EGH - Ecobank Ghana Limited
Ecobank Ghana Limited, a member of the pan-African Ecobank chain, is a commercial bank in Ghana engaged in merchant, investment, and retail banking. The bank commenced business on February 19, 1990 and subsequently became the first bank in Ghana to receive a universal banking license from the Bank of Ghana when such scheme was introduced in 2003. With a network of 77 branches and 211 ATM machines across the country, Ecobank Ghana is currently the biggest bank in Ghana.
Ecobank Ghana has made very good returns to its shareholders with Return On Average Equity (ROAE) and Return On Average Assets (ROAA) averaging above 35% and 4% respectively over the past 5 years. At the end of the 2016 financial year, the bank recorded asset size of over GH¢ 8 billion, pre-tax profit of GH¢ 462.6 million, ROAE of 35.4%, and ROAA of 4.4%. Ecobank Ghana, by its steady growth since inception, is the most profitable affiliate in the Ecobank Group.
Ecobank Ghana Limited is listed on the Ghana Stock Exchange (GSE). Ecobank is traded on the GSE under the ticker symbol “EGH”. The International Securities Identification Number (ISIN) of GSE:EGH is GH0000000680. Ecobank Ghana Limited is currently the seventh most valuable stock on the GSE with a market capitalization of GHS 2.26 billion, which makes about 3.04% of the Ghana Stock Exchange equity market.
| Last Trading Results | |
|---|---|
| Opening Price | |
| Day’s Low Price | |
| Day’s High Price | |
| Traded Volume | 10 |
| Number of Deals | |
| Gross Turnover | 70.00 |
| Growth & Valuation | |
|---|---|
| Earnings Per Share | 2.1759 |
| Price/Earning Ratio | 3.22 |
| Dividend Per Share | 0.00 |
| Dividend Yield | 0% |
| Shares Outstanding | 323M |
| Market Capitalization | 2.26B |
EGH Stock Market Performance
| 1WK | 4WK | 3MO |
|---|---|---|
| +18.6% | +79.5% |
| 6MO | 1YR | YTD |
|---|---|---|
| +29.6% | +5.42% | +5.42% |
The current share price of Ecobank Ghana Limited (EGH) is GHS 7.00. EGH closed its last trading day (Wednesday, November 29, 2023) at 7.00 GHS per share on the Ghana Stock Exchange (GSE). Ecobank began the year with a share price of 6.64 GHS and has since gained 5.42% on that price valuation, ranking it seventh on the GSE in terms of year-to-date performance. Shareholders can be optimistic about EGH knowing the stock has accrued 19% over the past four-week period—best on GSE.
Ecobank Ghana is the seventh most traded stock on the Ghana Stock Exchange over the past three months (Sep 1 - Nov 29, 2023). EGH has traded a total volume of 392,957 shares valued at GHS 1.81 million over the period, with an average of 6,237 traded shares per session. A volume high of 123,800 was achieved on September 14th for the same period. The table below details the last 10 trading days of activity of Ecobank Ghana on the Ghana Stock Exchange.
| Date | Volume | Close | Change | Change% |
|---|---|---|---|---|
| 2023-11-29 | 10 | 7.00 | ||
| 2023-11-28 | 1 | 7.00 | ||
| 2023-11-27 | 75 | 7.00 | ||
| 2023-11-22 | 2 | 7.00 | ||
| 2023-11-21 | 5 | 7.00 | ||
| 2023-11-20 | 155 | 7.00 | ||
| 2023-11-17 | 8 | 7.00 | ||
| 2023-11-16 | 1 | 7.00 | ||
| 2023-11-14 | 219 | 7.00 | ||
| 2023-11-13 | 500 | 7.00 |
Profile of Ecobank Ghana Limited
Ecobank Ghana Limited operates in the Financials sector, specifically, the Banking industry. Ecobank Ghana contracts an estimated total number of 1,617 employees.
Factsheet of Ecobank Ghana Limited
- Sector
- Financials
- Industry
- Banking
- Address
- 19 Seventh Avenue, Ridge West, Accra, Ghana
- Telephone
- +233-302-681-166, +233-302-680-437
- info@ecobank.com
- Website
- www.ecobank.com
EGH Industrial Market Competitors
Ecobank Ghana Limited, issuers of the EGH stock on the Ghana Stock Exchange, have a number of market competitors who are also engaged in the Financials sector and/or Banking industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.
| Code | Name | M. Cap. | Close | YTD |
|---|---|---|---|---|
| ETI | Ecobank Transnational Incorporated | 3.61B | 0.15 | |
| SCBPREF | Stanchart Preferential Shares | 15.7M | 0.90 | |
| RBGH | Republic Bank Ghana Limited | 426M | 0.50 | -7.41% |
| GCB | GCB Bank Limited | 928M | 3.50 | -11.2% |
| SCB | Standard Chartered Bank Limited | 2.37B | 17.55 | -13% |
| ACCESS | Access Bank Ghana | 591M | 3.40 | -15.2% |
| SOGEGH | Societe Generale Ghana Limited | 1.11B | 1.57 | +57% |
| TBL | Trust Bank Gambia Limited | 164M | 0.82 | +2.5% |
| GLD | NewGold ETF | 634M | 218.50 | +0.32% |
| ADB | Agricultural Development Bank | 1.76B | 5.06 |
