Ecobank profit jumps 29% to N950bn

Ecobank Transnational Incorporated has reported a 29 per cent rise in profit after tax to N950.0bn for the financial year ended December 31, 2025, driven by growth in interest income and non-interest revenue.

This was indicated in the Condensed Consolidated Unaudited Financial Statements for the year ended December 2025 filed on the Nigerian Exchange Limited on Friday.

According to the report, the pan-African banking group’s gross earnings rose 14 per cent to N4.82tn, while total revenue increased 18 per cent to N3.67tn. Profit before tax climbed 30 per cent to N1.28tn, up from N986.7bn in 2024. Operating profit before impairment charges rose 29 per cent to N1.89tn.

In the period under review, net interest income grew 22 per cent year on year to N2.14tn, supported by a 15 per cent increase in interest income to N3.18tn. Interest expense rose modestly by four per cent to N1.04tn

Non-interest revenue also strengthened, rising 13 per cent to N1.53tn, buoyed by a 17 per cent increase in fee and commission income to N1.03tn, and a 14 per cent growth in trading income and foreign exchange gains to N559.36bn.

However, other operating income declined 22 per cent to N68.6bn, while net losses on investment securities widened to N10.98bn. Impairment charges on financial assets rose 28 per cent to N613.26bn, reflecting higher credit risk provisioning during the period. Despite this, operating profit after impairment increased 30 per cent to N1.28tn.

Total profit stood at N950.0bn, compared to N735.9bn in 2024. Total assets expanded 14 per cent to N49.44tn, up from N43.30tn in 2024.

Loans and advances to customers increased 11 per cent to N17.09tn, while deposits from customers rose 15 per cent to N36.45tn, reinforcing the bank’s funding base. Total equity strengthened significantly, rising 50 per cent to N4.17tn, driven largely by retained earnings growth.

Equity attributable to ordinary shareholders stood at N2.91tn, up from N1.75tn. Total liabilities increased to N45.27tn, from N40.52tn in the previous year.

Ecobank operates in 34 African countries and several international financial centres, serving more than 32 million customers across consumer, commercial, corporate, and investment banking segments.