Ghana’s indigenous bank, ADB recorded 102 percentage points growth in earnings in the first quarter of this year, to GH¢26.8 million, according to its 2021 first quarter Unaudited Financial Statement.

The bank’s profit could have been more if not for the GH¢7.8 million loan loss recorded during the period.

At the same time, the bank’s asset quality improved as Non-Performing Loans ratio went down to 32.49% in March 2021, as against 34.49% recorded in December last year.

According to the unaudited statement, the indigenous bank grew its interest income and net fees and commissions by 21% and 12.5% year-on-year to GH¢118 million and GH¢17.6 million respectively in March 2021.

It was one of the few banks that undertook loans and advancements throughout the peak of the covid-19 pandemic.

Earnings per share stood at 10.27 pesewas in March 2021, higher than the 3.83 pesewas registered the same period last year.

The balance sheet size continued to grow bigger and stronger, as it shore up slightly above the December 2020 figure, to GH¢10.73 billion in the first quarter of this year.

Shareholders’ funds also stood at GH¢877.5 million in March 2021, higher than the GH¢806 million recorded during the same period last year.

In terms of the stability of the bank, ADB recorded a liquidity ratio of 106%, and Non-Performing Loans dropped by about 2.0% from the December 2020 figure to 32.94% in the first quarter of this year.

Financial Soundness Indicators               

	December 2020	March 2021
Capital Adequacy Ratio	14.87%	13.92%
Non-Performing Loans	34.49%	32.94%
Liquid Ratio	103%	144.98%