Ecobank Transnational Incorporated (ETI) has reported a post-tax profit of N433.9 billion for the first half of 2025, representing a 40% increase compared to N311 billion posted in the same period last year.
According to the group’s unaudited financial results, gross earnings surged 24% to N2.3 trillion. Operating profit before impairment charges also recorded an increase, rising to N884.2 billion from N631.5 billion in H1 2024.
Profit before tax increased by 40% to N620.2 billion, up from N443.5 billion, while earnings per share increased to N12.27 from N8.78.
Looking to the bank’s balance sheet, loans and advances to customers increased by 10% to N16.86 trillion, while customer deposits rose by 16% to N36.6 trillion.
Total assets also recorded a notable improvement, rising by 13% to N49 trillion and total liabilities stood at N45.5 trillion compared to N40.5 trillion at the end of the 2024 financial year.
Net interest income surged by 27% to N971.7 billion, up from N763.5 billion, highlighting improved performance from lending and investment activities.
Non-interest income also rose by 28% to N766.1 billion, supported by a turnaround in net investment income, from a N941.5 million deficit in H1 2024 to N5.5 billion surplus, highlighting the bank’s ability to generate revenue beyond traditional lending.
In a related development, credit rating agency Moody’s recently upgraded Ecobank Transnational Incorporated’s outlook from negative to stable, reflecting the group’s resilient financial performance, believing Ecobank’s ability to meet recapitalisation requirements ahead of the Central Bank of Nigeria’s March 2026 deadline.
