LAGOS – Ecobank Transnational Incorporated recorded a 6% decline in pre-tax profit to N584.02 billion for the six months ended June 30, 2026, compared to N620.23 billion reported in the same period of 2025.
According to the bank’s unaudited financial statements filed with the Nigerian Exchange (NGX), local currency earnings contracted due to foreign exchange translation headwinds, even as dollar pre-tax profit rose 6% to $423.00 million.
Gross earnings remained flat in Naira at N2.31 trillion. In dollar terms, gross earnings expanded 13% to $1.67 billion, driven by sustained interest and fee income across regional operational hubs.
Net revenue increased 2% in local currency to N1.77 trillion ($1.28 billion). Pre-impairment operating profit rose 3% to N912.62 billion ($660.98 million), underscoring resilient underlying operational momentum.
Profit after tax mirrored top-line trends, slipping 6% in Naira to N408.81 billion from N433.88 billion in H1 2025. In US Dollar terms, net profit grew 6% to $296.09 million.
Credit impairment charges on financial assets climbed 40% in dollar terms to $238.04 million. Higher provisioning across operating markets compressed local currency bottom-line figures during the six-month period.
Total assets ended the half-year period at N49.21 trillion ($35.64 billion). Customer deposits expanded 2% in Naira to N37.27 trillion ($27.00 billion), anchored by low-cost current and savings account growth.
The performance follows a record FY2025, where the pan-African lender generated $801 million in pre-tax profit and resumed dividend payments with a $40 million distribution to shareholders in June 2026.
