The Agricultural Development Bank PLC (ADB) has posted a profit after tax of GH¢230.5 million for the first half of 2025, marking a significant improvement in its financial performance.
According to the bank’s unaudited financial results for the six-month period ending June 30, 2025, the figure represents a near threefold increase from the GH¢80 million recorded in the same period in 2024.
The improved profit is attributed to strong growth in interest income, realignment of cost and expenses, and a strategic shift in asset allocation aimed at stabilising earnings. The bank’s total assets increased by 32%, reaching GH¢14.99 billion from GH¢11.35 billion in June 2024.
Customer deposits also recorded a significant jump, growing from GH¢10.17 billion to GH¢12.03 billion during the period. ADB also recorded a turnaround in its equity position, moving from a negative GH¢27.1 million in June 2024 to a positive GH¢1.51 billion. This was driven largely by strong earnings and capital support.
As part of its transformation agenda, the bank rebalanced its asset portfolio by moderating the growth of loans and advances to customers and increasing its allocation to investment securities. This strategic move aims to strengthen long-term financial resilience and income stability.
The new corporate tagline, “Beyond Banking…”, reflects the bank’s strategic focus on redefining banking, empowering businesses, building futures, driving prosperity, and nurturing communities.
Commenting on the results, ADB Managing Director, Mr Edward Ato Sarpong, described the half-year performance as a reflection of the bank’s repositioning efforts. “This half-year performance is a reflection of our vision to make ADB among the top 3 banks in Ghana,” he said.
He added that while the bank is set to be fully recapitalised next year, measures have already been implemented to ensure sustainable growth.
The Managing Director also commended staff for their commitment to the bank’s new direction, praising their courage and dedication.
Board Chairman of ADB, Mr Kenneth Kwamena Thompson, noted that the half-year financial results highlight the bank’s steady repositioning and expressed the board’s continued support for the leadership’s vision to transform ADB’s fortunes.
Credit: starronline