GEXIM Bank grows loan portfolio to GH¢1.56bn as equity hits GH¢2.1bn in 2025 – SIGA Report

In 2025, Ghana's Export-Import Bank (GEXIM Bank) demonstrated robust financial growth, increasing its loan portfolio by 20.14 percent to reach GH¢1.56 billion. This growth was driven by a rise in loans and advances to customers, which accounted for 63 percent of the bank's total assets, up from 55.9 percent in 2024. The bank maintained solid liquidity, improved credit quality, and expanded its financing operations throughout the year.

Interest income expanded by a remarkable 90.21 percent, from GH¢80.91 million in 2024 to GH¢153.90 million in 2025, primarily due to higher interest earned on loans and financial placements. Funding costs fell significantly by 99.08 percent, from GH¢26.99 million in 2024 to GH¢250,000 in 2025, contributing to a 184.98 percent increase in net interest income, which stood at GH¢153.65 million in 2025.

Operating revenue totaled GH¢898.04 million, bolstered by substantial non-exchange revenue despite lower fees and commission income and a net trading loss. Net profit for the year was GH¢467.56 million, a decline from the exceptional profit recorded in 2024 but still considered robust. Total assets increased by 6.72 percent, reaching GH¢2.48 billion in 2025, reflecting ongoing business expansion.

Shareholders' equity grew by 28.63 percent, reaching GH¢2.10 billion in 2025, mainly due to retained earnings and statutory reserves. The equity multiplier declined from 1.4 times to 1.2 times, indicating a stronger equity base and reduced reliance on debt financing. The bank's capital adequacy ratio improved significantly from 53.7 percent in 2024 to 75.3 percent in 2025, remaining well above the regulatory minimum and enhancing its capacity to absorb potential losses and support future lending to Ghanaian businesses.

Cash holdings grew by 1.75 percent, from GH¢230.82 million in 2024 to GH¢234.85 million in 2025. Investment securities declined by 13.08 percent, signaling a shift in portfolio management strategy toward lending activities. Credit quality also improved, with impairment charges on financial assets decreasing by 32.11 percent, and the loan-loss ratio falling from 15.4 percent to 14.7 percent.

Despite strong profitability, GEXIM Bank experienced declines in net operating margin, return on assets, and return on equity compared to 2024, falling from 23.56 percent to 18.87 percent. However, the bank's cost-recovery ratio remained strong at 208.61 percent.