Ecobank Nigeria has repaid 50% of its $300 million Eurobond due February 2026 ahead of schedule, demonstrating strong liquidity and financial resilience, according to a statement released on July 8, 2025. The early repayment was funded by loan recoveries and early promissory note redemptions from its parent company, Ecobank Transnational Incorporated.
The tender and exit consent process, which included shareholder approval to remove the capital adequacy ratio covenant, triggered in 2024 when the bank’s CAR fell below the 10% regulatory minimum, also reflects strategic financial restructuring.
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Traded near par at $99 as of July 11, investors view the move as a sign of confidence in Ecobank’s capacity to meet its remaining obligations. The bank’s turnaround is further supported by a 30% revenue increase to ₦113.7 billion in the first half of 2025 and a 90% rise in profit before tax to ₦13.5 billion.
Ecobank’s management reaffirmed its commitment to transforming the bank through improved asset quality, elevated loan recovery efforts, cost-cutting strategies, and enhanced efficiency. It plans to fully repay the remaining bond at maturity and restore its capital adequacy ratio to regulatory levels .
