Ecobank Transnational Incorporated delivered a profit after tax of USD 122.5 million in the first quarter of 2025, a 17% increase compared with the same period a year earlier. Profit before tax rose by the same margin to USD 175.0 million. The group operates affiliates in 35 sub-Saharan African countries.
Revenue reached USD 516.3 million for the quarter, up 4% year-on-year. Basic earnings per share were about 0.34 US cents.
BALANCE SHEET
Total assets grew 3% on a quarter-on-quarter basis to USD 28.9 billion. Customer deposits expanded 5% over the same period to USD 21.5 billion.
Total equity rose 8% to USD 1.9 billion. The 8% equity growth exceeded the pace of deposit and asset expansion.
PROFITABILITY
Profit attributable to shareholders rose 22% in the quarter (39% in constant currency), and return on tangible equity was 30.5%.