Ecobank Profit Hits N707.4 Billion in Nine Months as Customer Deposits Rise to N36.7 Trillion

Ecobank Transnational Incorporated (ETI) has reported a revenue after tax of N707.4 billion for the 9 months ended September 30, 2026, representing a marginal enhance of 1% from N702.4 billion recorded within the corresponding interval of 2025.

The pan-African banking group disclosed this in its unaudited monetary statements for the nine-month interval, exhibiting combined efficiency throughout key monetary indicators when measured in Nigerian naira.

According to the outcomes, gross earnings declined by 1% to N3.50 trillion from N3.55 trillion within the corresponding interval of 2025.

Similarly, income decreased by 1% to N2.69 trillion in contrast with N2.71 trillion recorded a 12 months earlier.

Despite the decline in naira-denominated income, Ecobank maintained a comparatively steady working efficiency, with working revenue earlier than impairment prices standing at N1.40 trillion, largely unchanged from the earlier 12 months.

Profit earlier than tax additionally remained broadly flat at N1.01 trillion, in contrast with N1.015 trillion within the corresponding interval of 2025.

However, the group’s earnings per share from persevering with operations attributable to shareholders elevated by 2% to 2,030.17 kobo, equal to roughly N20.30 per share from 1,986.22 kobo or N19.86, a 12 months earlier.

The monetary statements additionally confirmed adjustments in Ecobank’s steadiness sheet through the interval.

Total belongings stood at N47.92 trillion as of September 30, 2026, representing a 4% decline from N49.66 trillion recorded on the finish of December 2025.

Loans and advances to clients declined by 6% to N15.95 trillion from N16.96 trillion, indicating a discount within the naira worth of the group’s excellent buyer mortgage portfolio.

In distinction, buyer deposits elevated by 1% to N36.70 trillion from N36.44 trillion on the finish of 2025.

The enhance in deposits got here regardless of the discount in complete belongings and buyer loans, highlighting the totally different actions throughout the group’s main balance-sheet elements.

Total fairness declined by 5% to N3.90 trillion from N4.12 trillion over the identical interval.

Although Ecobank recorded restricted earnings progress in naira phrases, its monetary statements confirmed stronger efficiency when measured in US {dollars}.

Profit after tax elevated by 13% to $515.8 million, whereas income superior by 12% to $1.96 billion.

The variations between the greenback and naira progress charges spotlight the affect of foreign money translation on the reported efficiency of a banking group working throughout a number of African markets.

For buyers, Ecobank’s nine-month outcomes replicate resilient profitability and modest deposit progress, alongside a contraction within the naira worth of its belongings, buyer loans and shareholders’ fairness.