Ecobank Group has posted a Profit Before Tax (PBT) of $737 million for the first nine months of 2026, representing a 12% increase year-on-year. The bank's net revenue also rose by 12% to $2.0 billion. This growth was supported by the bank's focus on operational efficiency, customer deposit mobilisation, technology investments, and disciplined execution of its Growth, Transformation and Returns (GTR) strategy.
The bank's customer deposits grew to $27.5 billion, while maintaining a strong liquidity and capital position. The group's cost-to-income ratio improved to 47.8%, ahead of its target range of 48% to 50%, reflecting ongoing efficiency initiatives across the business. According to the bank, performance was supported by Ecobank's diversified business model and geographic footprint.
Ecobank's diversified business model contributed to the growth, with Central Eastern and Southern Africa (CESA) delivering a 20% increase in Profit Before Tax, while Anglophone West Africa (AWA) recorded 10% growth. However, the bank experienced softer results in Francophone West Africa (UEMOA) and Nigeria. The group also benefited from balanced contributions from its corporate and investment banking and commercial and consumer banking businesses.
The bank's payments and digital businesses remained important growth drivers, with payment revenue increasing by 9%, supported by sustained investment in technology platforms and digital capabilities. Group Chief Executive Officer of the bank, Jeremy Awori, said the results demonstrate the resilience of the Group's franchise across multiple markets.
Jeremy Awori stated that the bank achieved a profit before tax of $737 million, an increase of 12% year-on-year, and a return on tangible equity of 24.9%. He also mentioned that customer deposits rose 14% to $27.5 billion, with current and savings accounts accounting for 85% of the total, reflecting the confidence and trust customers have in the bank.
The bank's non-performing loan (NPL) ratio remained broadly stable during the quarter at 7.5%, within its 2026 target range of 6% to 8%, reflecting continued discipline in portfolio and risk management. Awori noted that energy prices, inflation, and foreign exchange volatility are real risks, but the bank's strong deposit base, liquidity, and capital position position it well to drive further growth.
During the period, Ecobank continued to strengthen its international presence through the opening of its new Beijing Representative Office premises and the signing of a protocol with the Chinese Cross-Border Interbank Payment System (CIPS). The Group also concluded its Ecobank@40 celebrations with a $2.6 billion commitment aimed at supporting women-owned businesses and agriculture across Africa.
Key points
- Ecobank Group reports $737 million Profit Before Tax and $2 billion revenue for nine months of 2026.
- The bank's customer deposits grew to $27.5 billion, while maintaining a strong liquidity and capital position.
- Ecobank's diversified business model contributed to the growth, with CESA delivering a 20% increase in Profit Before Tax.
