Ecobank Togo recorded a net profit of 15.8 billion CFA francs (around 28 million USD) at the end of the 2024 financial year, according to data released at a general meeting held on June 13, 2025 in Lomé. This indicator represents a 47% increase compared to the 10.8 billion CFA francs in 2023.
Meanwhile, the total balance sheet has increased to over 690.7 billion CFA francs, a 6% year-on-year increase. Loan portfolios also grew by 13.8% to reach 319.3 billion CFA francs. As for the equity of the Ecobank Transnational Incorporated (ETI) subsidiary, it increased by 18% to nearly 69.9 billion CFA francs, mainly attributed to higher revenues and a reduction in tax expenses.
During the general meeting, shareholders approved the distribution of a gross dividend of 7.5 billion CFA francs, at a rate of 37,500 CFA francs per share.
As the second largest player in the local market in terms of assets behind Orabank, Ecobank Togo experienced a major change in its leadership in April with the appointment of Estelle Fafa Akué Komlan as the new Managing Director.
