First Atlantic Bank PLC recorded a 30.5 percent rise in profit before tax to GHS 703.9 million in 2025, its first full financial year as a publicly listed institution, with total assets and deposits each expanding by more than 40 percent, according to the bank’s audited annual report.
The bank, formerly known as First Atlantic Bank Limited, reported profit after tax of GHS 483.6 million, up from GHS 336.7 million in 2024. Total assets grew 44 percent to GHS 19.2 billion, while customer deposits rose 43.3 percent to GHS 16.6 billion, driven by sustained growth in its retail and corporate customer base.
Net interest income climbed 67.1 percent to GHS 962.7 million, supported by disciplined cost management. The bank’s cost-to-income ratio stood at 39.9 percent, well below the industry average of 48.8 percent. Its Capital Adequacy Ratio (CAR) reached 20.6 percent, comfortably above the Bank of Ghana’s (BoG) prudential minimum of 13 percent.
Total shareholders’ funds strengthened 38.3 percent to GHS 2.21 billion, while Return on Equity (ROE) stood at 21.9 percent for the year. The board has recommended a dividend of GHS 0.29 per share, amounting to GHS 100 million, subject to regulatory approval, up from GHS 0.22 per share the previous year.
The results were delivered against an improving domestic backdrop. Ghana’s inflation fell from 23.8 percent in 2024 to 5.4 percent in 2025, the Ghana cedi appreciated 40.7 percent against the US dollar, and the BoG reduced its Monetary Policy Rate (MPR) from 27 percent to 18 percent to support credit expansion.
Board Chairman Amarquaye Armar described 2025 as a historic milestone, anchored by the bank’s successful listing on the Ghana Stock Exchange (GSE) in December 2025, the first primary equity offering on the exchange’s main board in over seven years. The Initial Public Offering (IPO) was oversubscribed, broadening the bank’s shareholder base and strengthening its capital foundation.
During the year, the bank expanded regionally into Liberia and launched several strategic initiatives including a dedicated Women Banking Desk, a green auto loan product and Project REACT (Renewable Energy Access and Clean Transport), a financing programme covering solar energy systems and electric vehicles.
Chief Executive Officer Odun Odunfa said the bank’s 2026 priorities will centre on further regional expansion, digital transformation, and deepening women-focused financial services.
First Atlantic Bank PLC’s annual report and financial statements were approved by the board and signed on March 11, 2026. Shareholders will vote on the dividend and board matters at the bank’s first Annual General Meeting as a listed company, scheduled for April 7, 2026 in Accra.
