Pan-African lender Ecobank has posted an after tax loss of Sh2 billion for 2016 weighed down by bad loan provisions and a write off of bond premium from its books.
The firm, which returned Sh90.3 million profit the previous year, said the Sh1.2 billion provisioning for bad loans and the writing off of Sh1.9 billion unarmotised premium on government bonds had pushed it back to loss.
