Manya Krobo Community Bank records 131% rise in profit after tax
Manya Krobo Community Bank PLC recorded a 131% increase in profit after tax in 2025, as the bank posted strong growth across key areas of its operations. Profit after tax rose from GH¢4 million in 2024 to GH¢9.3 million in 2025, while pre-tax profit more than doubled by 135%, from GH¢6.5 million to GH¢15.4 million. The performance was driven largely by an increase in net operating income, which…
The Manya Krobo Community Bank PLC reported a remarkable 131% increase in profit after tax in 2025, with its net operating income climbing by 45%. The bank's Board noted the results highlighted the institution's resilience and continued growth. Despite higher operating expenses, the bank's balance sheet expanded significantly, and shareholder funds improved by 47%.
Key drivers of the profit surge included a rise in net operating income, income from loans and investments, and fee and commission income. However, the increase in operating expenses was partially due to higher credit impairment provisions and investments in human capital. The bank's assets grew by 27%, total deposits rose by 27%, and gross loans and advances increased by 35%.
The Board recommended a dividend of GH¢2.33 million, which represents 25% of the profit after tax. This dividend is a 47% increase from the GH¢1.53 million paid to shareholders in 2024. The Chairman, Patrick Amannor Buckor, emphasized the need to balance shareholder returns with the bank's expansion and capital base.
In addition to financial growth, the bank invested heavily in corporate social responsibility, including scholarships for financially disadvantaged students. The bank also transitioned from Manya Krobo Rural Bank PLC to Manya Krobo Community Bank PLC, aligning with reforms to modernize and include community banks.
The CEO, Godfred Asante Hanson, highlighted future growth strategies focusing on operational efficiency, digital transformation, improved customer service, and staff capacity. He emphasized the bank's commitment to sustainable banking principles and a strategic plan to enhance profitability and competitiveness in the community banking sector.
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