- profit after tax rises to GH¢154.9m
• deposits hit GH¢2.3bn
By Elizabeth PUNSU, Wasa Akropong
Amenfiman Community Bank PLC has recorded an exceptional financial performance for the 2025 financial year, posting a profit after tax of GH₵154.9 million, representing a remarkable 180 percent increase over the GH₵55.38 million recorded in 2024.
In a major show of confidence, shareholders at an Extraordinary General Meeting in March 2026 approved plans to increase the Bank’s stated capital to more than GH₵100 million. This would position the institution to meet evolving regulatory requirements, support larger transactions and compete more effectively within the country’s financial sector.
The impressive performance underscores the Bank’s resilience, sound governance and strategic focus despite operating within a challenging macroeconomic environment characterised by inflationary pressures, high interest rates and evolving regulatory requirements.
Chairman of the Board of Directors, Prof. Lucas Nana Wiredu Damoah, presenting his report at the 42nd Annual General Meeting (AGM) of shareholders, under the theme “Building on a Legacy of Excellence,” noted that the results reflect the Bank’s ability to balance growth with prudent risk management while delivering value to customers, shareholders and communities.
The Bank’s Profit before Tax increased by 159 percent to GH₵230.2 million, driven by strong growth in lending activities, improved operational efficiency and effective deployment of earning assets.
Operational Performance
Despite the challenging operating environment, Amenfiman Community Bank delivered outstanding growth across all major financial indicators.
Operating income increased by 79 percent, largely supported by an 82 percent rise in interest income. The Bank’s balance sheet also expanded significantly, with total assets growing by 56 percent to exceed GH₵2.8 billion.
According to the Board Chairman, the performance demonstrates the effectiveness of the Bank’s business model and its commitment to supporting economic growth through responsible lending and targeted interventions, particularly for women and youth-led micro, small and medium enterprises (MSMEs).
Deposits
Customer confidence in the Amenfiman brand continued to strengthen during the year under review as deposits grew by 48 percent to GH₵2.3 billion, the highest in the industry compared with GH₵1.55 billion in 2024.
The Bank also recorded a substantial increase in credit delivery, disbursing GH₵1.60 billion in loans during the year 2025 under review, representing a 182 percent increase over the previous year, with gross loan portfolio growing by 169 per cent.
Prof. Damoah described the growth as evidence of the Bank’s increasing relevance in supporting local businesses, entrepreneurs and households across its operational areas.
Capital Strengthening
The Bank continued to strengthen its capital position through profit retention and share sales, resulting in a significant improvement in its Capital Adequacy Ratio from 13 percent in 2024 to 19 percent in 2025.
To strengthen support for the Micro, Small and Medium Enterprise (MSME) sector, the Bank introduced specialised lending programmes that enabled it to expand credit delivery while maintaining strong risk controls. Between 2024 and 2025, it disbursed more than GH₵2 billion to over 21,000 businesses and individuals across its operational areas.
The Bank also expanded its loan portfolio while maintaining a non-performing loan (NPL) ratio of just 1.62 percent in 2025, significantly below the industry average. According to the Board Chairman, the interventions have boosted local economic activity, supported entrepreneurship, created jobs and enhanced financial inclusion in the communities it serves.
Transition to Community Bank
A major milestone during the year was the transition from Amenfiman Rural Bank PLC to Amenfiman Community Bank PLC.
The change reflects a stronger capital base, expanded operational scope and readiness to participate more broadly in Ghana’s financial sector reforms.
The transition is expected to pave the way for deeper financial inclusion, greater support for MSMEs and eventual participation in cross-border trade financing opportunities.
Corporate Social Responsibility
Beyond its financial achievements, the Bank maintained its commitment to community development through investments in education, healthcare, sanitation and economic empowerment initiatives.
Spending on sustainability and corporate social responsibility projects increased significantly from GH₵1.3 million in 2024 to GH₵4.7 million in 2025.
The Bank noted that these interventions form part of its broader mission of combining profitability with social impact and supporting sustainable development within its catchment areas.
Branch Expansion
In an interview with the B&FT, the Chief Executive Officer (CEO), Amenfiman Community Bank, Dr. Alex Asmah, indicated that as part of efforts to deepen financial inclusion and improve customer access, the Bank will continue to expand its operational footprint.
According to him, approval has been secured from the Bank of Ghana for the acquisition of a new branch property at Takoradi Market Circle, while construction of the Wasa Japa Branch and a modern multipurpose banking complex at Wasa Akropong progressed steadily.
The projects are expected to enhance service delivery and strengthen the bank’s presence in key growth centres.
Current State
Dr. Asmah, who is expected to draw the curtain on his tenure at the Bank in December, said Amenfiman Community Bank has evolved into one of the fastest-growing indigenous financial institutions over the past decade.
According to him, Total assets have grown from GH₵105 million in 2015 to more than GH₵2.8 billion in 2025, representing growth of over 2,500 percent. Customer deposits have similarly increased from GH₵87 million to more than GH₵2.3 billion over the same period.
With a strengthened capital base, expanding branch network, growing digital capabilities and a clear strategic vision, the Bank is well positioned to achieve its long-term ambition of becoming a national banking powerhouse while maintaining its identity as a community-focused institution.
ESG commitment
The Bank is also strengthening its commitment to sustainable banking through the adoption of Environmental, Social and Governance (ESG) principles. As part of this agenda, it plans to invest in a minimum of 100 kilowatts of hybrid solar photovoltaic systems annually over the next five years to improve energy efficiency and reduce its carbon footprint. The Bank also intends to expand financing for environmentally sustainable projects, positioning itself as a leader in green banking within the rural and community banking sector.
Post Views: 7
Discover more from The Business & Financial Times
Subscribe to get the latest posts sent to your email.
