Ecobank Transnational Incorporated (ETI) has reported a robust performance for the third quarter of 2025, with profit before tax rising 47% year-on-year to N394.6 billion, driven by higher interest income, strong foreign exchange gains, and solid non-interest revenue.
According to the bank’s unaudited financial statements for the period ended September 30, profit after tax also surged 48% to N268.5 billion, despite increased provisioning and a one-off loss from discontinued operations.
The strong Q3 results pushed Ecobank’s nine-month pre-tax profit to N1.01 trillion, marking a 42% year-on-year increase, while profit after tax for the period rose 43% to N702.4 billion, reflecting the Group’s sustained operational momentum across its pan-African network.
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Strong Topline and Revenue Growth
Ecobank’s impressive showing was underpinned by a blend of improved lending activity, higher interest rates, and growing digital income. Interest income climbed 20% to N841.7 billion, buoyed by increased loan volumes and better pricing.
The Group’s net interest income rose 34% to N588.1 billion, while non-interest revenue reached N381.5 billion, up 12% year-on-year, reflecting the growing contribution of digital transactions and fee-based income.
On the treasury side, Ecobank recorded N154.3 billion in FX and trading income, a 19% jump from the previous year, as it leveraged market volatility and strong treasury operations across its 33-country footprint.
Overall, total operating income for Q3 stood at N969.6 billion, representing a 24% increase from the same period in 2024.
Cost Discipline and Risk Management
Despite operating in several African markets facing inflationary pressures and currency depreciation, Ecobank managed to contain cost growth, with operating expenses rising just 3% to N446.2 billion in Q3 2025.
However, the Group maintained a prudent risk stance, with impairment charges increasing 64% to N129.7 billion, reflecting a conservative approach to credit risk and provisioning amid volatile economic conditions.
Healthy Balance Sheet and Shareholders’ Value Growth
Ecobank’s balance sheet remained resilient, with total assets up 11% year-on-year to N47.97 trillion. Customer deposits grew 13% to N35.68 trillion, while loans and advances expanded 9% to N16.78 trillion.
Shareholders’ funds surged 33% to N3.69 trillion, driven by retained earnings, FX translation gains, and fair value adjustments. This demonstrates the Group’s commitment to capital growth and sustainable returns for investors.
CEO Commentary: “Resilience Across Our Markets”
Commenting on the results, Mr. Jeremy Awori, Group Chief Executive Officer, said the performance reflects “resilience in the face of macroeconomic uncertainty” and validates Ecobank’s strategy of sustainable growth and digital innovation.
“We’re pleased with the strong momentum across our businesses this quarter. Our continued investment in digital capabilities and our ability to serve customers across 33 markets is paying off,” Awori said. “Despite persistent inflation and FX volatility in many of our markets, we’ve delivered solid earnings, strengthened our capital, and deepened customer trust.”
Ecobank’s Q3 performance underscores its strong operational fundamentals, improved efficiency, and balanced growth strategy. However, analysts note that continued currency devaluations, rising credit risks, and macroeconomic headwinds across some African markets could test the Group’s asset quality and profitability in subsequent quarters.
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