Amenfiman Community Bank PLC has posted a remarkable financial performance for the 2025 financial year, recording a profit after tax of GH¢154.9 million, representing a 180 percent increase from the GH¢55.38 million achieved in 2024.
The strong growth highlights the resilience of Ghana’s rural and community banking sector and underscores the increasing role of indigenous financial institutions in supporting local economic development, financial inclusion, and small business growth.
Presenting the Board of Directors’ report at the bank’s 42nd Annual General Meeting in Kumasi, Board Chairman, Prof. Lucas Nana Wiredu, said the performance reflected prudent management, effective governance, and a strategic focus on sustainable growth despite a challenging economic environment marked by inflationary pressures, elevated interest rates, and tighter regulatory requirements.
The bank’s balance sheet continued to expand significantly during the year. Customer deposits rose by 48 percent from GH¢1.55 billion in 2024 to GH¢2.3 billion in 2025, demonstrating growing public confidence in the institution and its services.
Credit delivery also witnessed substantial growth. The bank disbursed GH¢1.60 billion in loans during the year under review, representing a 182 percent increase compared to the previous year.
According to Prof. Wiredu, the expansion in lending was driven partly by specialized financing programmes targeted at micro, small and medium-sized enterprises (MSMEs), a sector widely regarded as the backbone of Ghana’s economy.
He noted that between 2024 and 2025, the bank provided more than GH¢2 billion in financing to over 21,000 businesses and individuals across its operational areas.
The aggressive lending strategy was accompanied by strong risk management measures. As a result, the bank maintained a non-performing loan ratio of just 1.62 percent in 2025, significantly lower than the industry average.
“The interventions have stimulated local economic activity, supported entrepreneurship, created jobs and strengthened financial inclusion in the communities we serve,” Prof. Wiredu stated.
The bank also increased its investment in sustainability and community development initiatives. Expenditure on corporate social responsibility and sustainability projects rose from GH¢1.3 million in 2024 to GH¢4.7 million in 2025.
Management says the increased spending reflects the institution’s commitment to balancing profitability with social impact and contributing to sustainable development within its catchment areas.
Speaking at the meeting, Chief Executive Officer Dr. Alex Asmah said the bank would continue to deepen financial inclusion by expanding its physical presence and enhancing customer access to banking services.
He disclosed that the bank had secured approval from the Bank of Ghana to acquire a new branch property at Takoradi Market Circle. Construction is also progressing on a new branch at Wasa Japa as well as a modern multipurpose banking complex at Wasa Akropong.
Dr. Asmah noted that Amenfiman Community Bank has transformed into one of Ghana’s fastest-growing indigenous financial institutions over the past decade.
According to him, total assets have increased dramatically from GH¢105 million in 2015 to more than GH¢2.8 billion in 2025, representing significant growth in the bank’s financial strength and market position.
Customer deposits have also expanded sharply over the same period, rising from GH¢87 million to more than GH¢2.3 billion.
Industry analysts say the bank’s performance reflects the growing importance of community banks in mobilizing savings, financing local enterprises, and supporting economic development, particularly in underserved areas where access to credit remains limited.
The results position Amenfiman Community Bank among the top-performing rural and community banks in Ghana, while reinforcing confidence in the sector’s ability to drive inclusive economic growth and support the country’s broader development agenda.
