Ecobank Transnational Incorporated posted a 30 per cent rise in profit before tax to ₦1.28 trillion, supported by growth in interest income, fees and customer deposits.
The pan-African lender reported this in its 2025 unaudited financial statements for the year ended December 31, 2025, released on Friday.
A review of the results by Pinnacle Daily shows that profit after tax increased 29 per cent to ₦950 billion, while total revenue grew 18 per cent to ₦3.67 trillion.
Net interest income was the main driver of earnings, rising 22 per cent to ₦2.14 trillion, reflecting higher income from loans and other interest-earning assets.
Non-interest revenue also grew by 13 per cent to ₦1.53 trillion, supported by a 17 per cent rise in net fee and commission income.
Within this segment, cash management fees contributed ₦491.7 billion, while card management fees generated ₦179.1 billion, highlighting the bank’s continued focus on transaction banking and digital services.
Balance sheet nears ₦50trn
Ecobank’s balance sheet expanded during the year as total assets rose 14 per cent to ₦49.44 trillion.
Loans and advances to customers increased 11 per cent to ₦17.09 trillion, while customer deposits climbed 15 per cent to ₦36.45 trillion, reflecting continued growth in funding and lending activities.
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The Group also strengthened its capital position as total equity increased by 50 per cent to ₦4.17 trillion, compared with ₦2.78 trillion in 2024.
Staff expenses rise to ₦771.4bn
Ecobank’s operating expenses rose 8 per cent to ₦1.77 trillion as staff costs accounted for a significant portion of this increase, rising 16 per cent to ₦771.4 billion.
The bank increased its impairment charges on financial assets by 28 per cent to ₦613.3 billion, indicating higher provisioning for credit risks.
In addition, Ecobank recorded a ₦9.38 billion loss from discontinued operations, including a ₦6.7 billion loss related to the sale of certain activities.
Pinnacle Daily reports that Ecobank operates in 34 sub-Saharan African countries, serving more than 32 million customers through its digital and physical channels.
Alex is a business journalist cum data enthusiast with the Pinnacle Daily. He can be reached via ealex@thepinnacleng.com, @ehime_alex on X
