Ecobank Group has announced financial results for the first nine months of 2025, recording a 14% increase in gross earnings to $2.305 billion, equivalent to N3.548 trillion.
The Pan-African banking institution revealed these figures in its third-quarter financial statement released on Tuesday, showing significant growth across key performance indicators compared to the same period in 2024.
According to the statement signed by Group Chief Executive Officer Jeremy Awori and Group Executive Director and CFO Ayo Adepoju, the bank’s revenue climbed 18% to reach $1.751 billion (NGN 2.707 trillion) during the nine months.
The statement released Tuesday indicated that operating profit before impairment charges demonstrated robust expansion, surging 34% to $910.775 million (NGN 1.407 trillion), while profit before tax increased 33% to $656.590 million (NGN 1.014 trillion).
The bank’s profit after tax grew by 43% to $454.463 million, translating to NGN 702.399 trillion in local currency terms.
Ecobank’s balance sheet position strengthened considerably, with total assets expanding 16% to $32.4 billion (NGN 47.974 trillion) as of September 30, 2025, compared to $27.955 billion (NGN 43.302 trillion) recorded at the end of December 2024.
Customer deposits, a key indicator of market confidence, rose 18% to $24.115 billion (NGN 35.677 trillion), while loans and advances to customers increased 15% to $11.343 billion (NGN 16.782 trillion).
The bank’s equity position also improved, climbing 39% to $2.491 billion (NGN 3.685 trillion), reflecting strong capital accumulation and investor confidence.
Earnings per share from continuing operations attributable to parent company owners reached 1.285 cents in basic terms and remained at 1.285 cents on a diluted basis, representing a 35% increase from the 0.953 cents recorded during the corresponding period in 2024.
The financial statements received board approval on October 24, 2025, with the Group Chief Executive Officer receiving a waiver from the Financial Reporting Council of Nigeria (FRCN) to sign the statements without indicating the FRC registration number.
These results underscore the bank’s continued expansion across its African markets and its resilience amid varying economic conditions across the continent. The consistent double-digit growth in earnings, profitability, and asset base positions the banking group favourably as it approaches the final quarter of 2025.
Ecobank operates in 35 African countries, making it one of the continent’s leading Pan-African banking institutions serving millions of customers across retail, corporate, and investment banking segments.
