Ecobank posts 29% rise in 2025 profit after tax to N950bn as interest and fee income grow, despite higher impairment charges

Ecobank Transnational Incorporated has reported a 29 per cent increase in profit after tax to N950.0bn for the financial year ended December 31, 2025, driven by strong growth in interest income and non-interest revenue.

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The figures were disclosed in the bank’s Condensed Consolidated Unaudited Financial Statements filed with the Nigerian Exchange Limited on Friday.

Gross earnings rose 14 per cent to N4.82tn, while total revenue climbed 18 per cent to N3.67tn. Profit before tax increased 30 per cent to N1.28tn, up from N986.7bn recorded in 2024.

Operating profit before impairment charges also grew 29 per cent to N1.89tn.

Net interest income expanded 22 per cent year-on-year to N2.14tn, supported by a 15 per cent rise in interest income to N3.18tn. Interest expense increased modestly by four per cent to N1.04tn.

Non-interest revenue strengthened 13 per cent to N1.53tn, driven by a 17 per cent increase in fee and commission income to N1.03tn, alongside a 14 per cent growth in trading income.

However, other operating income declined 22 per cent to N68.6bn, while net losses on investment securities widened to N10.98bn.

Impairment charges on financial assets rose 28 per cent to N613.26bn, reflecting higher credit risk provisioning during the period.

Despite the higher impairment costs, operating profit after impairment still increased 30 per cent to N1.28tn.

Total assets expanded 14 per cent to N49.44tn, up from N43.30tn in 2024. Loans and advances to customers grew 11 per cent to N17.09tn, while customer deposits rose 15 per cent to N36.45tn, strengthening the bank’s funding base.

Total equity surged 50 per cent to N4.17tn, largely driven by growth in retained earnings. Equity attributable to ordinary shareholders stood at N2.91tn, compared to N1.75tn in the previous year.

Total liabilities increased to N45.27tn from N40.52tn.

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Ecobank operates in 34 African countries and several international financial centres, serving more than 32 million customers across consumer, commercial, corporate, and investment banking segments.