Pan-African banking group Ecobank H1 pretax profit up 47 pct

A motorcyclist rides past the Ecobank headquarters in Lome, Togo, June 6, 2015. REUTERS/Noel Kokou Tadegnon·Reuters· (Reuters)

LAGOS (Reuters) - Ecobank posted a 47.4 percent jump in half year pretax profit to 61.41 billion naira ($309 million) versus the same period a year ago, the Pan-African banking group said on Thursday. Ecobank said gross earnings climbed to 211.32 billion naira in the period to end-June from 175.05 billion naira a year ago. "We continued to drive cost efficiencies in our businesses and our cost-income ratio improved to 62.5 percent compared to 68.1 percent in the previous year," Albert Essien, Ecobank's chief executive officer said in a statement. ($1 = 198.9800 naira)

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