Ecobank records rise in net profits
Customer deposits, the lifeblood of any commercial bank, also strengthened. They rose to about sh943b from sh528b, due to improved customer confidence and a stable funding base.
Grace Muliisa, managing director at Ecobank. (Credit: Ecobank)
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Ecobank posted a net profit of sh24.3b for the year ended December 31 2025, up from sh10.2b the previous year.
The summary financial statements show that total assets closed the year at sh1.2trillion, up from sh688b. Gross revenues grew 33% to sh100.8b.
Loans and advances climbed to about sh275b from about sh201b the previous year. The increase suggests renewed appetite for private sector credit, even as banks remain selective given lingering concerns around asset quality.
Customer deposits, the lifeblood of any commercial bank, also strengthened. They rose to about sh943b from sh528b, due to improved customer confidence and a stable funding base. A growing deposit book typically gives banks more room to lend while keeping funding costs in check.
“As we look ahead to 2026, our focus remains on growth, transformation, and returns. We will deepen our partnership role by supporting the National Development Plan and advancing Agro-industrialisation, Tourism, Mineral Development, and Science & Technology through diversified, scalable financing and enhanced transaction-banking solutions,” Grace Muliisa, managing director at Ecobank, said.
“Guided by our vision to be the financial partner of choice for corporates, SMEs, and emerging affluent clients, we are confident in our ability to drive trade, investment, and inclusive economic growth in Uganda and across Africa.”