Ecobank Nigeria has announced a significant 30% increase in revenue to ₦113.7 billion in the first half of 2025, driven by its comprehensive transformation strategy aimed at accelerating revenue growth, improving asset quality, and enhancing operational efficiency.
The bank’s profit before tax nearly doubled to ₦13.5 billion, up from ₦7.1 billion in the prior year period.
The bank’s gross impairment charges rose by over 200% to ₦32.8 billion to support loan write-offs, and its liquidity ratio remains well above the regulatory minimum of 30%.
According to the report, a key driver of the success is the establishment of the asset quality war room, which has intensified efforts in loan collections and recoveries.
Improved oil production has also positively impacted the bank’s loan recovery, particularly in the oil and gas sector.
Notably, the bank recovered $6 million from a long-standing delinquent borrower and reclassified over ₦170 billion in stage 2 loans to stage 1 following consistent performance.
Ecobank Nigeria recently confirmed the successful early repayment of 50% of its US$300 million Eurobond ahead of its February 2026 maturity, demonstrating strong financial resilience.
Ecobank Transnational Incorporated (ETI), the parent company, remains committed to supporting Ecobank Nigeria, having injected over $10 million in 2024 to help meet the Central Bank of Nigeria’s capital requirements.
The report noted that urther capital injections and strategic measures are underway to restore the bank’s Capital Adequacy Ratio to required levels.
An industry analyst commented, “While challenges remain, the ongoing transformation positions Ecobank Nigeria for sustainable growth.
“The near-par trading of its bond signals a strong market.” This transformation is expected to drive long-term growth and stability for the bank.
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