UBA Ghana Reports GH¢629.93 million Profit for FY2025 at AGM

UBA Ghana reported a 148% increase in profit before tax to GH¢629.93 million, compared with GH¢253.58 million in 2024. Profit after tax also rose strongly to GH¢407.10 million from GH¢164.31 million in the previous year, shareholders were told at the bank’s Annual General Meeting in Accra held on May 11.

The results, audited by Ernst & Young, reflect broad-based revenue growth across the bank’s core income lines, underpinned by stronger net interest earnings, a surge in fee and commission income, and a significant improvement in asset quality across the investment portfolio.

Net interest income grew 12.2 percent to GH¢670.3 million, while net fees and commission income more than tripled, rising 211 percent to GH¢78.4 million, as the bank scaled transaction and advisory revenues without a proportionate increase in the cost of generating them. Net trading and other income rose 42.4 percent to GH¢99.2 million, on account of gains from treasury operations and foreign exchange revaluation.

Net operating income for the year reached GH¢847.9 million, up 22.5 percent from GH¢692.4 million in 2024. The bank also recorded a reversal of expected credit loss provisions on its investment securities portfolio, reflecting the improved credit profile of government paper following the national debt restructuring progress.

Total assets expanded 17.2 percent to GH¢11.54 billion, funded largely by strong deposit mobilisation, as customer deposits grew 17.9 percent to GH¢8.59 billion. The bank’s capital adequacy ratio strengthened markedly to 26.11 percent from 17.25 percent, while its gross non-performing loan ratio fell from 12.50 percent to 2.11 percent, signalling a decisive improvement in loan book health.

Board Chairman Kweku Andoh Awotwi said the results demonstrated the underlying resilience of the bank’s franchise and the strategic discipline of its leadership team.

“These results are a reflection of the consistent investments we have made in our people, our platforms and our relationships with customers across Ghana. A capital adequacy ratio of over 26 percent and a liquidity ratio of 111.7 percent mean that UBA Ghana enters 2026 from a position of genuine strength. well-capitalised, well-funded and well-positioned to support the aspirations of our customers and the broader economy,” Mr. Awotwi said during the meeting.

Managing Director and Chief Executive Officer, Bernard Gyebi, pointed to the quality of revenue diversification as among the most significant developments in the year under review.

“What encourages me most is not just the profit number, it is the shape of our income. Fee and commission income tripling in a single year tells us that customers are deepening their relationships with us, using more of our products and transacting more on our platforms. That is the kind of growth that compounds. It is sticky, it is scalable, and it positions us well for the years ahead,” Mr. Gyebi explained.

On the outlook for 2026, the MD/CEO said the bank was cautiously optimistic, citing Ghana’s improving macroeconomic trajectory as a supportive backdrop for business activity and credit growth.

“The macro environment in Ghana is meaningfully better today. Inflation is on a downward path, the cedi has shown greater stability, and the fiscal consolidation programme is yielding results. For a bank like ours, that translates into more confident borrowers, more active capital markets and a stronger appetite for investment,” he said.

“We intend to lean into that, growing our lending book more deliberately, deepening our retail and SME offering, and continuing to invest in the digital infrastructure that our customers increasingly expect,” Mr. Gyebi added.

The bank’s leverage ratio improved from 8.95 percent to 13.22 percent, and its liquidity ratio rose from 84.7 percent to 111.7 percent over the same period, demonstrating both the accretion of retained earnings and disciplined balance sheet management.

Total equity stood at GH¢1.90 billion at year-end, up from GH¢1.49 billion, with retained earnings of GH¢994.97 million underpinning the bank’s capacity to support future growth and shareholder returns.

The recommended dividend of GH¢0.020 per share remains subject to approval by the Bank of Ghana.