Izwe Savings and Loans Plc has posted a profit of GH¢6.096 million for the year ended 31 December 2025, a significant turnaround from the near-breakeven position of GH¢443,724 recorded in 2024, according to audited condensed financial statements filed with the Ghana Stock Exchange (GSE) and the Bank of Ghana (BoG).
The results, audited by Ernst & Young and carrying an unmodified opinion dated 31 March 2026, show interest income of GH¢177.07 million for the year, up from GH¢178.3 million in 2024, while interest expenses fell sharply to GH¢96.49 million from GH¢108.62 million. This compression in funding costs lifted net interest income to GH¢80.58 million from GH¢69.68 million the prior year.
Fee and commission income rose to GH¢19.41 million from GH¢22.82 million, while net fee and commission income stood at GH¢10.72 million. Total operating income reached GH¢94.98 million, compared to GH¢88.84 million in 2024.
The company kept a firm grip on costs. Personnel expenses totalled GH¢18.8 million, against GH¢22.12 million in the prior year, and impairment losses on loans and advances came in at GH¢24.99 million, improved from GH¢36.46 million. Total operating expenses fell to GH¢85.63 million from GH¢88.02 million, enabling profit before taxation of GH¢9.35 million. After a tax charge of GH¢3.25 million, the company reported a net profit of GH¢6.096 million.
Total assets stood at GH¢511.56 million at year-end, down from GH¢545.27 million in 2024. Loans and advances to customers contracted to GH¢378.78 million from GH¢403.2 million, reflecting cautious portfolio management amid ongoing credit risk pressures. Cash and cash equivalents grew to GH¢30.98 million from GH¢22.34 million.
On the funding side, deposits from customers increased to GH¢311.15 million from GH¢298.76 million, signalling continued depositor confidence. Borrowings declined to GH¢81.1 million from GH¢124.82 million, pointing to reduced reliance on external debt. Total liabilities fell to GH¢437.99 million from GH¢477.73 million.
Shareholders’ equity rose to GH¢73.57 million from GH¢67.54 million, supported by the retained profit. Stated capital was strengthened to GH¢34.83 million following a transfer of GH¢6.8 million from the deposit for shares account during the year.
Net cash from operating activities was positive at GH¢76.74 million, underpinned by interest receipts of GH¢156.68 million, though cash used in financing activities of GH¢65.61 million reflected significant loan repayments.
Izwe Savings and Loans Plc, registered under number PL000162015, is licensed by the Bank of Ghana as a Non-Bank Financial Institution and operates as a savings and loans company offering personal loans, business loans, savings and investment products. The company’s managing director is Raymond K. Bismarck and its chairperson is Carole Ramella. Its majority shareholder, African Micro-Finance Equities, holds 89 percent of the company’s equity. The company’s ultimate parent is Izwe Africa Holdings, a pan-African financial services group with operations across Ghana, Kenya and Zambia.
