Ecobank Transnational Incorporated, the parent company of the pan-African banking Group present in 35 African countries yesterday reported its unaudited financial results for the nine months ended 30 September 2013.

For the nine months ended September 2013, pre-tax profit was $299 million, up 56% from the prior year period.

Net revenue was $1,456 million, up 24% from the prior year period.

The Board of the group also announced yesterday the decision of Kolapo Lawson to stand aside as its Chairman. He will retire from the Board on 31 December 2013 and hands over to André Siaka as interim Chairman with immediate effect.

Ecobank is listed on Nigeria, Ghana, and BRVM the West African bourse.