Accra:The Agricultural Development Bank (ADB) PLC has reported a significant increase in its financial performance, achieving a profit before tax of GH¢478.5 million in the first nine months of 2026, compared to GH¢447.5 million in the same period of 2025. This financial milestone underscores ADB's commitment to bolstering its financial standing and supporting Ghanaian businesses.
According to Ghana Web, Edward Ato Sarpong, the Managing Director of ADB, highlighted the bank's dedication to financial growth and customer service improvement, emphasizing the institution's efforts to build a robust and competitive financial entity. He noted that the bank's enhanced financial results reflect effective resource management and a focus on maintaining financial stability.
The ADB's unaudited financial results for the period ending September 30, 2026, reveal a 6.9% increase in profit after tax, rising to GH¢301.7 million from GH¢282.3 million in September 2025. Customer deposits also saw a substantial rise of 19.5%, increasing from GH¢12.85 billion to GH¢15.36 billion, marking a GH¢2.51 billion growth.
Additionally, the bank improved its Capital Adequacy Ratio from 0.49% to 27.41% and its liquidity ratio from 130% to 145.83%. A significant decrease in interest expenses by 36.1%, from GH¢565.4 million to GH¢361.3 million, was also reported.
Sarpong stated that ADB would leverage these gains to strengthen customer relationships and support businesses and individuals, aiming to cement its position as a trusted financial partner within Ghana's economy. He reiterated the bank's long-term objective to remain profitable while aiding the agricultural sector and the broader economy, emphasizing ADB's commitment to supporting agriculture and agribusiness initiatives.