×
App Icon
The Standard e-Paper
Informed Minds Prefer The Standard
★★★★ - on Play Store
Download Now

Cleaning Ecobank books sends lender into losses

PHOTO:COURTESY

The tough accounting measures the new management at Ecobank has adopted have driven the lender to a Sh2 billion loss.

The bank has factored in bad loans and written off expectations from revised earnings on Government bonds once, instead of staggering the losses over years.

Get Full Access for Ksh299/Week
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in