stated capital of 229 million cedis the biggest in the banking industry for now. However loans that Ecobank fears might go bad went by 85 percent. Ghana Commercial Bank has always led the pack as the biggest in the country, but it now appears to have lost that position with ECOBANK’s results.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:  
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.