Offinso Community Bank Plc has recorded strong growth across key financial indicators in 2025, with profit before tax rising by nearly 84 percent and shareholders’ funds almost quadrupling as the bank expanded lending and strengthened its balance sheet.
Speaking at the bank’s 8th Annual General Meeting (AGM) of shareholders, the Board Chairman, Albert Kan Dapaah, said profit before tax increased to GH¢6.53 million in 2025 from GH¢3.55 million in the previous year, representing growth of 83.85 percent.
The bank’s equity and reserves, also known as shareholders’ funds, recorded the strongest performance among all major indicators, surging by 287.47 percent to GH¢6.46 million from GH¢1.67 million in 2024.
Mr. Kan Dapaah attributed the performance to prudent management decisions, customer confidence and the bank’s deliberate expansion of credit to productive sectors of the local economy.
Customer deposits rose by 21.99 percent to GH¢80.06 million from GH¢65.63 million in 2024, reinforcing the bank’s position as one of the leading indigenous financial institutions within its catchment area.
Susu deposits remained the bank’s largest funding source, accounting for 43.5 per cent of total deposits at GH¢34.83 million, followed by savings deposits at GH¢29.55 million, representing 36.9 percent.
This, Mr. Kan Dapaah noted, highlights the bank’s pursuit of deepening financial inclusion at the community level.
Demand deposits and time deposits contributed 10.5 percent and 9.1 percent respectively.
Total assets increased by 28.49 percent to GH¢87.67 million from GH¢68.23 million a year earlier, while stated capital rose by 20.7 percent to GH¢1.35 million.
The bank also recorded significant growth in lending activity during the year under review as net loans and advances climbed by 59.43 percent to GH¢10.91 million from GH¢6.98 million in 2024.
According to the chairman, the bank disbursed GH¢19.72 million in new loans and advances to 1,247 customers during 2025, compared with GH¢11.34 million extended to 976 customers in the previous year.
The bank’s investments in short-term securities remained largely unchanged at GH¢46.95 million compared with GH¢46.91 million in 2024.
Management said the marginal increase reflected a deliberate shift in investment strategy following the Domestic Debt Exchange Programme (DDEP) on the financial sector and the decline in treasury bill yields, with greater emphasis placed on lending to individuals and small and medium-sized enterprises.
With the introduction of revised stated capital requirements for community banks by the Bank of Ghana (BoG), raising the minimum from GH¢1 million to GH¢5 million, the board chairman appealed to existing shareholders and prospective investors to increase their share subscriptions.
Per BoG’s directive, community banks are required to meet the new threshold by December 31, 2026.
To support the capital mobilisation drive, the bank announced a non-renounceable rights issue for existing shareholders at a discounted price of 18 Ghana pesewas per share, with the offer expected to run until the end of 2026.
The board also proposed a bonus allocation of GH¢2 million to shareholders in proportion to their shareholdings as of December 31, 2025, subject to final regulatory approval.
Beyond its financial performance, the bank invested GH¢66,000 in agriculture, health, education and security initiatives within its operational communities as part of its corporate social responsibility (CSR) programme.
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