ADB Bank PLC records GH¢101.5 million profit in first quarter of 2026
The Agricultural Development Bank PLC (ADB) has reported a profit after tax of GH¢101.5 million for the first quarter ended 31 March 2026, representing a 47 per cent increase from the GH¢68.8 million recorded in the same period of 2025.
The bank’s unaudited summary financial statements released on Tuesday showed that profit before tax rose to GH¢156.1 million, up from GH¢105.9 million a year earlier.
Interest expense fell sharply by 45.6 per cent to GH¢136.5 million from GH¢251.1 million, driving net interest income to GH¢261.7 million compared to GH¢247.9 million in the prior year.
Customer deposits grew by 23.8 per cent to GH¢14.97 billion as at 31 March 2026, up from GH¢12.09 billion in March 2025.
Total assets increased by 30.7 per cent to GH¢19.44 billion, while cash and bank equivalents rose by 52.3 per cent to GH¢10.11 billion.
The bank’s loan and advances to customers contracted by 20.5 per cent to GH¢2.01 billion.
Net fee and commission income rose to GH¢64.6 million from GH¢57.8 million, while net trading income more than doubled to GH¢32.7 million.
Total operating income stood at GH¢375.1 million, compared to GH¢322.4 million in the first quarter of 2025.
Personnel expenses remained relatively flat at GH¢130.2 million, while other operating expenses fell to GH¢76.0 million from GH¢85.4 million.
The bank recorded an impairment release on loans and advances of GH¢4.8 million, compared to a release of GH¢17.8 million in the previous year.
Non-performing loans to gross loans stood at 69.85 per cent, an improvement from 75.51 per cent in March 2025.
Total equity more than doubled to GH¢2.58 billion from GH¢1.35 billion, driven largely by a reduction in accumulated losses from GH¢2.01 billion to GH¢1.66 billion.
The capital adequacy ratio was recorded at 26.75 per cent, with a common equity tier 1 ratio of 24.75 per cent and a leverage ratio of 5.12 per cent.
The bank reported no statutory liquidity breaches for the period and incurred no sanctions on that front. However, one other regulatory breach from an onsite examination attracted a sanction of GH¢120,000.
Off-balance sheet commitments rose to GH¢208.9 million from GH¢102.0 million, driven by increases in guarantees and letters of credit.
The bank spent GH¢477,500 on corporate social responsibility initiatives during the quarter, up from GH¢306,648 in the same period of 2025.
ADB Bank PLC is listed on the Ghana Stock Exchange and operates with a universal banking license.