Ecobank Transnational Incorporated

NGSE:ETI Stock Report

Market Cap: ₦2.1t

Ecobank Transnational Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Jeremy Edward Awori

Chief executive officer

n/a

Total compensation

CEO salary percentagen/a
CEO tenure3.2yrs
CEO ownershipn/a
Management average tenure4.7yrs
Board average tenure6.2yrs

Recent management updates

Recent updates

Narrative Update • May 06

Ecobank Group Reports Resilient Q1 2026 Earnings Growth Amid Elevated Impairments and Strong Operating Income Expansion

Executive Summary Analyst: Qudus Adebara (Research Analyst, DLM Capital Group) Ecobank Transnational Incorporated delivered a solid financial performance for the three months ended March 31, 2026, supported by strong growth in interest income and operating revenue. Gross earnings rose 12% YoY, driven by higher yields on loans and investment securities, while net interest income surged 20%.
Narrative Update • Apr 28

Ecobank Transnational Incorporated Reports Strong FY 2025 Earnings Growth Driven by Net Interest Income and Balance Sheet Expansion

Analyst: Qudus Adebara (Research Analyst, DLM Capital Group) Executive Summary Ecobank Transnational Incorporated (ETI) delivered a strong consolidated unaudited performance for the year ended 31 December 2025, supported by robust growth in net interest income, improved non-interest revenue, and continued balance sheet expansion across its pan-African footprint. Gross interest income rose by 15% YoY to ₦3.18 trillion, driven primarily by growth in interest income from investment securities, treasury bills, and interbank placements.
Narrative Update • Feb 08

last report

ECOBANK TRANSNATIONAL INCORPORATED (ETI) – Sustained Growth Momentum as Q3 2025 Profit Soars 47% YoY on Strong Core Banking Analyst: Qudus Adebara Executive Summary Ecobank Transnational Incorporated (ETI) delivered a stellar performance for the nine months ended 30 September 2025 , showcasing strong earnings growth, improved operational efficiency, and a fortified balance sheet. The Pan-African banking group recorded a profit before tax (PBT) of US$656.6 million , up 33% year-on-year , while profit after tax (PAT) rose 34% to US$460.6 million , underscoring management’s ability to navigate a challenging macroeconomic environment marked by currency volatility, rising interest rates, and inflationary pressures across several African markets.
Narrative Update • Dec 31

Ecobank Group – Strategic Partnership with Bank of China Strengthens China–Africa Trade and Payments Corridor

Author: Qudus Adebara (Founder of Wane Investment House) Executive Summary Ecobank Group has signed a Memorandum of Understanding (MoU) with Bank of China (Mauritius) Limited on December 22, 2025, reinforcing a long-standing partnership that dates back over 15 years. The agreement is designed to deepen cooperation in trade finance, cross-border payments, and financial services that support the rapidly expanding economic relationship between China and Africa.
Narrative Update • Nov 02

Ecobank Delivers Strong Q2/H1 2025 result

Ecobank Transnational Incorporated (ETI) – Strong Q3 2025 Momentum Sustained as Profit Soars 47% YoY Executive Summary Ecobank Transnational Incorporated (ETI) reported a robust performance in Q3 2025, sustaining its growth trajectory with a significant year-on-year improvement in earnings across key profitability metrics. The Group delivered a 47% year-on-year growth in pre-tax profit to N394.6 billion , reflecting strong revenue generation, disciplined cost management, and strategic balance sheet optimization.
Narrative Update • Aug 07

Ecobank Delivers Strong Q2/H1 2025 result

Ecobank Transnational Incorporated (ETI) – Strategic Portfolio Optimization to Enhance Returns and Focus Strategic Divestment: Exit from Mozambique to Sharpen Regional Focus Ecobank Transnational Incorporated (ETI) has announced the divestment of its entire stake in Ecobank Mozambique S.A. (EMZ) to FDH Bank Plc , a publicly listed financial institution on the Malawi Stock Exchange. The decision marks a strategic repositioning in line with ETI’s broader “Growth, Transformation, and Returns” (GTR) strategy.
Narrative Update • Aug 05

Ecobank Delivers Strong Q2/H1 2025 result

Here’s the full professional equity research report for Ecobank (ETI) based on the provided data: Ecobank Transnational Incorporated (ETI) – Equity Research Report Ticker: ETI | Current Price: ₦37.45 | 52-Week High: ₦37.50 | Target Price: ₦46.00 | Recommendation: BUY Ecobank has delivered strong half-year performance with double-digit profit growth, improved cost efficiency, and enhanced asset quality. The bank’s profit after tax (PAT) surged 22.7% YoY to $278.8m , driven by robust non-interest income and disciplined cost management.

CEO

Jeremy Edward Awori (54 yo)

3.2yrs
Tenure

Dr. Jeremy Edward Hannington Awori is Group Chief Executive Officer and Executive Director at Ecobank Transnational Incorporated since March 1, 2023 and February 2023 respectively. He was the Chief Executi...

Leadership Team

NamePositionTenureCompensationOwnership
Jeremy Edward Awori
Group CEO & Executive Director3.2yrsno datano data
Ayo Adepoju
Group CFO & Group Executive Director7.1yrsno datano data
Akintayo Dada
Group Executive of Corporate & Investment Banking5.1yrsno datano data
Michael Larbie
Group Executive for Corporate & Investment Banking2.2yrsno datano data
Abdoul-Aziz Faye
Acting Group Executive of Technology & Innovationno datano datano data
Ato Arku
Investor Relations Professionalno datano datano data
Madibinet Cisse
Group General Counsel & Company Secretary9.3yrsno datano data
Divine Fola
Group Chief Compliance Officerno datano datano data
Simon Rey
Acting Group Executive of Human Resourcesno datano datano data
Josephine Anan-Ankomah
Regional Executive of CESA & MD of Ecobank Kenyano datano datano data
Paul-Harry Aithnard
Regional Executive of UEMOA & MD of Ecobank Côte d'Ivoireno datano datano data
Elisa Desbordes-Cisse
Chief Operating Officer of Ecobank Foundation4.3yrsno datano data
4.7yrs
Average Tenure
54yo
Average Age

Experienced Management: ETI's management team is considered experienced (4.7 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Jeremy Edward Awori
Group CEO & Executive Director3.3yrsno datano data
Ayo Adepoju
Group CFO & Group Executive Directorless than a yearno datano data
Brian Kennedy
Non-Executive Director8.7yrsUS$129.25kno data
Papa Ndiaye
Chairman of the Board1.9yrsno datano data
Deepak Malik
Non-Executive Director6.5yrsUS$130.75kno data
Simon Dornoo
Independent Non Executive Director5.9yrsUS$131.50kno data
Zanele Monnakgotla
Non-Executive Director6.2yrsUS$126.25kno data
David O'Sullivan
Non-Executive Director8.7yrsUS$125.50kno data
Enase Okonedo
Independent Non Executive Director5.9yrsUS$135.25kno data
Aichatou Agne Pouye
Independent Non Executive Director8.3yrsUS$129.25kno data
Aasim Qureshi
Non-Executive Director7.1yrsUS$127.00kno data
Georges Agyekum Donkor
Non-Executive Director6.2yrsUS$125.50kno data
6.2yrs
Average Tenure
57.5yo
Average Age

Experienced Board: ETI's board of directors are considered experienced (6.2 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/09 21:30
End of Day Share Price 2026/05/08 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Ecobank Transnational Incorporated is covered by 4 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Adewale OkunrinboyeARM Research
Jaap MeijerArqaam Capital Research Offshore S.A.L.
Brent MalahayJ.P. Morgan