Ecobank Cameroon posted an upward performance trend of FCfa 13.8 billion in 2016

In spite of the difficult international economic environment marked by the sudden drop in the price of a barrel of crude oil, the security climate in the north of the county and its impact on cross-border trading and currency exchange activities, the risks linked to the growth of economies in the sub-region, Ecobank Cameroon is happy to have continued on its upward performance trend in 2016.

Through the Chairman, Martin Foncha, the directors and shareholders of the bank, during a meeting in Douala at the end of February, were pleased with the fact that Ecobank confirmed its position among the first three banks in the Cameroonian market. This in terms of profitability, by posting pre-tax earnings of FCfa 13.840 billion in 2016, representing an increase of 23% compared to 2015.

As at 31 December, the net banking result of the bank was of FCfa 39.305 billion. Thus, an increase of higher than FCfa 687 million compared to 2015. Client deposits were FCfa 401.420 billion for an overall result of FCfa 507.061 billion. The rate of non-remunerated deposits out of total deposits is 58%. Client credits reached FCfa 260.085 billion.

“This performance is the reflection of the excellent quality of our client service which greatly improved in 2016 moving the quality of service index from 64% in 2015 to 70%”, the Ecobank Cameroon Board was pleased to note.

BIC