During the first half of 2022, the Ecobank Group reported strong performances, with unaudited earnings before taxes (PBT) up 24% to $261 million.

Le Groupe Ecobank announced a record return on tangible equity of 19.5% and an increase in earnings per share for shareholders of 24% over one year. These results demonstrate the continued success of the revenue expansion goals as part of the “Execution Momentum” strategy. Despite a difficult operating environment characterized by high inflation, a weakening of African currencies and a slowdown in economic growth, the Group's net sales increased by 10% to $910 million

Selon Ade Ayeyemi, Group CEO, the results for the first six months of 2022 reflect the advantages of diversified activities and geographical areas. “It also shows our resilience and our execution capabilities serving customers and customers in a difficult environment while generating adequate returns for our shareholders,” he said.