Ecobank’s Profit Climbs After Pan-African Lender Curbs Expenses
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Ecobank Transnational Inc’s profit climbed last year as Africa’s most diverse lender by geography curbed increases in expenses.
Net income more than doubled to $394.8 million from $147.8 million in 2013, the Lome, Togo-based bank said in a statement Monday published on the Nigerian Stock Exchange website.