Ecobank Reports Over N1 Trillion Profit in 2025

In 2025, Ecobank surpassed the N1 trillion profit threshold for the first time, reporting gross earnings of approximately N4.88 trillion, a 16% year-on-year increase. Profit before tax rose by 23% to N904.7 billion, reflecting broad-based revenue growth and improved operational efficiency.

However, analysts highlighted a significant structural shift in Ecobank's earnings composition, with increasing reliance on fixed income markets rather than traditional lending. Treasury income surged to N1.4 trillion, accounting for 29% of gross earnings, while loans from customers represented roughly one-third of total earnings.

Despite a 15% increase in customer deposits to N36.4 trillion, loan growth was only 10%, prompting a shift towards safer interest-bearing securities. The Nigerian business reported a pre-tax loss due to deteriorating asset quality, with impairments rising 40% to N707.53 billion, significantly impacting the non-performing loan ratio.

Analysts caution that the reliance on treasury income may expose earnings to interest rate volatility.