ADB Bank records GH¢367m profit after restructuring

Agricultural Development Bank makes strong recovery from GH¢225m loss in 2024

Agricultural Development Bank (ADB) PLC posted a profit after tax of GH¢367.29 million for the year ended December 31, 2025, marking a significant turnaround from the GH¢225.09 million loss recorded in the previous year.

The bank’s summary financial statements, released on March 31, 2026, and signed by Managing Director Edward Ato Sarpong and Independent Non-Executive Director Courage Akanwunge Asabagna, attributed the strong performance to successful recapitalisation efforts and improved loan recoveries.

Profit before tax stood at GH¢580.82 million, recovering from a loss before tax of GH¢225.09 million in 2024.

Capital position strengthened

The bank’s capital adequacy ratio improved dramatically to 27.17 per cent from negative 3.15 per cent following a recapitalisation exercise in 2024. The common equity Tier 1 ratio rose to 25.17 per cent from negative 6.15 per cent.

Total assets increased to GH¢17.89 billion from GH¢14.60 billion, while total equity surged to GH¢2.48 billion from GH¢1.28 billion.

A deposit of GH¢50 million for shares yet to be registered contributed to the stronger capital position, while recoveries of GH¢381.4 million from non-performing loans supported the turnaround.

Income growth

Interest income calculated using the effective interest method increased to GH¢2.09 billion from GH¢1.57 billion, with net interest income rising to GH¢1.37 billion from GH¢723.18 million.

Fees and commission income grew to GH¢284.48 million from GH¢238.98 million, while net trading income increased to GH¢106.47 million from GH¢70.74 million. Total operating income rose to GH¢1.75 billion from GH¢1.00 billion.

Expenses and impairment

Impairment loss on loans and advances decreased to GH¢231.78 million from GH¢302.92 million. Personnel expenses amounted to GH¢514.08 million, with other operating expenses totalling GH¢324.45 million. Depreciation and amortisation charges stood at GH¢71.85 million.

Deposits and loans

Customer deposits increased to GH¢13.22 billion from GH¢12.05 billion, while loans and advances to customers declined to GH¢2.01 billion from GH¢2.57 billion. Cash and bank equivalents rose to GH¢9.90 billion from GH¢7.18 billion, and investment securities increased to GH¢5.03 billion from GH¢3.80 billion.

Regulatory and social spending

The bank disclosed regulatory sanctions totalling GH¢120,000 for the year, with one breach recorded. No statutory liquidity breaches were reported.

A total of GH¢2.95 million was spent on corporate social responsibility activities, including sponsorship of the Best Farmer Award and school donations, compared to GH¢7.78 million in the prior year.