Ecobank Group lifts nine-month pre-tax profit 12% year-on-year
Results · completed$737mTuesday 27 October 2026
Ecobank Group reported profit before tax of $740 million for the nine months to September 2026, up 12% on a year earlier. Net revenue rose 12% to about $2 billion despite inflation, FX volatility and slower activity in parts of Africa.
Pan-African bank group's steady growth in a difficult operating environment is a key benchmark for investors in its African subsidiaries.
Ecobank cancelled an October 26 shareholder meeting that was to consider removing several board members, following instructions from its banking regulator. The move follows reported tensions over the chairman's leadership and conflict-of-interest allegations.
Afreximbank's net income rose 24% to $810 million in the nine months to September 2026, while net loans and advances grew 8% to $36 billion. Shareholders' funds reached $9 billion, supported by retained profits and $200 million of new equity.