Ecobank Zimbabwe Limited (Ecobank) has reported its strongest financial performance to date, posting a US$100 million revenue for the year ended 31 December 2025, driven by robust lending activity and broader income diversification.
The commercial bank recorded a significant rise in profitability in local currency terms, with profit before tax increasing by 125 percent to ZiG2,169 billion, up from ZiG0,965 billion in 2024.
“This exceptional performance was driven by strong growth across all our core revenue lines, underpinned by a significant expansion in customer activity and transaction volumes,” said Ecobank managing director, Moses Kurenjekwa, in a statement accompanying the institution’s financials.
He said the bank’s lending operations were the key performance driver during the period under review.
“Our core lending business saw net interest income more than double, increasing by 134 percent to ZiG1,178 billion,” Kurenjekwa said, attributing the growth to higher returns on loans and advances, alongside effective balance sheet management.
He noted that the milestone strengthens Ecobank’s position within Zimbabwe’s banking sector and provides a platform for continued expansion.
Total operating income also showed strong growth, rising 125 percent to ZiG3,59 billion from ZiG1,63 billion realized prior year.
Profit after tax rose to ZiG1,70 billion, compared to ZiG1,06 billion previously.
Non-interest income also contributed significantly, jumping 99 percent to ZiG2,386 billion.
The increase reflects the bank’s efforts to expand beyond traditional lending activities.
Fee and commission income recorded notable growth, advancing by 116 percent to ZiG1,752 billion.
Kurenjekwa said the trend indicates rising customer engagement and increased usage of both digital platforms and branch services.
Promise Ncube, Ecobank’s board chair, confirmed that the bank remains compliant with regulatory capital requirements, with capital largely supported by internally generated funds.
As of 31 December 2025, Ecobank’s core capital stood at ZiG3,354 billion – equivalent to approximately US$129,1 million, up from ZWG1,898 billion a year earlier.
Ncube said the bank is positioning itself to take advantage of emerging opportunities within the economy, while strengthening its role as a financial solutions ptovider.
“Our focus will continue to be on delivering customer-centric product offerings that address evolving market needs,” he said.
“Furthermore, scalability will be embedded across our systems to ensure the delivery of technically robust, secure and future-ready solutions.” – TML