Nov. 3 (Bloomberg) -- Ecobank Transnational Inc.’s Nigerian unit posted a third-quarter loss after setting aside 33.4 billion naira ($220.8 million) for losses from bad loans.

The loss in the three months through September was 8.28 billion naira, compared with a profit of 5.17 billion naira in the same period a year earlier, Ecobank Nigeria Plc said in a statement on the Web site of the Nigerian Stock Exchange today in Lagos, the commercial capital. Revenue climbed to 45.1 billion naira from 38.8 billion naira, it said.

To contact the reporter on this story: Paul Okolo in Abuja at pokolo@bloomberg.net

Last Updated: November 3, 2009 06:09 EST