The Pan African Commercial Bank operating in Sierra Leone under the name ECOBANK has posted increased profit before tax of over Le3bn for 2012.
In 2011 the Bank posted profits before tax of Le6bn (Le5,593,878) which is Le3.1bn (Le3,109,027) less than the profits before tax of Le9bn (Le8,702,905) posted for 2012.
The profits before tax for 2012 therefore amount to $2million.
Deposits from customers increased by Le59bn (Le59,016,792) from Le211bn (Le211,577,623) in 2011 to Le270bn (Le270,594,415) in 2012.
Loans and Advances to customers increased by Le1.3bn (Le1,293,850) from Le83bn (Le82,759,677) in 2011 to Le84bn (Le84,053,527) in 2012.
Interest on similar income increased by Le7bn (Le6,783,351) from Le29bn (Le29,325,959) in 2011 to Le36bn (Le36,109,310) in [...]