Ecobank Transnational ETI H1 2026 Results: PBT $423m

Ecobank Transnational Incorporated (ETI) has released its half-year 2026 results, reporting a Profit Before Tax (PBT) of $423 million, up 6% year-on-year. Attributable profit to ETI shareholders came in at $198 million, a 2% increase, with Earnings Per Share of $0.0080 (0.80 US cents).

Group net revenue grew 15% to $1.3 billion, with non-interest revenue accounting for 41.4% of that total. Payment revenue rose 10% to $156 million. The cost-to-income ratio improved to 48.4% from 49.1% in the first half of 2025. Digital transaction values increased 33% to $78.5 billion.

On capital, the Group's Common Equity Tier 1 ratio stood at 13.3% and Total Capital Adequacy Ratio at 17.4% as of 30 June 2026. Tangible book value per share grew 24% year-on-year to $0.075.

Regional performance varied significantly. The CESA region led with an ROE of 35.4%, followed by AWA at 29.0% and UEMOA at 22.7%. Nigeria's ROE came in at 3.0%, the lowest across all reported regions, with the Nigeria segment generating revenue of $91 million and PBT of $6 million. In June 2026, ETI issued a $450 million Tier 2 Sustainable Agriculture and Natural Capital Bond on the London Stock Exchange, which attracted demand of approximately $1.36 billion.