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. It 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. The bank has over the years made 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 an asset size over GH¢ 8 billion, profit before tax 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.
| Last Trading Results | Growth & Valuation | ||
|---|---|---|---|
| Opening Price: | -- | Earnings Per Share: | 0.9198 |
| Day's Low Price: | -- | Price/Earning Ratio: | 9.24 |
| Day's High Price: | -- | Dividend Per Share: | 0.00 |
| Traded Volume: | 118,700 | Dividend Yield: | 0% |
| Number of Deals: | -- | Shares Outstanding: | 322.55m |
| Value/Turnover: | -- | Market Capitalization: | 2.74b |
EGH Stock Market Performance
| 1WK | 4WK | 3MO | 6MO | 1YR | YTD |
|---|---|---|---|---|---|
| -16.67% | -27.04% | -22.73% | +12.58% | +17.24% | +11.84% |
The last 10 trading days of activity of Ecobank Ghana Limited (EGH)
| Date | Volume | Open | Close | Change | Change% |
|---|---|---|---|---|---|
| 2018-06-21 | 18,390 | 9.00 | 8.50 | -0.50 | 5.56% |
| 2018-06-19 | 200 | 9.93 | 9.00 | -0.93 | 9.37% |
| 2018-06-18 | 44,042 | 10.20 | 9.93 | -0.27 | 2.65% |
| 2018-06-14 | 1,851 | 10.20 | 10.20 | -- | -- |
| 2018-06-12 | 243 | 10.23 | 10.20 | -0.03 | 0.29% |
| 2018-06-11 | 7,790 | 10.27 | 10.23 | -1.07 | 9.47% |
| 2018-06-07 | 49,534 | 11.50 | 11.30 | -0.20 | 1.74% |
| 2018-06-06 | 12 | 11.50 | 11.50 | -- | -- |
| 2018-06-05 | 90 | 11.50 | 11.50 | -- | -- |
| 2018-06-04 | 2,400 | 11.63 | 11.50 | -- | -- |
Profile of Ecobank Ghana Limited
Below is an abridged, consolidated report of the latest annual financial statements for Ecobank Ghana Limited. Reporting currency is Ghana Cedi (GHS). All amounts are expressed in millions with the exception of per share items.
| Financials | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Total Revenue | 1,206.66 | 1,023.13 | 857.74 | 589.60 | 422.72 |
| Operating Expense | -744.67 | -565.42 | -411.40 | -322.25 | -236.78 |
| Other Income | -134.09 | -136.45 | -126.37 | -76.72 | -53.38 |
| Net Income | 327.90 | 321.27 | 319.97 | 190.63 | 132.56 |
| Earnings per Share | 1.12 | 1.10 | 1.09 | 0.65 | 0.45 |
| Balance Sheet | |||||
| Total Assets | 8,056.87 | 6,691.81 | 5,767.61 | 4,694.26 | 3,428.07 |
| Total Liabilities | 7,092.79 | 5,802.06 | 4,969.19 | 4,133.33 | 2,971.86 |
| Total Equity | 964.08 | 889.75 | 798.42 | 560.93 | 456.21 |
| Equity & Liabilities | 8,056.87 | 6,691.81 | 5,767.61 | 4,694.26 | 3,428.07 |
| Cash Flow Statement | |||||
| Operating Activities | 795.92 | 116.22 | 441.25 | 214.90 | 499.20 |
| Investing Activities | -361.24 | 89.96 | 853.82 | -550.88 | -140.54 |
| Financing Activities | -383.16 | -175.99 | -92.69 | -97.34 | -44.75 |
| Net Cash Flow | 51.52 | 30.19 | 1,202.38 | -433.32 | 313.92 |
| Cash & Cash Equiv. | 2,248.53 | 2,078.09 | 1,371.19 | 226.88 | 678.96 |
Ecobank Ghana Limited operates in the Financials sector, specifically, the Banking industry. The company is led by Daniel Sackey as its Managing Director, since 2016. The company's board of directors, chaired by Terence Ronald Darko, is composed of 10 members whose names are listed below.
- Darko, Terence Ronald
Chairman - Sackey, Daniel
Managing Director - Asafo-Boakye, Awura Abena
Company Secretary - Asiedu, Morgan Fianko
Executive Director - Adjei, Samuel Ashitey
Non-Executive Director - Awagu, Thomas Chukwuemeka
Director - Eson-Benjamin, Martin
Director - Acquah, Felicity (Mrs.)
Director - Yeboah, Rosemary (Mrs.)
Director - Botchway, Edward Nartey
Director
| 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 | |
| Email: 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 the Banking industry. The table below gives you an overview of the market standing of the top 10 by year-to-date performance.
| Code | Name | Mkt. Cap. | L. Price | YearTD |
|---|---|---|---|---|
| ETI | Ecobank Transnational Incorporated | 5.05b | 0.18 | +12.5% |
| GCB | GCB Bank Limited | 1.36b | 5.15 | +1.98% |
| ACCESS | Access Bank Ghana | 472.37m | 4.00 | -1.23% |
| RBGH | Republic Bank Ghana Limited | 512.59m | 1.32 | -5.04% |
| SIC | SIC Insurance Company Limited | 76.30m | 0.39 | +290.0% |
| SOGEGH | Societe Generale Ghana Limited | 680.78m | 1.54 | +87.8% |
| CAL | CAL Bank Limited | 764.44m | 1.26 | +16.7% |
| SCB | Standard Chartered Bank (GH) Ltd. | 3.12b | 27.33 | +8.24% |
| ADB | Agricultural Development Bank | 1.37b | 5.95 | +1.88% |
| MAC | Mega African Capital Limited | 59.49m | 5.98 | +0.00% |
