CalBank PLC has reported a strong financial turnaround for the 2025 financial year, posting a profit after tax of GH₵304.9 million, up from GH₵267.7 million in 2024, as the bank consolidates gains following years of capital and asset quality challenges.
The improvement in profitability comes alongside a marked reduction in non-performing loans (NPLs), with the ratio declining sharply to 17% from 47.5% the previous year.
The drop reflects successful loan recovery efforts, regulator-approved write-offs of fully provisioned long-standing NPLs, and a deliberate realignment of the bank’s credit portfolio.
Chairman of the bank, Daniel Nii Kwei-Kumah Sackey highlighted the bank’s strengthened position, stating: “CalBank stands more resilient and better positioned for the future, equipped to navigate challenges, capture opportunities, and accelerate its strategic ambitions.”
The bank’s operating income rose to GH₵886.0 million, supported by disciplined cost management that saw non-staff operating expenses decline by 18.8% year-on-year.
CalBank also continued its focus on revenue diversification, particularly non-interest income streams, which helped cushion the bank amid macroeconomic pressures such as currency appreciation and lower interest rates.
On shareholder support, the Chairman emphasized: “This progress would not have been possible without the unwavering support, patience, and partnership of our shareholders, to whom we express our deep appreciation for their critical role in restoring the Bank’s capital strength and confidence.”
Despite the strong financial performance, the board has elected not to declare a dividend for 2025, prioritizing the reinforcement of capital buffers to ensure sustainable growth and long-term resilience.
The bank’s shares performed strongly in the stock market, climbing from GH₵0.35 at the start of the year to GH₵0.64 at year-end, reflecting renewed investor confidence in CalBank’s turnaround strategy.
