In an exclusive interview with RNG247, Ecobank CEO Jeremy Awori expressed optimism about the bank's prospects for the second half of 2025, barring any unforeseen global shocks or additional U.S. tariffs. The pan-African lender, operating across 35 countries, has already posted an impressive 23% growth in pretax profit for the first six months of the year.

Awori attributed this success to recoveries in key markets like Ghana and the bank's diversified business model. "We are confident that we will see the business continuing to perform," he stated, highlighting the growth driven by payment services, remittances, trade finances, and other non-lending income streams.

Despite the positive outlook, Awori emphasized a cautious approach to lending, citing ongoing macroeconomic uncertainties. "We are doing that cautiously because there are still many macroeconomic uncertainties and we don't want to lurch back into NPLs (non-performing loans)," he explained.

Ecobank's shares have surged by almost a third this year, outperforming regional competitors like KCB Bank, Access Bank, and Standard Bank. However, the recent announcement by Nedbank, Ecobank's largest shareholder, to sell its 21.2% stake has raised eyebrows in the financial sector.

The bank has faced challenges due to U.S. President Donald Trump's decision to dismantle the United States Agency for International Development (USAID), impacting its cash distribution business. Ecobank has also been affected by funding cuts to the World Health Organization, for which it handles funds.

Awori stressed the importance of monitoring international developments, particularly U.S. trade tariffs. "A decision taken by the U.S. against China or against Europe can have a knock-on effect across into our markets," he noted, underlining the interconnected nature of global finance.

While the potential opening of the Ethiopian market presents an intriguing opportunity, Ecobank has no immediate plans for geographical expansion. Awori stated, "It is never say never, but right now, for the next couple of years, we feel we have enough opportunities where we are."

As Ecobank navigates through global uncertainties and local opportunities, all eyes will be on this pan-African giant to see if it can maintain its upward trajectory in the latter half of 2025.