Earnings Report /
Ghana

Ecobank Ghana: Strong Q2 21 earnings on impressive non-interest income and lower cost of risk

  • Non-interest income growth outweighed the decline in net interest margin

  • On efficiency, good cost discipline and higher revenue lowered the cost/income ratio

  • EGH holds 32% of the industry’s total assets, maintain Buy

Gbemisola Ogungbade
Faith Mwangi
Faith Mwangi

Equity Research Analyst, Financials (East Africa)

Tellimer Research
15 September 2021
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