Ecobank Transnational Incorporated
Condensed Unaudited Consolidated Financial Statements
For the period ended 30 June 2020
CONTENTS
Condensed Unaudited Consolidated financial statements:
Press release
Condensed Unaudited Consolidated statement of comprehensive income USD (Six months) Condensed Unaudited Consolidated statement of comprehensive income USD (Quarter 2) Condensed Unaudited Consolidated statement of comprehensive income NGN (Six months) Condensed Unaudited Consolidated statement of comprehensive income NGN (Quarter 2) Condensed Unaudited Consolidated statement of financial position USD
Condensed Unaudited Consolidated statement of financial position NGN Condensed Unaudited Consolidated statement of changes in equity USD Condensed Unaudited Consolidated statement of changes in equity NGN Condensed Unaudited Consolidated statement of cash flows USD Condensed Unaudited Consolidated statement of cash flows NGN Notes to the condensed unaudited consolidated financial statements
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Press Release
Ecobank Group reports performance for the first six months of 2020 Gross earnings down 7% to $1,040.9 million (down 3% to NGN 392.0 billion) Revenue down 1% to $770.9 million (up 4% to NGN 290.3 billion) Profit before tax down 16% to $170.3 million (down 13% to NGN 64.1 billion) Profit for the period down 22% to $128.9 million (down 18% to NGN 48.5 billion) Total assets up 3% to $24.3 billion (up 9% to NGN 9,392.1 billion) Loans and advances to customers down 7% to $8.6 billion (down 1% to NGN 3,334.2 billion) Deposits from customers up 3% to $16.7 billion (up 9% to NGN 6,461.5 billion) Total equity up 2% to $1.9 billion (up 8% to NGN 742.7 billion) Financial Highlights Period ended Period ended % Change 30 June 2020 30 June 2019 Income Statement: Gross Earnings 1,040,935 392,013,029 1,122,106 405,201,836 -7% -3% Revenue 770,885 290,313,001 775,684 280,105,962 -1% 4% Operating profit before impairment losses 276,811 104,246,200 260,616 94,110,611 6% 11% Profit before tax 170,297 64,133,344 203,357 73,433,909 -16% -13% Profit for the period 128,877 48,534,695 164,747 59,491,516 -22% Earnings per share from continuing operations attributable to owners of the parent during the period (expressed in United States cents / kobo per share):Earnings per share from discontinued operations attributable to owners of the parent during the period (expressed in United States cents / kobo per share): Diluted (cents and kobo) 0.002 0.90 0.01 4.84 Financial Highlights As at As at % Change Statement of Financial Position: Total assets 24,284,781 9,392,139,055 23,641,184 8,621,939,805 3% 9% Loans and advances to customers 8,620,957 3,334,155,120 9,276,608 3,383,178,938 -7% -1% Deposits from customers 16,707,120 6,461,478,660 16,246,120 5,924,959,964 3% 9% […]
