Ecobank Group Posts $398M Profit Before Tax in H1 of 2025 Amid Strong Revenue Growth
Ecobank Group has reported robust financial results for the first half of 2025, with profit before tax soaring to $398 million, a 23% increase from the same period in 2024.
The pan-African banking giant also recorded $1.1 billion in net revenue, reflecting 12% year-on-year growth, as it continued to defy macroeconomic challenges across its key markets.
According to the unaudited results released from the Group’s headquarters in Lomé, Togo, Ecobank’s cost-to-income ratio improved significantly to 49.1%, its best in over a decade. Customer deposits surged by $3.4 billion, reaching $23.9 billion, with a notable 83% held in low-cost current and savings accounts, demonstrating rising customer confidence.
Jeremy Awori, Chief Executive Officer of Ecobank Group, attributed the bank’s solid performance to its diversified business model and the effective execution of its Growth, Transformation, and Returns (GTR) strategy.
“Despite macroeconomic uncertainties, our performance in the first half of 2025 reflects the strength of our franchise, the discipline of our strategy and our resilience as a pan-African institution,” Mr. Awori said.
The bank’s Corporate and Investment Banking division led the earnings surge with a 44% jump in profit before tax to $323 million, driven by increased client demand for foreign exchange and trade finance services. Consumer and Commercial Banking also posted a 10% increase in profit before tax, amounting to $216 million, buoyed by growth in SME and high-net-worth segments.
Regional operations showed strong results, particularly in Anglophone West Africa, where profit before tax rose 19% to $175 million, underpinned by a strong recovery in Ghana. Nigeria posted a 45% improvement, indicating signs of a turnaround in one of its most challenging markets. Francophone West Africa recorded a 12% increase to $176 million, while Central, Eastern, and Southern Africa delivered a 27% rise to $207 million.
Asset quality also improved, with the ratio of non-performing loans declining to 5.7% from 6.7% at the end of 2024. Ecobank continues to maintain capital buffers around 300 basis points above regulatory thresholds.
The Group has been ramping up its investments in digital infrastructure and customer experience. Notably, it recently entered into a strategic partnership with Google Cloud to enhance data architecture, payment innovation, and cybersecurity, marking a first for any African bank. It also rolled out hundreds of new ATMs and made notable advancements in loan management and wealth solutions platforms.
“As we approach our 40th anniversary, we remain focused on delivering world-class banking services and unlocking long-term value for our stakeholders,” Awori said.
Ecobank serves over 32 million customers across 35 sub-Saharan African countries, as well as in France, the UK, UAE, and China. The Group employs more than 14,000 staff across its vast operations.
