Bloomberg the Company

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Ecobank Ghana Gains Most in 13 Months on Dividend: Accra Mover

Don't Miss Out —
Follow us on:

Dec. 19 (Bloomberg) -- Ecobank Ghana Ltd. rose the most in 13 months as pension fund managers bought shares on speculation that the lender may give a higher dividend for 2012 than a year earlier, according to Databank Financial Services Ltd.

The stock gained 1.7 percent to 3 cedis by the 3 p.m. close in the capital, Accra. That’s the biggest increase since Nov. 9, 2011, according to data compiled by Bloomberg.

“The bank has performed very well this year and it is likely it will increase dividend to shareholders,” Xorlali Torsu, stock trader at Accra-based Databank, said by phone. “We expect full-year profit to grow by at least 64 percent, year-on-year,” she said, declining to give a forecast for the dividend.

Ecobank Ghana, a unit of Lome, Togo-based Ecobank Transnational Inc., paid 24 pesewas a share last year, up from from 20 pesewas in 2010, according to its annual report.

The lender’s net income rose to 91.1 million cedis ($48 million) in the nine months through Sept. 30 from 55.5 million cedis a year before, it said on Oct. 30. Net interest income advanced to 185.7 million cedis from 91.7 million cedis a year earlier.

To contact the reporter on this story: Moses Mozart Dzawu in Accra at

To contact the editor responsible for this story: Vernon Wessels at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.