Ecobank Group Reports $398m Pre-tax Profit, $1.1bn Net Revenue In H1

Ecobank Group’s unaudited monetary outcomes for the primary half (H1) of 2025 present a revenue earlier than tax of $398 million and web income of $1.1 billion.

The Group’s outcomes, launched on the Nigerian Alternate, confirmed sturdy progress and improved effectivity regardless of financial challenges in key markets. Gross earnings grew 9 per cent to $1.482 billion from $1.362 billion in H1 2024, whereas web income was up by 12 per cent to $1.117 billion from $993.977 million.
Working revenue earlier than impairment rose by 23 per cent year-on-year to $568.1 million. Revenue earlier than tax elevated by 23 per cent to $398.5 million towards $324.093 million, whereas revenue after tax additionally superior by 23 per cent to $278.8 million in comparison with $227.277 million in H1 2024.

Clients’ loans and advances rose by 11 per cent yearly to $11.0 billion, whereas deposits rose 17 per cent to $23.9 billion. The Group’s complete property appreciated by 15 per cent to $32.0 billion.

Talking on the efficiency, Ecobank Group’s chief govt officer, Jeremy Awori, stated, “ Our half-year outcomes mirror sturdy execution of our Development, Transformation, and Returns (GTR) technique and the resilience of our diversified pan-African enterprise mannequin.

“Regardless of a difficult macroeconomic setting, we delivered a 23 per cent improve in revenue earlier than tax year-on-year to $398 million, whereas Return on Tangible Fairness reached 30.5 per cent.

“For the primary time in over a decade, we lowered our Group-wide cost-to-income ratio to under 50 per cent by means of sturdy income progress, disciplined value administration, and operational effectivity.”

He famous that “our Shopper and Business Banking companies continued to construct momentum, producing $3.4 billion in new deposits, 83 per cent of which have been low-cost CASA accounts. We enhanced our Company and Funding Banking capabilities, improved profitability throughout our main markets, and noticed encouraging efficiency within the CESA area. These outcomes validate our dedication to scaling with self-discipline and sharpening our buyer focus throughout our community.”

Awori added, “We additionally made significant investments in know-how, distribution, and buyer expertise, rolling out a whole lot of recent ATMs, enhancing our cell and enterprise apps, and rising our Xpress Level company banking community.

“Moreover, we invested in superior mortgage administration methods, transaction banking platforms, and wealth administration options to make sure our prospects obtain world-class services and products.”

He disclosed, “As we sit up for the second half of 2025 and the Group’s fortieth anniversary, we stay dedicated to delivering world-class monetary companies, deepening inclusion, and unlocking long-term worth for our prospects, companions, and communities throughout Africa.”