Ecobank Transnational Incorporated (ETI) has released the group’s financial results for the half year (H1) ended June 30, 2025.
The Group’s pan-African operations are categorised into four geographical regions – Francophone West Africa (UEMOA), Nigeria, Anglophone West Africa (AWA), and Central, Eastern and Southern Africa (CESA).
The group profit before tax (PBT) of $398million in H1’25 represents 23 percent year-on-year (YoY) increase or 27 percent increase in constant currency from $324million PBT recorded in H1’24.
Group profit after tax (PAT) attributable to ETI shareholders was $194 million for the first six months of 2025, an increase of 23 percent or 28 percent in constant currency.
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The increase in PAT was primarily due to modest margin expansion driven by lower interest rates paid on interest-bearing deposits, robust client-driven foreign exchange activity, asset-liability management actions, and higher payment fees.
The group’s net revenue printed higher at $1.117 billion in the first six months of 2025, increasing by 12 percent or 16 percent in constant currency. The Group’s net interest income was $624 million for the first six months, ending June 30, 2025, and the increase was 12 percent or 15 percent in constant currency. Group non-interest revenues (NIR) were $492 million for the first six months ended June 30, increasing by 13 percent or 16 percent in constant currency.
Ecobank group gross loans and advances were $11.6 billion as of June 30, up 14 percent or 5 percent in constant currency year-on-year and 10 percent year-to-date (YtD). Group customer deposits were $23.9 billion as of 30 June 2025, up 26percent or 16 percent in constant currency YoY and 17 percent YtD, respectively.
Jeremy Awori, CEO of Ecobank Group, said: “Our half-year results reflect strong execution of our Growth, Transformation, and Returns (GTR) strategy and the resilience of our diversified pan-African business model. Despite a challenging macroeconomic environment, we delivered a 23 percent increase in Profit Before Tax year-on-year to $398million, while Return on Tangible Equity reached 30.5percent. For the first time in over a decade, we reduced our Groupwide cost-to-income ratio to below 50percent through strong revenue growth, disciplined cost management, and operational efficiency.
“Our Consumer and Commercial Banking businesses continued to build momentum, generating $3.4 billion in new deposits, 83percent of which were low-cost CASA accounts. We enhanced our Corporate and Investment Banking capabilities, improved profitability across our major markets, and saw encouraging performance in the CESA region,” Awori noted.
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“These results validate our commitment to scaling with discipline and sharpening our customer focus across our network. We also made meaningful investments in technology, distribution, and customer experience, rolling out hundreds of new ATMs, enhancing our mobile and business apps, and growing our Xpress Point agency banking network. Furthermore, we invested in advanced loan management systems, transaction banking platforms, and wealth management solutions to ensure our customers receive world-class products and services,” he said.
“Partnerships are central to our strategy, and our partnership with Google Cloud, the first of its kind in Africa, will further modernise our infrastructure and enable us to scale payment innovation, Banking-as-a-Service, and secure digital ecosystems.
As we look ahead to the second half of 2025 and the Group’s 40th anniversary, we remain committed to delivering world-class financial services, deepening inclusion, and unlocking long-term value for our customers, partners, and communities across Africa,” Awori concluded.
