The recently released financial statement for Ecobank Malawi has revealed that during the half year ended June 2020, the bank posted a K4 billion after tax profit, representing 5% increase.

The bank has said the above shows the firm’s resilience from the leadership position in trade finance, the digitisation of products and services and better efficiency in delivering  customer-centric services.

The statement was co-signed by the bank Board Chairman Leonard Chikadya and Managing Director Charles Asiedu. In January, a financial statement for Ecobank Malawi had posted a 45% profit at K7.1 billion for the year ended December 31 2019. The year under review saw tough economic conditions arising from effects of the May 21 2019 Tripartite Elections, but the bank made it regardless.