Accra, Ghana — 23 February 2026 — CalBank PLC (GSE: CAL) is pleased to announce its audited financial results for the full year ended 31 December 2025, highlighting a landmark performance in its transformation journey. The results reflect a decisive capital restoration, comprehensive balance sheet repositioning, materially improved asset quality, and a return to structurally sustainable and diversified earnings growth – affirming the Bank’s successful turnaround and renewed trajectory toward disciplined, sustainable expansion.
Key Highlights from the Group’s Full Year 2025 Audited Results
Diversified and Sustainable Revenue Growth
The Group delivered a strong operating performance for full year 2025, recording operating income of GHS 886.0 million, representing 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 lines.
- Net Interest Income increased by 12.8% to GHS 513.6 million (2024: GHS 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 GHS 211.7 million (2024: GHS 179.6 million), driven by transaction banking, digital channels, and deeper client and value chain engagement.
- Net Trading Income surged by 65.7% to GHS 150.0 million (2024: GHS 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.
Disciplined Cost Containment and Sustained Credit Recovery Momentum
The Group maintained firm cost discipline in 2025, continuing its cost consolidation journey and significantly reducing expense pressure on earnings. 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 GHS 193.7 million (2024: GHS 193.2 million), emphasizing the Bank’s intensified recovery drive, prudent credit risk management, and measurable improvements in overall loan book quality.
- Other Operating Expenses reduced to GHS 224.4 million (2024: GHS 292.2 million), underscoring sustained overhead rationalization, 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 GHS 481.4 million (2024: GHS 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.
A Rebuilt Capital Base and a Repositioned Credit Portfolio
The defining milestone of 2025 was the successful and oversubscribed Rights Issue Offer for GHS 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.
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 GHS 1,528.4 million (2024: GHS 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.
Commenting on the results, Mr. Carl Asem, Managing Director of CalBank PLC, stated:
“2025 marked a decisive turnaround for CalBank, with full capital restoration, improved asset quality, diversified earnings growth, and disciplined cost management fundamentally strengthening the Bank’s financial position. 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 of CalBank PLC, Mr. Daniel Sackey, added:
“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. The Bank now stands prudentially sound and strategically repositioned for disciplined growth, durable performance, and the delivery of sustainable value to shareholders and stakeholders.”
Looking Ahead to 2026
The Bank 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.
CalBank PLC thanks its shareholders, customers, employees, and partners for their continued trust and support throughout 2025. Together, we look forward to building on this momentum in 2026 and beyond.
For further details on the financial report, click to read more here.
For further information, please contact:
CalBank Investor Relations (investorrelations@calbank.net)
CalBank PLC
