Accra, March 26, – GCB Bank PLC has reported a record Profit Before Tax of GHS3.17 billion for the 2025 financial year, representing a 67.4 per cent year-on-year growth.
The Bank attributed the strong performance to robust deposit mobilisation, which supported loan growth, increased investments, and higher fee-based income.
Customer deposits rose by 19.7 per cent to GHS41.3 billion, driving a 23 per cent expansion in total assets to GHS52.6 billion.
The growth in deposits also funded a 56.8 per cent increase in the loan book to GHS16.39 billion, reflecting renewed credit demand amid Ghana’s improving economic conditions.
Operating income climbed by 40.9 per cent to GHS6.3 billion, supported by gains in both interest and non-interest income streams. Interest income alone increased by 38.3 per cent, despite a declining interest rate environment.
The Bank said it navigated the low-interest-rate environment through active balance sheet repricing, strategic asset allocation, and disciplined risk management.
Non-funded income — comprising fees, commissions, and trading income — surged by 58 per cent year-on-year. Fees and commissions grew by 39.9 per cent, while trading and other income rose sharply by 81.8 per cent, increasing its contribution to total revenue to 27.3 per cent from 24.3 per cent in 2024.
Operating expenses increased by 41.1 per cent in line with revenue growth, maintaining the cost-to-income ratio at 47.2 per cent.
Asset quality also improved significantly, with the Non-Performing Loan ratio declining to 10.3 per cent from 15.1 per cent in 2024. The cost of risk dropped to 1.3 per cent from 4.3 per cent over the same period.
The Bank attributed the improvement to tighter credit controls, enhanced early-warning systems, better loan recoveries, and improved borrower repayment capacity.
GCB Bank’s capital adequacy ratio rose to 18.0 per cent, up from 17.5 per cent in 2024, well above the regulatory minimum of 13 per cent. Cash and liquid assets stood at GHS14.5 billion, representing 27.5 per cent of total assets.
Earnings per share increased to GHS7.78, while the Bank’s share price surged from GHS6.37 to GHS20.11, reflecting a capital gain of 215.7 per cent.
The Bank said the results marked the first year of its 2025–2028 medium-term strategy aimed at diversifying beyond a largely retail-funded model into wholesale, commercial, and transaction banking.
“The 2025 results were not accidental; they reflect steady leadership, deliberate strategic choices, and disciplined execution across the Bank,” said Mr Farihan Alhassan, Managing Director of GCB Bank.
He noted that although 2026 could present challenges due to margin pressures from declining interest rates, the Bank remained optimistic about its growth trajectory.
“The strategy is right, the team is right, and GCB Bank is well positioned to meet client needs, empower our people, and sustain our digital transformation,” he said.
During the year, the Bank rolled out key initiatives, including a sustainability programme focusing on climate risk, diversity, and governance, as well as the Sheagles Soar female leadership programme and the Amber Club for its top-tier customers.
GHBUSS
26 March 2026
No comments:
Post a Comment