CalBank witnessed a strong growth in its operations in 2025 as it ended the year delivering a strong capital rebound, material asset quality recovery and sustainable growth.

Its 2025 audited financial results released today, February 23, 2026, showed that Profit-Before-Tax went up 16.2% to GH¢ 481.4 million as against GH¢ 414.2 million.

According to CalBank, the improved performance was due to disciplined top-line growth and gains in operational alignment as well as cost efficiencies and strong revenue performance

It describes the impressive results as due to decisive capital restoration, comprehensive balance sheet repositioning and materially improved asset quality. The rest are a return to structurally sustainable and diversified earnings growth – affirming the Bank’s successful turnaround and renewed trajectory toward disciplined, sustainable expansion.

Key Highlights of 2025 Financials

The group company also delivered a strong operating performance for the full year 2025, recording operating income of GH¢886.0 million. This represented a 10.4% increase over 2024.

This performance underscores the effectiveness of the Bank’s diversified revenue strategy, anchored on sustainable and resilient income generation across multiple business.

Net Interest Income increased by 12.8% to GH¢513.6 million (2024: GH¢ 455.4 million), reflecting disciplined asset pricing, improved funding mix, and optimized balance sheet deployment.

Net Fees and Commission Income grew by 17.9% to GH¢211.7 million (2024: GH¢ 179.6 million), driven by transaction banking, digital channels, and deeper client and value chain engagement.

Net Trading Income surged by 65.7% to GH¢150.0 million (2024: GH¢90.5 million), supported by effective market positioning and proactive trade execution.

Overall, the group’s earnings profile continues to demonstrate greater balance, reduced volatility, and improved quality of income – reinforcing the Bank’s strategic focus on sustainable, diversified growth.

Sustained Credit Recovery Momentum

The group firm maintained firm cost discipline in 2025, continuing its cost consolidation journey and significantly reducing expense pressure on earnings.

CalBank stated that this was achieved alongside sustained recovery efforts and proactive balance sheet clean-up initiatives, and reflected in financial performance as follows:

Net Impairment Gain of GH¢193.7 million (2024: GH¢193.2 million), emphasising the Bank’s intensified recovery drive, prudent credit risk management, and measurable improvements in overall loan book quality.

Other Operating Expenses reduced to GH¢224.4 million (2024: GH¢292.2 million), underscoring sustained overhead rationalisation, tighter cost controls, and enhanced operational efficiency.

The combined impact of cost efficiencies and strong revenue performance drove Profit before Tax up 16.2% to GH¢481.4 million (2024: GH¢ 414.2 million), reflecting disciplined top-line growth and gains in operational alignment.

These measures strengthened profitability resilience and reinforced the Bank’s commitment to disciplined execution and long-term financial sustainability.

 Rebuilt Capital Base and a Repositioned Credit Portfolio

CalBank also noted that defining a milestone of 2025 was the successful and oversubscribed Rights Issue Offer for GH¢ 900 million, which decisively rebuilt the Bank’s capital base and restored financial resilience.

 “This capital raise, combined with deliberate balance sheet repositioning and strengthened credit allocation discipline, marked a fundamental reset of the Bank’s risk and growth trajectory”, the Bank stated.

Through targeted portfolio recalibration, enhanced risk selection, more rigorous underwriting standards, and strengthened credit governance and oversight frameworks, the Bank repositioned its credit book toward sustainable quality and more resilient performance.

Total Shareholders’ Equity increased significantly to GH¢1,528.4 million (2024: GH¢217.3 million), reflecting the successful capital raise that completed the capital restoration journey, and the accretion of retained earnings for 2025.

Capital Adequacy Ratio (CAR) improved markedly to 19.80% (2024: -6.38%), positioning the Bank comfortably above regulatory minimum requirements and restoring prudential strength.

Non-Performing Loan (NPL) Ratio reduced materially to 17% (2024: 47.5%), demonstrating substantial asset quality improvement and the effectiveness of sustained credit book clean-up and recovery efforts.

Collectively, these achievements signal a structurally stronger institution – better capitalized, de-risked, and positioned to pursue disciplined growth.

CalBank MD on Financials

Commenting, the Managing Director of Cal Bank,Carl Asem said “2025 marked a decisive turnaround for CalBank, with full capital restoration, improved asset quality, diversified earnings growth,”

He stated that the disciplined cost management fundamentally strengthened the Bank’s financial position.

Mr. Asem also added that “These results reflect deliberate execution and a structurally more resilient foundation for sustainable growth, and a renewed capacity to pursue strategic opportunities, deepen customer relationships, and deliver lasting value to our shareholders.”

The Board Chairman, on his part, stated that “The Board is pleased with the significant progress achieved in 2025, highlighted by a rebuilt capital base, rigorous operational and risk discipline, and sustained profitability. “

He added that “The Bank now stands prudentially sound and strategically repositioned for disciplined growth, durable performance, and the delivery of sustainable value to shareholders and stakeholders.”

Outlook

CalBank stated that it enters 2026 as a stronger institution – fully capitalized, operationally leaner, and strategically focused on delivering sustainable profitability, material shareholder value, and responsible support for Ghana’s economic development.

The Bank’s broad strategic priorities for the year include:

Disciplined Credit Growth: Lending will be selectively re-accelerated, prioritizing high-quality obligors, well-collateralized exposures, and sectors aligned with Ghana’s projected economic growth.

Deepening Retail and SME Banking: The Bank will strengthen its retail deposit base to support lower-cost funding while scaling SME and consumer banking offerings through targeted solutions and customer-centric engagement.

Digital Acceleration and Technology Modernization: Digital transformation will remain central, with expanded mobile and internet banking onboarding, enhanced customer experience, deeper financial inclusion, and advanced data analytics to drive insights, cross-selling, and automation for improved efficiency and cost optimization.

Non-Interest Revenue Expansion: Income streams will continue to be diversified across transaction banking, trade services, treasury solutions, and digital payments, reducing earnings volatility in a changing rate environment and strengthening recurring revenue.

Sustained Cost and Risk Discipline: The Bank will maintain rigorous cost management, proactive credit monitoring, and strong governance practices to protect asset quality gains and support sustainable growth.