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๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria /Economy & Trade

Ecobank Group Shareholders Approve $40m Dividend Payment

From ThisDay · () English

Summarized and contextualized by DistantNews.

At a glance

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  • Ecobank Transnational Incorporated (ETI) shareholders approved a $40 million dividend for the 2025 financial year at their AGM.
  • This marks the Group's first dividend payment to shareholders since 2022, reflecting the success of its Growth, Transformation and Returns (GTR) strategy.
  • The bank reported record Profit Before Tax of $801 million for FY2025, a 21% increase year-on-year, with net revenues rising 17% to $2.45 billion.

Shareholders of Ecobank Transnational Incorporated (ETI) have approved all resolutions at the 2026 Annual General Meeting in Lomรฉ, including a $40 million dividend for the 2025 financial year. This distribution is the Group's first since 2022, signaling a significant milestone and validating the successful execution of its Growth, Transformation and Returns (GTR) strategy.

Our strong 2025 financial performance has marked the return to dividend payments to our shareholders. This $40 million dividend is a direct reflection of the resilience of our unrivalled pan-African model, institutional maturity and our staffโ€™s skill and discipline.

โ€” Papa Madiaw NdiayeSpeaking at the AGM, the Chairman of the Board highlighted the significance of the dividend payment.

The GTR strategy focused on strengthening the Group's fundamentals, enhancing capital and asset quality, and prioritizing long-term resilience and shareholder value. The strong 2025 financial performance, which included record Profit Before Tax of $801 million (up 21% year-on-year) and a 17% increase in net revenues to $2.45 billion, demonstrates that this disciplined approach is now delivering tangible value. The Group also reported a 29% rise in pre-provision, pre-tax operating profit to $1.265 billion.

Chairman of the Board, Papa Madiaw Ndiaye, highlighted the $40 million dividend as a direct reflection of the resilience of Ecobank's pan-African model, its institutional maturity, and the skill and discipline of its staff. He expressed confidence in the Group's ability to continue delivering sustainable growth and value across the continent. Ndiaye emphasized the benefits of a diversified business model operating across multiple African markets and sectors, which allows Ecobank to capture growth opportunities while maintaining resilience through economic cycles.

This achievement is a good illustration of my absolute confidence in the strength of the Group to continue delivering sustainable growth and value across the continent.

โ€” Papa Madiaw NdiayeThe Chairman of the Board expressed his confidence in Ecobank's future performance.

Chief Executive Officer Jeremy Awori noted that shareholders reaffirmed their confidence in the GTR strategy. He stated that Ecobank's structured approach to growth is delivering value to shareholders while transforming payments and trade across its 34 markets. Awori added that the pan-African model is building the infrastructure for the continent's future financial architecture. Shareholders also approved the financial statements, the dividend, the re-election of Directors, and the appointment of Mrs. Cathia Lawson Hall as a new Director, endorsing both the FY2025 performance and the strategic direction.

Our shareholders once again strongly reaffirmed their confidence in our GTR strategy.

โ€” Jeremy AworiThe Chief Executive Officer commented on shareholder confidence following the AGM.

Ecobank maintained sufficient capital headroom to resume dividend payments, with a capital adequacy ratio of 16.7%, approximately 420 basis points above the regulatory threshold. This financial strength was complemented by a record cost-to-income ratio of 48.3%, indicating enhanced operational efficiency.

Thanks to our deliberate and structured approach to growth, we are bringing value to our shareholders while transforming payments and trade across our 34 markets. Steadily, our pan African model is building the infrastructure that will enable the future of the continentโ€™s financial architecture.

โ€” Jeremy AworiThe CEO elaborated on the impact of Ecobank's strategy and its pan-African model.
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Originally published by ThisDay. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.