Ecobank posts $737 million profit before tax
The pan-African banking group's profit before tax rose 12% to $737 million in the first nine months of 2026.
Ecobank Group reported a profit before tax of $737 million for the first nine months of 2026, a 12% increase compared to the same period in 2025. The pan-African banking group's net banking income reached $2 billion, also up 12% year-on-year. These results were published on October 27, 2026, in Lomé.
Customer deposits grew by 14% to $27.5 billion, strengthening the group's ability to manage margin pressures from falling interest rates. The operational cost-to-income ratio stood at 47.8%, below the target range of 48-50% for 2026. Ecobank's return on tangible equity was 24.9%, with non-performing loans stable at 7.5%.
Group CEO Jeremy Awori stated that the results reflect the effectiveness of the implemented strategy and the strength of the pan-African business model. Ecobank also opened new representative offices in Beijing and signed a memorandum of understanding with China's cross-border interbank payment system (CIPS) to facilitate trade between China and Africa.
Why it mattersEcobank's financial performance and strategic international expansion directly impact investors and the broader African business environment.