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Ecobank Posts $296m H1 Profit as Core Earnings Offset Higher Impairments

Ecobank Transnational Incorporated (ETI) recorded a 6% increase in profit after tax to $296.1 million for the first half of 2026, up from $278.8 million in the same period last year. This growth was driven by a 15% rise in operating income to $1.28 billion, bolstered by stronger net interest and fee-based earnings. However, the bank’s bottom line was tempered by a 40% surge in credit impairment charges, which climbed to $238 million, reflecting a cautious approach to credit risk. Despite the higher provisions, customer deposits grew by 7% to $27 billion, while the bank maintained a disciplined lending strategy, with loans and advances to customers declining by 2% to $11.5 billion.

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