CalBank PLC has announced it has delivered a strong financial performance for the period ending June 30 2025.

 This has resulted in its Profit Before Tax reaching GH¢283.2 million in the second quarter of this year, representing a 21% year-on-year growth. This is compared to GH¢233.8 million recorded during the same period last year.

CalBank also saw its Group’s Profit Before Tax increase increasing by 14.7% to GHS278.1 million, driven by enhanced operating efficiency, prudent cost management, and a recovery in non-interest income streams.

Reasons

According to the Bank, this performance underscores its strategic focus on strengthening its core operations, diversifying its income streams, safeguarding asset quality, and driving sustainable profitability.

Commenting on the results, Managing Director, Carl Asem reaffirmed CalBank’s commitment to restoring robust performance and delivering sustainable value to all stakeholders.

He emphasised the Bank’s continued focus on executing its strategic agenda and echoed its management team’s unwavering dedication to sustaining this performance momentum into the second half of the year.

Mr. Asem also extended his sincere appreciation to CalBank’s customers and partners for their continued loyalty and support throughout the first half of 2025.

The Bank’s income diversification strategy and cost rationalisation measures bolstered its bottom line, leading to the year-on-year profit performance. This is against the macroeconomic backdrop of fiscal consolidation and falling interest rates, evidenced by the stronger trading and other income streams the Bank recorded for the quarter.

The Bank’s cost-to-income ratio also improved substantially, with total operating expenses decreasing by 19% year-on-year, highlighting the cost successes.

CalBank added that, it remains committed to delivering long-term value to shareholders and contributing meaningfully to the broader economy through innovative, inclusive and sustainable financial solutions.