Ecobank Rwanda Reports 240% Increase in Net Profit

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Ecobank Rwanda,Net Profit,Digital Channels

Ecobank Rwanda recorded Rwf7.6 billion net profit in 2023, representing a 240 percent increase from Rwf2.2 billion recorded in 2022. The bank attributed the performance to its efforts in building scale across digital channels and platforms.

Ecobank Rwanda recorded a net profit of Rwf7.6 billion in 2023, a 240% increase from the previous year. The bank attributed this growth to its efforts in building scale across digital channels and platforms, as well as active client acquisition and superior merchant solutions. Investments in infrastructure and systems have supported the bank's digitalization agenda, with most transactions being conducted through digital channels . The bank also saw a revenue growth of Rwf25.

9 billion, driven by improved economic activities

Ecobank Rwanda Net Profit Digital Channels Revenue Growth Infrastructure Systems

 

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