Nkrankwanta Area Community Bank posts strong financial performance

In 2025, Nkrankwanta Area Community Bank Plc, located in Nkrankwanta, Bono Region, reported a significant financial performance. The bank's profit before tax increased by 110% to GH¢4.58 million, while profit after tax rose by 133% to GH¢3.46 million. Earnings per share climbed to GH¢1.05, up from GH¢0.50. Board Chairman Kwaku Agyemang-Manu announced these figures at the 16th Annual General Meeting of Shareholders held in Nkrankwanta, Dormaa West District.

The bank's performance was achieved despite a fluctuating interest-rate environment, which saw the Bank of Ghana cut its monetary policy rate and Treasury bill yields decline sharply. The Chairman highlighted the need for the bank to diversify income sources and concentrate on commercial lending due to the lower rates. Deposits rose 41% to GH¢82.30 million, while total assets expanded by 38% to GH¢94.56 million.

Loan and advance growth was the most substantial, increasing 113% to GH¢14.65 million. Investments also grew by 31% to GH¢63.83 million. The Chairman attributed the deposit growth to continued customer confidence and loyalty. The bank proposed a GH¢350,000 dividend for shareholders, up from GH¢0.08 per share in 2024, subject to Bank of Ghana approval.

Despite the positive results, the bank faces a capitalization challenge, as it's required to increase its paid-up capital to GH¢5 million by December 31, 2026, in line with new regulatory requirements.