Ecobank presents almost GHC40 million as dividend to SSNIT

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Ecobank has presented almost GHC40 million as dividend payment to the Social Security and National Insurance Trust (SSNIT).

This was as a result of some GHC325 million profit posted by the multinational bank in 2016.

Ecobank is making the payment despite the marginal growth in its profit for last year. The state pension trust currently holds 47 million shares in the Ecobank, representing 16.19 percent stake in the institution.

Over the past five years, dividend payment has also witnessed some significant increase, that is from GHC13 million in 2012 to GHC40 million for 2016.

The dividend for each share held by Ecobank has also witnessed some significant increase, from GHC0.29 in 2012 to GHC0.84 in 2015.

Making the presentation, Board Chair of Ecobank, Terrence Darko said the Bank is making the payment despite the challenging economic environment, adding that as a bank they are committed delivering some good returns a significant shareholder in the bank.

Director General of SSNIT, Dr. John Ofori- Tenkorange on his part said as an investor, they are always looking forward to good returns to help improve upon contributor’s returns.

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