{
  "id": 17299259,
  "title": "Amansie Community Bank posts GH₵73m profit before tax, unprecedented GH₵1bn deposit in Ashanti Region",
  "url": "https://urgent.news/2026/10/30/amansie-community-bank-posts-gh-73m-profit-before-tax-unprecedented-17299259",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-30T21:46:04.000Z",
  "source": {
    "name": "Joy Business",
    "slug": "joy-business",
    "url": "https://www.myjoyonline.com/amansie-community-bank-posts-gh%e2%82%b573m-profit-before-tax-unprecedented-gh%e2%82%b51bn-deposit-in-ashanti-region/"
  },
  "original_language": "en",
  "account": "Amansie Community Bank PLC recorded a remarkable financial performance in the year ended December 2025, posting a profit before tax of over 73 million cedis, marking a staggering 100% increase from the previous year. The bank also achieved a historic milestone by mobilizing one billion cedis in deposits, becoming the first community bank in the Ashanti region to reach this impressive figure. This deposit growth represents a 48% increase over the previous year's 687.82 million cedis.\n\nThe bank's deposit mobilization was primarily due to customer contributions to Savings and Susu accounts, which provide enhanced stability for utilization. Additionally, the bank granted loans and advances amounting to 80 million cedis, representing a 77% increase from the previous year. The total assets grew from 761.7 million cedis in 2024 to 1,156.7 billion cedis in 2025, reflecting a 51.8% increase driven by investments, cash, and Bank Balances, as well as Loans and Advances.\n\nIn 2024, the bank earned 36 million cedis in profit before tax, but the 2025 performance saw a remarkable 100% increase to 73 million cedis before tax, translating to a profit after tax of 50.98 million cedis, a 94.57% increase from the 2024 figure of 26.20 million cedis. The bank's portfolio investments grew by 35.2% to reach 739.3 million cedis, with investments allocated to treasury bills, fixed deposits, and other short-term fixtures on the money market.\n\nThe bank's management, led by Chief Executive Officer Frederick Kwakye Kyei, emphasized the importance of prudent fiscal measures and operational efficiencies to sustain the bank's gains. Kyei noted that the bank aims to generate more revenue and profits while increasing the number of shares to pay out higher dividends. The Board Chairman, Ben Kwakye-Adeefe, highlighted the strategic focus on generating funds from the micro-finance sector and providing credit facilities to medium, small, and micro-scale businesses. The bank has also committed to supporting struggling community banks by proposing measures to meet their minimum capital requirements.",
  "summary": "Amansie Community Bank PLC is streamlining its operations to sustain gains after posting a strong financial performance in the year ended December 2025.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}