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Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).

Ecobank Ghana Limited

Main Activities: Finance and Insurance - Banking and Credit Intermediation - Investment Brokerage and Other Financial Investments

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Company Information

Full name
Ecobank Ghana Limited

Headquarters
19, Seventh Avenue, Ridge West PMB GPO Accra P.O. box: AN 16746 ; Accra; Greater Accra; PO Box 16746
Status: Listed
Legal Form: Other non-liability limited
Operational Status: Operational
ISIN CODE : GH0000000680
Financial Auditors: PricewaterhouseCoopers (2009)
Total Employees: 841

Tel: +(233) 21680437 / 681167/8

Company Description

Ecobank Ghana Limited is engaged in merchant banking, investment banking and retail banking. It also operates through two wholly owned subsidiaries Ecobank Investment Managers Limited, engaged in the management of investments, and Ecobank Leasing Company Limited, which is engaged in providing finance lease facilities. The Bank is a subsidiary of Ecobank Transnational Inc

Company Analysis

According to the Consolidated - Non-Audited financial statement for the first quarter of 2012, total net operating revenues increased with 33.28%, from GHC 28,948 thousands to GHC 38,582 thousands. Operating result increased from GHC 27,427 thousands to GHC 31,988 thousands which means 16.63% change. The results of the period increased 21.60% reaching GHC 23,235 thousands at the end of the period against GHC 19,107 thousands last year. Return on equity (Net income/Total equity) went from 0.00% to 0.00%, the Return On Asset (Net income / Total Asset) went from 1.09% to 1.02% and the Net Profit Margin (Net Income/Net Sales) went from 66.00% to 60.22% when compared to the same period of last year.

Key Executives

Lionel Van Lare Dosoo Chairman
Samuel Ashitey Adjei Managing Director
Ernest Asare Executive Director
George Mensah Asante Executive Director
Rosemary Yeboah Executive Director
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Balance Sheet

Total Assets

2,275,228

2,132,183

* All the accounts are in GHC.
Income Statement

Total Operating Revenue

38,582

171,707

Operational Profit (Loss)

31,988

105,534

Net Profit (Loss)

23,235

72,381

* All the accounts are in GHC.
Ratios
Profitability Ratios

Return on Assets (ROA)

1.02%

3.39%

Annualised Return on Assets (ROA)

4.08%

3.39%

Return on Sales (ROS)

60.22%

56.28%

Gross Profit Margin

100%

100%

Operating Profit Margin

2.78%

7.98%

Efficiency Ratios

Fixed-asset turnover

0.02x

0.06x

Asset Turnover

0.02x

0.06x

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

1,073

42,412

EBITDA

1,073

53,367

Enterprise value

-158,790

-232,856

Enterprise Value / EBITDA

-147.99

-4.36

Bookvalue (BV)

2,275,228

2,132,183

Net Cash

158,790

232,856

Market ratios

Price/Book Ratio

0.27

0.30

Trend Ratios

Revenue Trend

133.28%

117.91%

Net Income Trend

121.6%

120.4%

Operating Income Trend

28.98%

107.3%