CalBank PLC has announced a strong financial turnaround in its full year 2025 audited results, delivering a significant capital rebuild, material asset quality recovery and structurally sustainable growth.
The Bank’s performance for the year ended December 31, 2025 reflects what management describes as a decisive reset of its risk profile, earnings structure and capital position, following a challenging prior period.
Profit Before Tax rose by 16.2 per cent to GH¢481.4 million in 2025, up from GH¢414.2 million in 2024.
The Bank attributed the improvement to disciplined top-line growth, operational alignment, cost efficiencies and strong revenue performance.
Strong growth in core income lines
CalBank recorded operating income of GH¢886 million for the year, representing a 10.4% increase over 2024.
The growth was driven by improved performance across its diversified revenue streams.
Net Interest Income increased by 12.8% to GH¢513.6 million, compared to GH¢455.4 million in 2024.
The Bank said this reflected disciplined asset pricing, an improved funding mix and optimized balance sheet deployment.
Net Fees and Commission Income grew by 17.9% to GH¢211.7 million, up from GH¢179.6 million the previous year, supported by transaction banking activities, digital channel expansion and deeper client engagement across value chains.
Net Trading Income surged by 65.7% to GH¢150.0 million, compared to GH¢90.5 million in 2024, underpinned by effective market positioning and proactive trade execution.
Management noted that the earnings profile now demonstrates greater balance, reduced volatility and improved quality of income.
Cost discipline and credit recovery
CalBank maintained firm cost discipline throughout 2025 as part of its cost consolidation programme.
Other Operating Expenses declined significantly to GH¢224.4 million, down from GH¢292.2 million in 2024, reflecting sustained overhead rationalisation, tighter cost controls and enhanced operational efficiency.
The Bank also recorded a Net Impairment Gain of GH¢193.7 million, slightly higher than the GH¢193.2 million reported in 2024.
This underscores intensified recovery efforts, prudent credit risk management and measurable improvements in loan book quality.
The combined effect of revenue growth and cost control strengthened profitability resilience and reinforced the Bank’s long-term sustainability.
Capital restoration and balance sheet reset
A defining milestone in 2025 was CalBank’s oversubscribed Rights Issue Offer, which raised GH¢900 million and decisively rebuilt its capital base.
Total Shareholders’ Equity surged to GH¢1,528.4 million, compared to GH¢217.3 million in 2024, reflecting both the capital injection and retained earnings accumulation.
The Capital Adequacy Ratio (CAR) improved dramatically to 19.80% from negative 6.38% in 2024, placing the Bank comfortably above regulatory minimum requirements.
Asset quality also improved significantly, with the Non-Performing Loan (NPL) ratio declining to 17% from 47.5% in 2024, demonstrating substantial credit book clean-up and recovery progress.
Management and Board Confidence
Managing Director Carl Asem described 2025 as a decisive turnaround year marked by full capital restoration, improved asset quality and diversified earnings growth.
“These results reflect deliberate execution and a structurally more resilient foundation for sustainable growth,” he said.
The Board Chairman also expressed satisfaction with the rebuilt capital base, strengthened risk discipline and sustained profitability, noting that the Bank is now prudentially sound and strategically repositioned for disciplined growth.
Outlook for 2026
CalBank enters 2026 fully capitalised and operationally leaner, with strategic priorities focused on disciplined credit growth, deeper retail and SME banking, digital acceleration, non-interest revenue expansion and sustained cost and risk discipline.
Management says the Bank is now positioned to deliver sustainable profitability, material shareholder value and responsible support for Ghana’s economic development.
