Asokore Mampong Community Bank's shareholders smile as profit soars 54% to GH¢2.5m

Asokore Mampong Community Bank PLC has posted an impressive financial performance for the 2025 financial year, recording a 54.43 per cent increase in profit before tax to GH¢2.50 million, up from GH¢1.62 million in the previous year.

The strong financial results, coupled with significant growth in assets, deposits, investments and lending, have further reinforced the bank's position as a growing player in Ghana's community banking sector.

The Board Chairman, Mr. Alfred Sakyi, announced the figures during his report to shareholders at the bank's 5th Annual General Meeting held on Friday, November 13, 2026, at Asokore Mampong.

According to him, the bank's total assets increased from GH¢50.69 million in 2024 to GH¢63.35 million in 2025, representing a growth of 24.96 per cent.

He said the bank also recorded substantial growth in customer deposits, which rose by 21.17 per cent from GH¢44.34 million to GH¢53.72 million.

One of the outstanding areas of performance was the bank's lending operations, with gross loans and advances recording a remarkable 77.48 per cent increase, moving from GH¢9.64 million in 2024 to GH¢17.11 million in 2025.

Investments also grew by 14.44 per cent, reaching GH¢36.55 million, compared with GH¢31.94 million in the preceding year.

Mr. Sakyi further disclosed that shareholders' funds surged by 66.52 per cent, from GH¢3.45 million to GH¢5.74 million, reflecting improved value creation for investors.

On the bank's financial stability, he revealed that its Capital Adequacy Ratio improved to 19.45 per cent in 2025 from 18.55 per cent in 2024, exceeding the regulatory minimum of 10 per cent by 9.45 percentage points.

He attributed the positive performance to the collective efforts of the Board, Management and staff, while expressing confidence in the bank's ability to sustain its growth and deliver greater value to shareholders.

Addressing the broader economic environment, the Board Chairman observed that Ghana's economy recorded notable improvements in 2025, characterised by declining inflation, lower Treasury bill rates and significant appreciation of the cedi.

He indicated that inflation dropped from 23.8 per cent in December 2024 to 5.4 per cent in December 2025, while the 364-day Treasury bill rate declined from approximately 29.95 per cent to 12.92 per cent.

The Ghana cedi also appreciated by 40.7 per cent against the US dollar, moving from GH¢14.70 to GH¢10.45 within the period.

However, Mr. Sakyi cautioned that the declining returns on treasury instruments would require banks to rethink their revenue strategies by expanding lending activities, strengthening operational efficiency and identifying alternative income-generating opportunities.

He reaffirmed the bank's commitment to becoming a leading, people-centred financial institution dedicated to making banking services easier and more accessible to customers.

The Board Chairman also paid tribute to the bank's founder, Nana Boakye Ansah-Debrah, of blessed memory, acknowledging his visionary leadership and courage in establishing the institution.

He described the bank's growth as a reflection of the founder's enduring legacy and expressed confidence that the institution would continue to build on the strong foundation he left behind.

The AGM was attended by traditional authorities, shareholders, banking industry executives, government representatives and other distinguished guests.