Trust Bank PLC has released its unaudited financial results for the second quarter of 2025, revealing a 66% year-on-year increase in profit after tax.
The bank’s profit rose to D257.4 million, up from D154.9 million in the same period last year, driven by strong interest income and improved asset quality.
According to the financial statement, interest income grew by 30% to D669.9 million, with notable contributions from commercial advances and treasury investments. Net interest income increased by 20% to D538.5 million, while operating income rose 17% to D690.1 million. A significant reversal in impairment losses, totaling D64.8 million, further bolstered profitability compared to a D21.9 million loss recorded in 2024.
The bank’s balance sheet expanded by 20%, with total assets reaching D14.8 billion. Loans and advances to customers grew by 20% to D4.4 billion, and customer deposits increased by 19% to D12.8 billion. Stated capital doubled to D400 million, reflecting strengthened equity.
Trust Bank PLC did not declare dividends for the quarter, a shift from the D90 million payout in 2024. The bank’s foreign cash holdings saw a substantial rise, signaling potential regional expansion plans. The financial results underscore the bank’s resilience and strategic focus on growth amid evolving economic conditions.
