Tuesday, July 24, 2012 / The Analyst / Proshare Research

Companies in the NEWS Today – Ecobank Plc and Skye Bank Plc

Ecobank Nigeria Plc has donated text books to secondary schools in the 34 Local Government Areas of Katsina State. The bank said the move was part of it’s corporate social responsibility activities to reach out to citizens within the area where the bank ran its business. Presenting the books to the State Deputy Governor, Alhaji Abdullahi Faskari and other officials of the state government, the Managing Director, Ecobank Nigeria, Mr. Jibril Aku, represented by the Regional Head, Domestic Bank (North West) Mr. Saidu Umar, said the bank’s vision was to build a world class pan African bank and to contribute to the economic development and financial integration of Africa.



The banking stock recorded a whopping +251.70% upbeat in 2008 while part of the gain was erased in 2009 with -61.98% losses recorded. It went down further by -66.13% and -45.00% in 2010 and 2011 respectively with flat YTD performance witnessed so far in 2012.

Skye Bank Nigeria Plc’s investors who choose to be discreet have reacted positively to the half year result for the period ended June 30, 2012 of bank. With the share price closing at N3.00 on Monday, compared to the N2.93 before the release of the result, shareholders seem to have heaved a sigh of relief in confidence on Skye Bank plc equity.



Skye Bank Plc recorded -50.03% loss in 2008 ad it further went down by -36.09% in 2009. It witnessed an impressive performance in 2010 with +60.29% gains recorded while the appreciations were erased in 2011 with the share price recording -56.36%. The financial institutions has recorded -21.88% YTD loss in 2012 but has witnessed positive growths of +12.6% in gross earnings and +12.49% in PAT. 

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