ADB records GH¢230m profit in 6 months
The Agricultural Development Bank PLC (ADB) has posted a profit after tax of GH¢230.5 million 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 this year represent nearly a threefold increase in profitability, from the GH¢80 million recorded within the same period last year.
The bank’s profit was supported by strong growth in interest income and a strategic shift in asset allocation that has helped stabilise earnings.
The bank’s total assets increased to GH¢14.99 billion from GH¢11.35 billion in June 2024, representing a 32 per cent growth.
Customer deposits also increased significantly, reaching GH¢12.03 billion, up from GH¢10.17 billion.
ADB PLC further recorded a turnaround in its equity position, moving from a negative GH¢27.1 million in June 2024 to a positive GH¢1.51 billion, 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.
The shift supports long-term financial resilience while maintaining a prudent and sustainable approach to lending.
The new strategic direction of the bank, encapsulated in the corporate tagline, “Beyond Banking…”, places emphasis on redefining banking, empowering businesses, building futures, driving prosperity and nurturing communities.
Deliberate steps
Commenting on the half-year results, the Managing Director of the bank, 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 three banks in Ghana and globally admired for our people, processes and performance,” he said.
“While the bank is set to be fully recapitalised next year, measures have been put in place to ensure efficiency and sustainable growth,” he added.
The Board Chairman, Kenneth Kwamena Thompson, said the results reflected a bank being repositioned to take its rightful place in the banking industry.
He reiterated the board’s unwavering support for the Managing Director and his team in turning around ADB's fortunes.
ADB PLC currently prioritises investing in digital innovation, customer experience, and sustainable financing, with a commitment to delivering growth that goes beyond the balance sheet to one that empowers people, industries and the nation.