Lomé. Shareholders for Ecobank Group’s parent company, Ecobank Transnational Incorporated (ETI), have approved the firm’s accounts and the appropriation of profits for 2022.
The approval of the $222 million profit for the year 2022 – which was lower than the $295 million of 2021 – was part of the resolutions during the company’s 35th Annual General Meeting (AGM) and an Extra Ordinary General Meeting - that was held here Wednesday, last week.
The Group’s profit before tax, net revenue and total assets increased by 13 percent, 6 per cent and 5 per cent, to $540 million, $1.862 billion and $29.004 billion, respectively. Ecobank Group also has a presence in 35 African countries, including in Tanzania.
At the meeting, shareholders also voted for the re-election of Mr Simon Dornoo, Prof Enase Okonedo, Dr George Donkor, Mr Deepak Malik and Ms Zanele Monnakgotla as directors of ETI. (Agencies)
