LAGOS, – Pan-African banking group Ecobank said on Monday its 2014 pretax profit rose 144 percent year-on-year to 86.44 billion naira ($434 million).
Revenue also rose to 489.25 billion naira from 411.18 billion naira the previous year, the bank said in a statement, and also proposed a bonus issue of one for every five shares. The bank did not give a reason for the increase in earnings.
($1 = 198.95 naira) (Reporting by Oludare Mayowa; Editing by James Macharia)
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*(Reuters)*