Avenor Community Bank PLC posts GHS2.99m profit

Avenor Community Bank PLC reported a significant rise in profit before tax in 2025, with a 9.79% increase from GHS2.72 million in 2024 to GHS2.99 million. Despite rising operational costs, total income saw a 19.35% increase, reaching GHS15.29 million in 2025, up from GHS12.82 million in 2024. Board Chairman Thomas Clarkson Adade revealed these figures during the bank's 43rd Annual General Meeting in Akatsi.

The bank also experienced a 31.08% rise in total assets, growing from GHS45.83 million to GHS60.08 million. Customer deposits climbed 38.37%, from GHS32.38 million to GHS44.80 million in 2025. Total investments grew 37.91% from GHS20.61 million to GHS28.42 million, while loans and advances increased 17.93% from GHS16.10 million to GHS18.99 million.

Adade attributed the strong performance to the bank's resilience in navigating economic and regulatory changes, continuing to generate value for shareholders. The bank's financial improvement came as the economy transitioned from challenges to recovery. The bank maintained a capital adequacy ratio of 23.48%, above the regulatory minimum, and continued to manage its finances prudently.

Staff costs and strategic recruitment contributed to a 21.92% increase in operating expenses to GH¢12.31 million. Akatsi South's Municipal Chief Executive, Daniel Dagba, praised the bank's performance and encouraged further contributions to the local economy.