Subin-Akwaboso Community Bank Nears GH¢100m Asset Mark………… Posts 86% Growth In Total Assets

Subin-Akwaboso Community Bank PLC has recorded an impressive 86 percent growth in total assets, increasing from GH¢53.10 million in 2024 to GH¢98.67 million in 2025 and moving closer to the coveted GH¢100 million asset milestone.

The remarkable financial performance was announced during the Bank’s 3rd Annual General Meeting (AGM), where shareholders were briefed on the institution’s operations and achievements for the 2025 financial year.

Board Chairman, Edward Anti Nyinaku, attributed the outstanding growth to prudent leadership, sound corporate governance, strategic investments and growing customer confidence in the Bank’s operations.

According to him, customer deposits rose significantly from GH¢46.87 million in 2024 to GH¢86.49 million in 2025, reflecting the trust customers continue to place in the Bank’s services.

Investments also recorded strong growth, increasing from GH¢37.26 million to GH¢68.90 million. Management explained that the growth was driven by prudent financial management and strategic investments in Government of Ghana Treasury Bills and other secure investment instruments.

The Bank’s loans and advances portfolio expanded from GH¢3.94 million to GH¢9.72 million during the period under review, providing much-needed financial support to small and medium-scale enterprises, farmers and traders within its operational areas.

Profit before tax climbed from GH¢3.86 million in 2024 to GH¢5.82 million in 2025, while total income increased from GH¢9.80 million to GH¢15.78 million.

Shareholders also benefited from the strong performance as shareholders’ funds more than doubled from GH¢5.38 million to GH¢11.41 million. Paid-up capital also increased from GH¢1 million to GH¢1.3 million.

The Bank’s Capital Adequacy Ratio improved from 37 percent to 41 percent, far exceeding the minimum regulatory requirement set by the Bank of Ghana.

Mr. Nyinaku noted that the Bank remains committed to leveraging digital banking solutions to improve customer experience, enhance operational efficiency and deepen financial inclusion in the communities it serves.

Meanwhile, the AGM introduced newly appointed Board Member, Nana Gyedom Biri Korang II, Chief of Mpasem No. 2 in the Central Region and an administrator at the University of Education, Winneba.

The Board expressed confidence that his vast experience in governance and administration would contribute significantly to the Bank’s strategic growth and corporate governance agenda.

In a related development, the Bank’s External Auditors commended the Board and Management for what they described as exceptional growth, sound financial management and strong corporate governance practices.

Presenting their report, the auditors stated that Subin-Akwaboso Community Bank had distinguished itself among rural and community banks through its impressive financial performance, strategic planning and commitment to sustainable growth.

They further noted that their audit revealed full compliance with relevant ethical and regulatory requirements, particularly those relating to auditor independence, transparency and accountability.

The auditors encouraged the Bank to maintain its high standards of corporate governance and operational excellence as it pursues further growth.

Shareholders welcomed the positive assessment, describing it as a strong endorsement of the Bank’s strategic direction and management’s efforts to create value for customers and investors.

With total assets nearing GH¢100 million, strong profitability and a growing customer base, Subin-Akwaboso Community Bank PLC continues to strengthen its position as one of Ghana’s fastest-growing community banks.