Ecobank Group Reports 46% Jump in Q2 Pre-Tax Profit

BREAKING NEWSAugust 3, 2025 at 9:27 PM UTC

TLDR

Pan-African lender Ecobank Transnational Incorporated (BRVM: ETIT, GSE: ETI, NGX: ETI) reported a 45.86% year-on-year rise in pre-tax profit
The result reflects broad-based growth across the bank’s 33-country network and continued momentum from core interest-earning activities
Ecobank’s total assets rose to N49.1 trillion, with loans and advances at N16.9 trillion (+9.88%) and customer deposits reaching N36.6 trillion (+15.56%)

Pan-African lender Ecobank Transnational Incorporated (BRVM: ETIT, GSE: ETI, NGX: ETI) reported a 45.86% year-on-year rise in pre-tax profit to N352.92 billion for the second quarter of 2025, marking a 32% increase over Q1 performance. The result reflects broad-based growth across the bank’s 33-country network and continued momentum from core interest-earning activities.

For the first half of 2025, the bank recorded a profit of N620.23 billion—already exceeding 60% of its full-year 2024 profit. Total operating income rose 37% year-on-year to N949.2 billion, supported by higher interest and non-interest income.

Interest income grew 28.07% to N794 billion, outpacing the 11.73% rise in interest expenses, while non-interest revenue jumped 34% year-on-year to N428.8 billion. Net interest income increased 38.7% to N520.4 billion.

Operating expenses rose 20% to N446.5 billion, while impairment charges climbed 83% year-on-year to N149.7 billion, driven by provisioning on loans.

Ecobank’s total assets rose to N49.1 trillion, with loans and advances at N16.9 trillion (+9.88%) and customer deposits reaching N36.6 trillion (+15.56%). Total equity stood at N3.62 trillion, up 30.17%. As of July 28, Ecobank’s share price stood at N34, up 21% year-to-date.

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Key Takeaways

Ecobank’s Q2 and H1 2025 results show strong fundamentals anchored in its expansive pan-African footprint and core banking operations. Growth in interest income and non-interest revenue was supported by increased customer activity, treasury operations, and a higher deposit base. The bank’s loan book and securities portfolio also expanded by N2.4 trillion and N3.07 trillion, respectively, in the first six months, reflecting active balance sheet deployment. Despite the strong topline, the 83% year-on-year jump in impairment charges suggests mounting credit risk, particularly in certain markets. With total impairments at N273 billion for H1, investors may begin to scrutinize asset quality and the sustainability of loan growth, especially in higher-risk environments. Ecobank’s continued expansion in equity and deposits signals capacity for further lending and investment, but attention is likely to shift toward translating operational strength into consistent shareholder returns. With the share price up 21% year-to-date, future performance may depend on dividend signals and how the bank manages the cost of risk in a high-rate environment.

Finance

Financial Services

Ecobank

BRVM

ETIT

Banking