Ecobank Transnational (ETI) Reports 9M 2026 Earnings Results

Ecobank Transnational Incorporated (ETI) has released its nine-month 2026 earnings, showing a profit before tax of $737 million, up 12% year-on-year. Profit attributable to ETI shareholders rose 17% to $364 million, while earnings per share increased 15% to $0.0148 (1.48 US cents).

Net revenue reached $2.0 billion, up 12%, with payment revenue contributing $241 million, up 9%. The cost-to-income ratio improved marginally to 47.8%, down 20 basis points from the prior period, sitting below the group's 2026 target range of 48% to 50%.

Customer deposits grew 14% to $27.5 billion, with current and savings account deposits rising 16% to $23.3 billion. Gross loans and advances stood at $12.9 billion, up 6%.

On a regional basis, the Nigeria segment reported revenue of $126 million and a profit before tax of $7 million, with a return on equity of only 2.6%, the weakest across all four regions. CESA led with an ROE of 35.9%, followed by AWA at 28.0% and UEMOA at 22.4%.

The group's estimated Common Equity Tier 1 ratio was 12.9% and Total Capital Adequacy Ratio was 16.9% as of 30 September 2026. The non-performing loan ratio was 7.5%, within the group's 2026 target range of 6% to 8%.