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.
| Last Trading Results | Growth & Valuation | ||
|---|---|---|---|
| Opening Price: | 5.70 | Earnings Per Share: | 1.6073 |
| Day's Low Price: | -- | Price/Earning Ratio: | 3.55 |
| Day's High Price: | -- | Dividend Per Share: | 0.30 |
| Traded Volume: | 1,500 | Dividend Yield: | 5.26% |
| Number of Deals: | -- | Shares Outstanding: | 322.55m |
| Value/Turnover: | 8,550.00 | Market Capitalization: | 1.84b |
EGH Stock Market Performance
| 1WK | 4WK | 3MO | 6MO | 1YR | YTD |
|---|---|---|---|---|---|
| +3.64% | -18.57% | -24.00% | -18.57% | -28.03% | -29.54% |
The current share price of Ecobank Ghana Limited (EGH) is GHS 5.70. The EGH stock closed its last trading day (Friday, October 30, 2020) at 5.70 GHS per share on the Ghana Stock Exchange. EGH began the year with a share price of 8.09 GHS but has since lost 29.54% off that price valuation, ranking it 36th on the GSE in terms of year-to-date performance. Shareholders' worries are further compounded by the fact that EGH has lost 18.57% of the stock's value from October 2 to date. The table below details the last 10 trading days of activity of Ecobank Ghana Limited on the Ghana Stock Exchange.
| Date | Volume | Close | Change | Change% |
|---|---|---|---|---|
| 2020-10-30 | 1,500 | 5.70 | -- | -- |
| 2020-10-29 | 2,200 | 5.70 | +0.20 | 3.64% |
| 2020-10-28 | 100 | 5.50 | -- | -- |
| 2020-10-27 | 425 | 5.50 | -- | -- |
| 2020-10-26 | 147,003 | 5.50 | -- | -- |
| 2020-10-23 | 31,400 | 5.50 | -- | -- |
| 2020-10-22 | 102,253 | 5.50 | -- | -- |
| 2020-10-21 | 324,300 | 5.50 | -0.43 | 7.25% |
| 2020-10-19 | 13,353 | 5.93 | -0.07 | 1.17% |
| 2020-10-16 | 6,500 | 6.00 | -- | -- |
Profile of Ecobank Ghana Limited
Ecobank Ghana Limited operates in the Financials sector, specifically, the Banking industry. It contracts an estimated total number of 1,617 employees. Unfortunately, we do not have information on the company's board of directors and/or key executives at this time.
| 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 |
|---|---|---|---|---|
| ACCESS | Access Bank Ghana | 763.63m | 4.39 | -12.2% |
| ETI | Ecobank Transnational Incorporated | 1.68b | 0.07 | -12.5% |
| SCB | Standard Chartered Bank Limited | 2.03b | 15.10 | -17.9% |
| GCB | GCB Bank Limited | 1.02b | 3.85 | -24.5% |
| RBGH | Republic Bank Ghana Limited | 349.31m | 0.41 | -26.8% |
| GLD | NewGold Issuer Limited | 542,500 | 108.50 | +100.9% |
| SIC | SIC Insurance Company Limited | 19.56m | 0.10 | +25.0% |
| ADB | Agricultural Development Bank | 1.76b | 5.06 | +0.00% |
| MAC | Mega African Capital Limited | 59.49m | 5.98 | +0.00% |
| SOGEGH | Societe Generale Ghana Limited | 460.94m | 0.65 | -9.72% |
