Ecobank Group Reports 40% Surge in H1 2025 Profit Before Tax to NGN 620.2 Billion

Ecobank Transnational Incorporated (ETI) has reported a 40% year-on-year surge in profit before tax to NGN 620.2 billion for the six months ended June 30, 2025, underscoring the pan-African lender’s operational strength and earnings momentum across its regional footprint.

Gross earnings climbed 24% to NGN 2.31 trillion, driven by a 21% increase in interest income and a 28% rise in non-interest revenue. The bank’s total revenue rose by 28% year-on-year to NGN 1.74 trillion, reflecting improved customer activity and diversified income streams across retail, commercial, and corporate banking segments.

Operating profit before impairment charges grew 40% to NGN 884.2 billion, bolstered by controlled cost growth and stronger fee-based income. Ecobank’s cost-to-income ratio improved due to slower growth in expenses, up only 17%, while impairment charges also rose 40%, aligning with loan book expansion.

Profit after tax mirrored pre-tax gains, also rising 40% to NGN 433.9 billion. Meanwhile, total assets increased 13% to NGN 49.1 trillion, reflecting stronger deposit mobilization and loan growth. Customer deposits rose 16% to NGN 36.56 trillion, while loans and advances expanded 10% to NGN 16.86 trillion.

ETI’s balance sheet strength was further solidified with a 30% increase in total equity to NGN 3.62 trillion, underscoring improved retained earnings and capital adequacy. CEO Jeremy Awori credited the performance to “strong franchise execution, digital growth, and prudent risk management.”