The Agricultural Development Bank PLC (ADB) has posted a profit after tax of GH¢230.5million for the first half of 2025, indicating strong signs of progress in the era of a bold strategic direction.
The unaudited results for the six-month period ending June 30, 2025, represent a nearly three-fold increase in profitability, from the GH¢80million recorded within the same period last year. The Bank’s profit was supported by strong growth in interest income, realignment of cost and expenses, and a strategic shift in asset allocation that has helped stabilize earnings.
The Bank’s total assets rose to GH¢14.99billion, up from GH¢11.35billion in June 2024, representing a growth of 32%. Customer deposits also increased significantly, reaching GH¢12.03billion, up from GH¢10.17billion.
The Bank further recorded a turnaround in its equity position, moving from a negative GH¢27.1million in June 2024 to a positive GH¢1.51billion, mainly driven by strong earnings and capital support.
While total income improved, the Bank strategically rebalanced its asset portfolio to enhance income stability and manage risk. This included a moderated pace of growth in loans and advances to customers, alongside an increased allocation to Investment securities. This shift supports long-term financial resilience while maintaining a prudent and sustainable approach to the Bank’s transformation agenda.
The new strategic direction of the bank, encapsulated in the Bank’s new corporate tagline, “Beyond Banking…”, places emphasis on redefining banking, empowering businesses, building futures, driving prosperity and nurturing communities.
Commenting on the half-year results, the Managing Director of the Bank, Mr. Edward Ato Sarpong, attributed the performance to deliberate steps taken to reposition ADB. “This half-year performance is a reflection of our vision to make ADB among the top 3 banks in Ghana,” he said.
“Whilst the bank is set to be fully recapitalized next year, measures have been put in place to ensure the delivery of sustainable growth,” he added.
The Managing Director commended staff for their positive response to the Bank’s new strategic direction and for their courage and dedication to their respective tasks.
In his remarks, the Board Chairman of ADB, Mr. Kenneth Kwamena Thompson, said the half-year financial results reflect a bank that is being repositioned to take its rightful place in the banking industry.
He reiterated the Boards unwavering support for the vision and conviction of the Managing Director and his team to turnaround the fortunes of the Bank.
