Ecobank Nigeria, in the first half of 2025 said, it grew its revenue by 30 per cent as an effect of its comprehensive transformation aimed at accelerating revenue growth, improving asset quality, and enhancing operational efficiency.
Early results from the first half of 2025 showed that its revenue grew to N113.7 billion compared to N87.6 billion that was recorded in the first half of 2024. The bank had also accelerated impairment provisions to support loan write-offs, as gross impairment charges rise by over 200 per cent to N32.8 billion in H1 2025.
Profit before tax nearly doubled, reaching N13.5 billion, up 90 per cent from N7.1 billion in the prior year period. Ecobank Nigeria continues to maintain a liquidity ratio well above the regulatory minimum of 30 per cent.
A source from the bank says a key driver of this success is the establishment of the asset quality war room, which has intensified efforts in loan collections and recoveries.
Additionally, improved oil production has positively impacted the bank’s loan recovery, particularly in the oil and gas sector. Notably, the bank recovered $6 million (over N9 billion) from a long-standing delinquent borrower, and over N170 billion in stage 2 loans were reclassified to stage 1 following consistent performance.
Ecobank Transnational Incorporated (ETI), the parent company, has committed to supporting Ecobank Nigeria, having injected over $10 million in 2024 to help meet the Central Bank of Nigeria’s capital requirements. Further capital injections and strategic measures are underway to restore the bank’s Capital Adequacy Ratio to required levels.
The bank recently confirmed the successful early repayment of 50 per cent of its $300 million Eurobond ahead of its February 2026 maturity, demonstrating strong financial resilience. The bond currently trades near par, reflecting investor confidence. Ecobank Nigeria continues to comply with regulatory directives, refraining from dividend payouts or management bonuses to preserve capital and ensure long-term stability.
