OmniBSIC Bank Ghana Limited’s financial position strengthened in the first half of 2026, despite a sharp 37.0% year-on-year decline in net profit to GH¢177.58 million.
The bank’s balance sheet expanded significantly, with total assets rising 41.9% to GH¢23.40 billion and customer deposits increasing 35.2% to GH¢20.01 billion.
Capital and asset quality also improved, while liquidity remained strong.
However, profitability came under pressure as total operating income fell 10.0% to GH¢623.47 million, largely because net interest income dropped 43.8% to GH¢330.31 million.
Strong growth in fees, commissions and trading income provided some relief but was insufficient to prevent the decline in bottom-line earnings.
A first-half 2026 credit assessment report on the bank recommends short-term fixed deposit investments of 91 to 182 days, while urging close monitoring of profitability, loan growth, non-performing loans and overall asset quality.
Profitability under pressure
OmniBSIC’s profitability weakened in the first six months of 2026 despite substantial gains from non-interest income.
Total operating income declined by 10.0% year-on-year to GH¢623.47 million, from GH¢693.03 million in the corresponding period of 2025.
The main drag was net interest income, which fell sharply by 43.8% year-on-year to GH¢330.31 million.
The decline indicates continued pressure on the bank’s core interest-generating activities during the period.
The bank, however, recorded significant growth in alternative revenue streams.
Net fee and commission income almost doubled, increasing by 97.3% year-on-year to GH¢84.48 million, while net trading income surged by 249.2% to GH¢206.08 million.
The strong performance in trading and fee-related income helped cushion the impact of weaker net interest income, but did not fully offset it.
The bank also faced higher personnel costs during the period. Personnel expenses increased by 24.4% year-on-year to GH¢111.91 million.
Other operating expenses moved in the opposite direction, declining by 8.9% to GH¢159.17 million.
Overall, the combination of weaker operating income and higher personnel costs contributed to a 37.0% year-on-year decline in net profit to GH¢177.58 million.
Strong liquidity buffer
Despite the pressure on earnings, OmniBSIC maintained a strong liquidity position during the review period.
Liquid assets represented 95.05% of total deposits in the first half of 2026, compared with 96.74% in the same period of 2025.
Liquid assets to total assets stood at 88.49%, down marginally from 89.63% a year earlier.
The report said liquid assets increased by 40.06% year-on-year to GH¢20.71 billion in H1 2026.
The substantial increase provides the bank with a sizeable buffer to meet short-term liquidity requirements and supports its ability to respond to customer withdrawal and funding needs.
The bank’s overall liquidity ratio stood at 103.51%, further underscoring the strength of its liquidity position.
The report attributed the favourable liquidity position to significant growth in cash and balances with banks, alongside a strong customer deposit base.
Capital position strengthens
OmniBSIC also strengthened its capital position during the period.
Its capital adequacy ratio increased to 21.05%, from 17.17% in H1 2025, comfortably above the 13% regulatory requirement set by the Bank of Ghana.
The assessment report also cites a previous capital adequacy ratio of 17.77% in its comparison of the bank’s capital position, against the current 21.05%.
The improvement provides the bank with a larger capital cushion against potential financial and credit risks and creates additional capacity to support balance-sheet expansion.
Total shareholders’ equity increased by 32.6% year-on-year to GH¢1.29 billion.
Balance sheet expands
The bank’s balance sheet recorded strong growth during the six-month period.
Total assets increased by 41.9% year-on-year to GH¢23.40 billion, reflecting significant expansion in the bank’s financial resources.
Customer deposits also grew strongly, rising by 35.2% year-on-year to GH¢20.01 billion.
The increase in deposits provides a stronger funding base for the bank and has supported the expansion of its lending portfolio.
Loans and advances to customers increased by an especially significant 97.9% year-on-year to GH¢2.10 billion.
The near doubling of customer lending points to a substantial expansion in credit activities, although the rapid growth also makes continued monitoring of loan quality important.
Asset quality improves
One of the more positive developments in the bank’s first-half performance was the improvement in asset quality.
The non-performing loan (NPL) ratio declined from 19.50% in H1 2025 to 14.69% in H1 2026.
The reduction represents an improvement in the quality of the loan portfolio and suggests progress in managing problem loans, even as total advances expanded significantly.
However, given the 97.9% growth in loans and advances, continued monitoring of credit underwriting, recoveries and emerging problem loans will remain important.
The combination of rapidly expanding lending and a still-elevated NPL ratio makes asset quality a key factor in assessing the bank’s financial performance going forward.
Investment outlook
Overall, the credit assessment presents OmniBSIC as a bank with strong liquidity, improving capitalisation, substantial balance-sheet growth and improving asset quality, but with profitability trends requiring closer attention.
The bank’s ability to maintain earnings growth will depend partly on whether the strong performance in fee income and trading activities can compensate for the significant decline in net interest income.
The assessment therefore recommends short-term fixed deposit investments with tenors ranging from 91 to 182 days.
At the same time, it recommends close monitoring of the bank’s profitability trends, loan growth, NPL developments and broader asset quality.
For investors, the first-half results present a mixed picture: OmniBSIC has strengthened its liquidity and capital buffers and significantly expanded its balance sheet, while the sharp decline in net interest income and overall profit highlights the need for greater scrutiny of the sustainability of earnings.
The key challenge for the bank in the second half of 2026 will be to convert its stronger funding, capital and liquidity position into sustainable earnings growth while ensuring that rapid credit expansion does not reverse the improvement in asset quality.
