Agricultural Development Bank (ADB) PLC recorded a profit before tax of GH¢478.5 million for the nine months to 30 September 2026, compared with GH¢447.5 million during the same period in 2025.
Profit after tax rose 6.9% to GH¢301.7 million from GH¢282.3 million, according to the bank’s unaudited financial statements.
Customer deposits increased by 19.5% year on year, rising from GH¢12.85 billion to GH¢15.36 billion. The GH¢2.51 billion increase was accompanied by a 36.1% fall in interest expenses, which declined from GH¢565.4 million to GH¢361.3 million.
ADB’s capital adequacy ratio climbed to 27.41%, up from 0.49% in September 2025, while its liquidity ratio improved from 130% to 145.83%.
Managing Director Edward Ato Sarpong said the figures showed progress in the bank’s efforts to improve its financial strength and resilience.
“Our financial performance reflects the steady progress we are making in building a stronger, more resilient, and competitive bank. The growth in profitability, significant increase in customer deposits, and our capital and liquidity positions demonstrate our commitment to financial discipline, prudent management and sustainable value creation,” he said.
Mr Sarpong added: “We remain focused on consolidating these gains and positioning ADB as a trusted financial partner for businesses, individuals and the productive sectors of Ghana’s economy.”
He said the stronger capital position would support the bank’s strategic objectives while allowing it to maintain prudent risk management. ADB’s transformation agenda is focused on improving financial performance, strengthening customer relationships, increasing operational efficiency and supporting Ghana’s economic development.
“Our goal is to build an institution that is not only profitable, but financially sound, customer-focused and capable of delivering long-term value. We are determined to sustain this positive momentum while remaining faithful to our mandate of supporting agriculture, agribusiness and the broader Ghanaian economy,” Mr Sarpong said.
Balance sheet and funding improvements
Deputy Managing Director for Services Prof. Ferdinand Ahiakpor said the stronger capital and liquidity positions reflected disciplined financial management and effective use of resources.
“The significant strengthening of our capital adequacy and liquidity positions is a major milestone in our efforts to build a financially resilient institution,” he said. “Strong capital and liquidity buffers are fundamental to maintaining financial stability, protecting stakeholder interests and creating the capacity for sustainable business growth.”
Total assets rose by approximately 25%, from GH¢16.22 billion to GH¢20.28 billion, while shareholders’ funds increased by about 77%, from GH¢1.56 billion to GH¢2.76 billion.
Accumulated losses narrowed from GH¢1.70 billion to GH¢1.52 billion, and statutory reserves grew from GH¢340.7 million to GH¢534 million. The non-performing loans ratio also improved, falling from 70.13% to 66.32%, although it remained elevated.
Deputy Managing Director for Operations Sylvia Naa Kwakai Nyante said the rise in deposits demonstrated customer confidence in ADB’s services. She said the bank would continue investing in digital transformation, operational controls and more responsive customer service.
ADB said it would seek to consolidate the gains through prudent management, improved efficiency, customer-focused innovation and continued support for agriculture, agribusiness and Ghana’s productive sectors.
