CalBank PLC reported a Profit Before Tax (PBT) of GHS353.6 million in the first half of 2026. This figure represents a 25% increase compared to the GHS283.2 million recorded in the corresponding period of 2025.
This significant growth was primarily due to strong performance across all key income streams. Net interest income soared by 83% to GHS347.5 million, boosted by higher interest income and notably lower funding costs. Fees, commissions, and trading income almost doubled, rising by 99% to GHS323.3 million.
Ghana's banking sector has been navigating a complex economic landscape. The Bank of Ghana's efforts to stabilize the cedi and manage inflation have created both opportunities and challenges. CalBank's performance demonstrates its resilience and strategic adaptability in this evolving environment, especially following its recapitalization in 2025.
Carl Selasi Asem, CalBank's Managing Director, emphasized the importance of these results. He stated, “Our first half performance demonstrates that CalBank’s transformation is delivering sustainable financial results.” Mr. Asem highlighted that the strong earnings were driven by underlying banking operations and not one-off recoveries.
Looking forward, the improved financial health and strengthened capital position have clear implications. An increased capital adequacy ratio and reduced non-performing loans provide CalBank with a robust foundation for future lending and growth. Market watchers will observe how this momentum translates into sustained performance and expansion in the latter half of 2026.
The bank's total assets expanded by 30% to GHS13.9 billion from GHS10.7 billion in June 2025. Customer deposits also increased by 30% to GHS10.9 billion, indicating strong customer confidence. The Non-Performing Loan (NPL) ratio saw a significant improvement, falling to 10.10% from 51.60% at the end of June 2025. This improvement reflects the successful execution of the bank's strategy to address problem loans and manage credit risk effectively. The Capital Adequacy Ratio (CAR) improved to 18.17% from a negative 7.6% in June 2025, further solidifying the bank's financial stability. This stronger capital position enables the bank to support future growth and adhere to regulatory requirements.