Ecobank Ghana has declared a dividend of GH¢0.81 (81 pesewas) per share to all shareholders for the fiscal year 2021.
This, however, is subject to approval at the company’s Annual General Meeting (AGM) on Friday, June 10, 2022.
The bank stated in a circular that all shareholders registered in the bank’s books at the close of business on Friday, May 20, 2022 will be eligible for the final dividend.
In light of the foregoing, the bank announced that the ex-dividend date has been set for Wednesday, May 18, 2022.
As a result, every investor who purchases Ecobank Ghana shares before this date would be eligible for the last dividend.
An investor who purchases Ecobank Ghana shares on or after Wednesday, May 18, 2022, will not be eligible for the last dividend.
If all other factors remain constant, the final dividend will be paid on Friday, July 1, 2022.
Ecobank’s pre-tax profit increases by 14% in 2021.
Ecobank Ghana increased their profit before tax by 14 percent year on year to 886.3 million in 2021.
Growth in net interest income and net fees and commissions contributed to the company’s bottom line, according to its audited financial statements.
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Notably, the balance sheet size increased to GH¢33.05 billion in 2021, up from GH¢29.38 billion in 2020. The total value of assets increased from GH¢15.2 billion in 2020 to GH¢17.85 billion in 2021. Total liabilities increased to GH¢15.88 billion in 2021, up from GH¢13.49 billion the previous year.
In terms of bank stability, the Capital Adequacy Ratio increased to 20.24 percent in 2021, up from 19.18 percent the previous year.
Non-performing loans also increased to 12 percent in 2021, from 6.20 percent the previous year, which is lower than the banking industry benchmark.
SOURCE: myjoyonline
