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Ecobank Guinea Says 2011 Profit More Than Doubled

(Corrects figures in first paragraph to millions.)

March 1 (Bloomberg) -- Ecobank Transnational Inc.’s Guinean unit said profit for the year through December rose to 71 million Guinean francs, from 30.2 million francs a year earlier.

Customer deposits increased 43 percent to 2.3 billion francs from 1.6 billion francs in 2010, the Conakry-based lender said in a statement handed to reporters in the capital yesterday.

“Loans granted increased to 1.1 billion francs from 225 million francs,” it said.

To contact the reporter on this story: Ougna Camara in Conakry at ocamara@bloomberg.net

To contact the editor responsible for this story: Emily Bowers at ebowers1@bloomberg.net

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