Ecobank profits drop 46%
Ecobank Rwanda recorded a Rwf171.2 m shortfall in net profits in 2010 from Rwf366.7m in 2009 representing, a 46 per cent drop. The bank’s 2010 financial statement indicates that it realised a net profit of Rwf195.4m as liabilities increased by 50.6 per cent from Rwf52.6b to Rwf79.3b.
