Ecobank Group has reported a profit before tax of $657 million for the first nine months of 2025, a 34% increase from last year.
The strong performance was driven by solid revenue growth, disciplined cost management, and the continued execution of its Growth, Transformation and Returns (GTR) strategy.
According to the Group, their performance underscores Ecobank’s earnings resilience and capacity to generate strong returns despite a dynamic operating environment.
In a press release dated October 29, Ecobank said their net revenue rose 18% year-on-year to $1.8 billion, reflecting broad-based momentum across business lines and regions.
Earnings per share also climbed 36% to 1.29 US cents ($0.01), while the bank’s return on tangible equity (ROTE) reached an impressive 31.2% — one of the highest among African financial institutions.
Ecobank added that they achieved a record cost-to-income ratio (CIR) of 48%, down from 54.5% a year ago, which is a record breaking low.
The Group also generated 14% positive operating leverage, as revenue growth far outpaced operating expense growth of just 4%.
“The balance sheet remained resilient, supported by strong liquidity and capital buffers,” the statement read.
Ecobank also reported that customer deposits increased by $3.7 billion to $24.1 billion, while gross loans grew by $1.7 billion to $12.2 billion.
Asset quality also improved, with the non-performing loan (NPL) ratio declining to 5.3% from 7.0% in the first quarter of 2024.
“This reflects the continued success of loan recovery and risk remediation initiatives,” they noted.
The Group also maintained a sound capital position, with an estimated CET1 ratio of 12.9% and total capital adequacy ratio (CAR) of 16.8%, both comfortably above regulatory minimums.
The payments business also performed strongly, generating $221 million in revenue, up 13% year-on-year, with growth led by wholesale payments and card services.
The CEO of Ecobank, Jeremy Awori said the results demonstrate the success of Ecobank’s transformation strategy and the strength of its pan-African business model.
“We are pleased to report strong results for the nine months ending September 2025,” he stated.
“These results demonstrate the ongoing success of our Growth, Transformation, and Returns (GTR) strategy, the advantages of our diversified and synergistic business model, and a steadily improving economic environment across our key markets.”
He said the group is encouraged by their revenue growth and expressed gratitude to all that have helped sustain them for 40 years.
“As Ecobank begins its 40th anniversary celebrations this October, we are grateful to all those who have helped build the foundation upon which we continue to deliver financial solutions to businesses, governments, and households, fostering economic and financial integration across Africa.”oo
