Ecobank Group sees profit-before-tax topping $650 million to close 2025

November 6, 2025 in Finance, Financial Services by Editor

Awori said the results demonstrate the ongoing success of the Group’s Growth, Transformation, and Returns (GTR) strategy and the advantages of a diversified and synergistic business model, coupled with a steadily improving economic environment across Ecobank’s key markets.

Lome-based, Ecobank Group has released unaudited results for 2025, ending September 30, reporting a profit-before-tax of $657 million from total revenues of $1.8 billion.

Currently under the leadership of Jeremy Awori, the Group has a presence in 35 sub-Saharan African countries including Uganda. On announcing the results he said, “We are pleased to report strong results for the nine months ending September 2025. Our return on tangible equity was 31.2 pc, tangible book value per share increased by 83 pc, and profit before tax rose 34% pc to $657 million. Our cost-to-income ratio (CIR) improved from 54.5 pc in the same period last year to 48 pc.”

“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.

Corporate and Investment Banking (CIB) provided the bulk of bank’s the profits in 2025. CIB profit before tax was $526 million (unadjusted for consolidation adjustments), up 43 pc, and driven by positive operating leverage (revenue growth outpaced expense growth) and lower impairments.

Meanwhile, Consumer and Commercial Banking (CCB) profit before tax was $354 million, up 21 pc, driven by positive operating leverage, and partially offset by higher impairment charges. Consumer Banking (CSB) reported a profit before tax was $147 million, up 25 pc while Commercial Banking (CMB) generated $207 million, up 18 pc.

Awori said, “We are encouraged by our group-wide revenue growth of 18 pc (totaling $1.8 billion), which has been the fastest in a decade, with each line of business performing well. In CIB, revenues grew by 18 pc, supported by focused client account planning, strong origination and execution discipline, and better cross-selling and product offerings. CCB, revenues increased by 13 pc, driven by a significant growth in active customers, deposits, and investments, and various initiatives to serve our customers better.”

He said the Group has invested in and improved its digital channels and mobile banking, as well approximately 400 new state-of-the-art ATMs across the Ecobank network. He said this would improve customer experience and help drive financial inclusion.

“We have also significantly enhanced our Ellevate program to support women entrepreneurs throughout Africa, renewed focus on the agricultural sector, and improved digital account opening, wealth management services, and lending,” he said.

Recently Ecobank signed an agreement with Singapore-based global payment platform, Thunes to collaborate on enabling instant cross-border payments for individuals and businesses across Sub-Saharan Africa, beginning in Togo.

“In our payments, Fintech, and cross-border remittances business, revenues rose by 13 pc to $221 million, which accounted for 13 pc of our group-wide revenues, primarily driven by a 20 pc increase in Disbursement Services, and a 14 pc growth in Cards,” Awori said.

The Group’s net interest income reached $1,009 million for the nine months ending 30 September 2025, reflecting a 21 pc increase, or a 19 pc increase in constant currency. Interest earned on interest-earning assets rose by 13 pc to $1,508 million, driven by higher income from government treasury bills from the CIB unit and increased CCB lending activity.