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Ecobank Group Reports Record Results in 2012

  Ecobank Group Reports Record Results in 2012

                  $1.8 billion revenue; $348 million profits

Business Wire

LOMÉ, Togo -- March 28, 2013

Ecobank, the leading pan-African banking group, today announced its results
for the year ended December 31, 2012. They represent Ecobank’s strongest
financial performance in its 25 years of operation.

Financial Highlights:

• Revenues grew by 46 % to $1.8 billion (2011: $1.2 billion)

• Pre-tax profits rose by 25% to $348 million (2011: $277.4 million)

• Net income advanced by 39% to $286.7 million (2011: $206.8 million)

Thierry Tanoh, Ecobank’s Group CEO, commented:

“These very pleasing results reflect the successful integration of our two
major acquisitions in Ghana and Nigeria, strong demand for retail banking
services across our 33 country platform, increasing trade and commercial flows
between Middle Africa and the rest of the world, together with the strong
performance of our dedicated staff.”

“We are closely focused on delivering cost efficiencies, whilst maintaining
high levels of service and innovation. Overall, we are confident that 2013
will be another year of progress as we further strengthen and develop the
Group to the benefit of all of our stakeholders.”

Laurence do Rego, Ecobank’s Group Executive Director, Finance and Risk, added:

“Ecobank is strategically positioned to capture much of Africa’s organic
growth, whilst our diversified business model is designed to mitigate risk. We
are now focused on maximizing the returns from our unique platform via a
centralized approach to cost and risk management.”

                                   - ENDS -

Notes to Editors

About Ecobank Group

Incorporated in Lomé, Togo, Ecobank Transnational Incorporated is the parent
company of the leading independent pan-African banking group. It currently has
a presence in 33 African countries, namely: Angola, Benin, Burkina Faso,
Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Congo
(Brazzaville), Congo (Democratic Republic), Côte d’Ivoire, Equatorial Guinea,
Gabon, Gambia, Ghana, Guinea, Guinea-Bissau, Kenya, Liberia, Malawi, Mali,
Niger, Nigeria, Rwanda, Sao Tome and Principe, Senegal, Sierra Leone, South
Africa, Tanzania, Togo, Uganda, Zambia and Zimbabwe.

The Group is also represented in France through its affiliate EBI S.A. in
Paris. Ecobank also has representative offices in Beijing, China, Dubai,
United Arab Emirates and London, UK. ETI is listed on the stock exchanges in
Lagos, Accra and the West African Economic and Monetary Union (UEMOA) – the
BRVM in Abidjan. The Group has more than 600,000 local and international
institutional and individual shareholders. The Group has 18,321 employees in
37 countries and 1,200 branches and offices.

Ecobank is a full-service bank providing wholesale, retail, investment and
transaction banking services and products to governments, financial
institutions, multinationals, international organizations, medium, small and
micro businesses and individuals. Additional information may be found at
www.ecobank.com.

Contact:

Investor Relations:
James Etherington
jetherington@ecobank.com
Tel: +228-22-21-03-03
or
Ato Arku
aarku@ecobank.com
Tel: +228-22-21-03-03
or
Media Relations
Nabi Souleymane Ouedraogo
nouedraogo@ecobank.com
Tel: +228-22-21-03-03
 
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