{"id":481615,"date":"2025-06-17T15:20:22","date_gmt":"2025-06-17T15:20:22","guid":{"rendered":"https:\/\/www.financialafrik.com\/en\/2025\/06\/17\/ecobank-togo-announces-a-net-profit-of-around-28-million-usd-in-2024\/"},"modified":"2025-06-17T15:20:28","modified_gmt":"2025-06-17T15:20:28","slug":"ecobank-togo-announces-a-net-profit-of-around-28-million-usd-in-2024","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2025\/06\/17\/ecobank-togo-announces-a-net-profit-of-around-28-million-usd-in-2024\/","title":{"rendered":"Ecobank Togo announces a net profit of around 28 million USD in 2024"},"content":{"rendered":"
<\/div>

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 Lom\u00e9. This indicator represents a 47% increase compared to the 10.8 billion CFA francs in 2023.<\/p>\n

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.<\/p>\n

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.<\/p>\n

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 Aku\u00e9 Komlan as the new Managing Director.<\/p>\n

<\/div>","protected":false},"excerpt":{"rendered":"

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 Lom\u00e9. This indicator represents a 47% increase compared to the 10.8 billion CFA francs in 2023. Meanwhile, the<\/p>\n","protected":false},"author":537202,"featured_media":481616,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"https:\/\/www.financialafrik.com\/2025\/06\/17\/ecobank-togo-annonce-un-benefice-net-denviron-28-millions-usd-en-2024\/","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[16158],"tags":[],"class_list":["post-481615","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bank","pmpro-has-access"],"yoast_head":"\nEcobank Togo announces a net profit of around 28 million USD in 2024 - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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