Accra: Agricultural Development Bank PLC (ADB PLC) convened its 39th Annual General Meeting (AGM) at the Accra Financial Centre, engaging shareholders, Board of Directors, Management, regulators, and other stakeholders in a comprehensive review of the Bank's 2025 financial performance and future strategy. According to Ghana Web, Managing Director Edward Ato Sarpong addressed the gathering, underscoring ADB PLC's significant turnaround, with the Bank achieving a profit after tax of GHS367.29 million in 2025, a marked improvement from the GHS35.06 million recorded in 2024. The Bank's total assets experienced substantial growth, increasing from GHS14.60 billion in 2024 to GHS17.89 billion in 2025. Customer deposits also rose from GHS12.05 billion to GHS13.22 billion over the same period, with shareholders' equity improving to GHS2.48 billion. During the AGM, shareholders reviewed and considered the Audited Financial Statements for the year ending December 31, 2025, alongside the Reports of the Directors and Au ditors. The re-election of Wing Commander Samuel J.A. Allotey (Retired), Dr. Ebenezer Prince Arhin, and Hon. Misbahu Mahama Adams as Directors was approved. Additionally, shareholders authorised the Board to determine the remuneration for external auditors for the 2026 financial year. A significant resolution passed during the meeting was the approval for a private placement of equity shares to the Government of Ghana, aimed at bolstering the Bank's capitalisation efforts and compliance with regulatory capital requirements. Management reiterated its commitment to sustainable growth, enhancing customer relationships and service, driving innovation, supporting Ghana's agricultural transformation, and generating long-term shareholder value. The AGM concluded with shareholders expressing strong confidence in the Bank's strategic direction and leadership, as it continues its transformative journey under the 'Beyond Banking' agenda.
- June 27, 2026
