Avenor Community Bank PLC recorded a 9.79 percent increase in profit before tax in 2025, rising from GH¢2.72 million in 2024 to GH¢2.99 million, despite higher operating costs.
The performance was supported by stronger income generation and growth in the bank’s balance sheet, reflecting increased customer deposits, investments and lending activities during the year.
Mr Thomas Clarkson Adade, Board Chairman of the Bank, disclosed this in his report presented at the bank’s 43rd Annual General Meeting in Akatsi.
He said total income increased by 19.35 percent from GH¢12.82 million in 2024 to GH¢15.29 million in 2025.
Mr Adade said the bank’s total assets also expanded significantly, increasing by 31.08 percent from GH¢45.83 million to GH¢60.08 million.
Customer deposits rose by 38.37 percent from GH¢32.38 million in 2024 to GH¢44.80 million in 2025, indicating stronger deposit mobilisation and growing customer confidence in the bank.
He said total investments increased by 37.91 percent from GH¢20.61 million to GH¢28.42 million, while loans and advances grew by 17.93 percent from GH¢16.10 million to GH¢18.99 million.
According to Mr Adade, the growth in lending and investments demonstrated the bank’s continued role in mobilising savings and deploying funds to support economic activity within its operational area.
He said the results reflected the bank’s resilience in navigating a changing economic and regulatory environment while creating value for shareholders and strengthening its financial position.
Mr Adade said the bank’s performance improved considerably as the economy moved from a period of economic difficulties towards recovery.
Despite the improvement in profitability, the bank faced rising operational costs during the year.
Mr Adade said operating expenses increased by 21.92 percent to GH¢12.31 million, largely driven by higher staff costs and strategic recruitment undertaken to support the bank’s business expansion.
He said management would continue to focus on improving operational efficiency, strengthening service delivery and positioning the bank for sustainable growth.
The Board Chairman said the bank maintained a capital adequacy ratio of 23.48 percent, above the regulatory minimum, demonstrating its capacity to meet regulatory requirements while maintaining prudent financial management.
He said the bank would continue to strengthen its operations and pursue opportunities that would improve its competitiveness and deepen its contribution to the local economy.
Mr Daniel Dagba, Municipal Chief Executive for Akatsi South, commended the Board, Management and staff for the bank’s performance.
He urged the bank to deepen its support for businesses and economic activities within the municipality, particularly by improving access to financial services for local enterprises.
