Ecobank Group Reports $398 Million Profit Before Tax and $1.1 Billion in Net Revenue for H1 2025

...Pan-African bank cites strong revenue growth, operational efficiency and digital innovation

Ecobank Group has announced its unaudited financial results for the first half of 2025, reporting a 23% year-on-year increase in profit before tax to $398 million.

Despite economic headwinds in several key markets, the Pan-African banking group recorded strong revenue growth and improved operational efficiency. Net revenue rose 12% year-on-year to $1.1 billion, while the Group’s cost-to-income ratio improved to 49.1%, its best performance in over a decade.

Customer deposits increased by $3.4 billion to $23.9 billion, with 83% held in low-cost current and savings accounts, reflecting growing customer confidence in the Group’s offering.

“The Group’s financial performance for the first half of 2025 demonstrated resilience in the face of macroeconomic uncertainties. They showcased the advantages provided by the Group’s diversified business model and the effectiveness of our Growth, Transformation, and Returns (GTR) strategy,” said Jeremy Awori, Chief Executive Officer, Ecobank Group.

Strong divisional performance

The Corporate and Investment Banking division delivered a 44% year-on-year rise in profit before tax to $323 million, supported by stronger asset and liability management and increased client demand for foreign exchange and trade finance services.

Consumer and Commercial Banking posted a 10% increase in profit before tax to $216 million, driven by continued momentum across small and medium-sized enterprises and high-value individual customers.

Robust regional growth

Regional performance was also strong across Ecobank’s footprint:

• Francophone West Africa reported a 12% rise in profit before tax to $176 million.

• Anglophone West Africa delivered $175 million in profit before tax, up 19%, supported by strong performance in Ghana.

• Nigeria recorded a 45% increase in profit before tax, reflecting signs of recovery despite economic pressures.

• Central, Eastern, and Southern Africa saw profit before tax grow by 27% to $207 million.

Improving asset quality and capital strength

Asset quality continued to improve, with the non-performing loan ratio falling to 5.7% from 6.7% at the end of 2024. The Group maintained capital buffers approximately 300 basis points above regulatory minimums.

Investments in digital infrastructure and innovation

Over the past six months, Ecobank has made significant investments in digital infrastructure and customer experience. A landmark partnership with Google Cloud—marking the first collaboration of its kind for an African banking group—will enhance data architecture, cybersecurity, and scalable payments innovation.

Awori noted that the Group has also deployed hundreds of new ATMs and invested in advanced systems across loan management, transaction banking, and wealth management.

“As the Group approaches its 40th anniversary, we remain committed to delivering world-class financial services, deepening inclusion, and unlocking long-term value for customers, partners, shareholders, and communities across Africa,” Awori concluded.