• Ecobank posted a net profit of $454.5 million, up 34% year-on-year.

• Revenue rose 18% to $1.75 billion, driven by growth in all business lines.

• The group’s balance sheet expanded 22% to $32.4 billion.

As of September 2025, pan-African banking group Ecobank Transnational Incorporated (ETI) reported a pre-tax profit of $656.6 million, up 33% from a year earlier, with consolidated net profit rising 34% to $454.5 million.

Net banking income reached $1.75 billion compared with $1.48 billion a year earlier, marking an 18% increase.

This performance reflects “the continued success of our strategy focused on growth, transformation, and returns,” said Jeremy Awori, the group’s chief executive officer, in a statement. According to him, the return on tangible equity stood at 31.2%, while tangible book value per share rose by 83%.

All business segments show growth

The corporate and investment banking (CIB) division recorded an 18% revenue increase, driven by targeted client management and an expansion of market products. The retail and SME banking segment grew 13%, supported by a rise in customer numbers, deposits, and investments.

Ecobank also continued upgrading its digital services, deploying nearly 400 new ATMs across the continent and updating its mobile applications and digital lending platforms.

Total assets rose 22% year-on-year to $32.4 billion. Customer deposits increased 23% to $24.1 billion, while customer loans climbed 17% to $11.3 billion. Group equity exceeded $2.49 billion, compared with $1.62 billion a year earlier, representing growth of more than 50%.

The group, which operates in 35 markets, said this growth demonstrates its strong capital base and risk-absorption capacity, despite a 38% rise in the cost of risk to $254.7 million.