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.
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|Earnings Per Share||2.0173|
|Dividend Per Share||0.55|
EGH Stock Market Performance
The current share price of Ecobank Ghana Limited (EGH) is GHS 7.81. EGH closed its last trading day (Monday, September 27, 2021) at 7.81 GHS per share on the Ghana Stock Exchange (GSE). Ecobank began the year with a share price of 7.20 GHS and has since gained 8.47% on that price valuation, ranking it 10th on the GSE in terms of year-to-date performance. Shareholders can be optimistic about EGH knowing the stock has accrued 7% over the past four-week period—eighth best on GSE.
Ecobank Ghana is the seventh most traded stock on the Ghana Stock Exchange over the past three months (Jun 28 - Sep 27, 2021). EGH has traded a total volume of 871,583 shares valued at GHS 6.62 million over the period, with an average of 13,835 traded shares per session. A volume high of 264,534 was achieved on September 24th for the same period. The table below details the last 10 trading days of activity of Ecobank Ghana on the Ghana Stock Exchange.
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|
19 Seventh Avenue, Ridge West, Accra, Ghana
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.
|GCB||GCB Bank Limited||1.43B||5.38||+32.8%|
|SCB||Standard Chartered Bank Limited||2.49B||18.50||+13.4%|
|RBGH||Republic Bank Ghana Limited||366M||0.43||+4.88%|
|SCBPREF||Stanchart Preferential Shares||15.7M||0.90||+3.45%|
|ETI||Ecobank Transnational Incorporated||1.93B||0.08|
|ACCESS||Access Bank Ghana||607M||3.49||-20.5%|
|SOGEGH||Societe Generale Ghana Limited||886M||1.25||+95.3%|
|EGL||Enterprise Group Limited||376M||2.20||+57.1%|
|POP||Pesewa One Plc||3.25M||0.65||+8.33%|
|CAL||CAL Bank Limited||464M||0.74||+7.25%|