Kwabre Area Community Bank records GH¢2.9 million profit in two years

The Kwabre Area Community Bank PLC reported a profit of GH¢2,922,817 over a two-year period, as disclosed by the bank's chairman Ing. Louis Kwakye during the 6th Annual General Meeting at Kodie in the Afigya Kwabre South Municipality. The bank's profit before tax amounted to GH¢2,922,817, with individual profits of GH¢1,643,450 in 2024 and GH¢1,279,367 in 2025.

The bank's financial performance was impressive, with a 143.8% increase in cash and bank balances from GH¢1,864,090 in 2024 to GH¢4,545,014 in 2025. Additionally, the bank's total assets increased by 62.1% from GH¢15,183,300 in 2024 to GH¢24,609,914 in 2025, representing a growth of GH¢9,427,461. Deposits also saw a 57.8% increase, rising from GH¢13,147,734 in 2024 to GH¢20,752,496 in 2025.

Despite the bank's success, Ing. Kwakye highlighted capitalization, profitability, and loan recovery in the private sector as significant challenges faced by the institution. He assured the board and management's commitment to overcoming these obstacles and ensuring sustainable growth, convenient and reliable banking services, and long-term value creation for shareholders, customers, and stakeholders.

The chairman commended the bank's management and staff for their efforts in deposit mobilization and encouraged shareholders to increase their shareholding and support the bank's capitalization efforts to achieve sustainable growth in line with the new regulatory capital requirement set by the Bank of Ghana.