Ecobank Malawi continues with growth trajectory as profit grows by 42%

MALAWI – Ecobank, a financial services provider, has recorded a 42 percent profit—after—tax in the year ended December 31, 2019 to K7.1 billion (US$9.71m) from K5 billion (US$6.84m) in the preceding year, the bank managing director Charles Asiedu said. According to Nyasa Times, Ecobank has registered growth in its profits, income, assets, loans, deposits and equity in the past 5 years. Asiedu said Ecobank Malawi continued its growth trajectory in the year under review amid tough economic condition arising from effects of the May 21, 2019 Tripartite Elections. The bank’s…

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