Kwabre Area Community Bank Records Strong Asset Growth
Kwabre Area Community Bank PLC at Kodie in the Afigya-Kwabre South Municipality of the Ashanti Region has recorded significant growth in its financial position, with total assets increasing by 62.1 per cent in 2025.
The bank’s total assets increased from GH¢15,183,300 in 2024 to GH¢24,609,014 in 2025, representing an increase of GH¢9,427,461.
Cash and bank balances also recorded a remarkable 143.8 per cent growth, rising from GH¢1,864,090 in 2024 to GH¢4,545,014 in 2025.
Customer deposits similarly increased by 57.8 per cent, from GH¢13,147,734 in 2024 to GH¢20,752,496 in 2025.
Chairman of the Board of Directors, Ing. Louis Kwachie disclosed the figures during the bank’s 6th Annual General Meeting (AGM) held at Kodie recently.
He said the bank’s performance in 2025 demonstrated its resilience and growth potential, but acknowledged that challenges remained, particularly in the areas of capitalisation, profitability and loan recovery in the private sector.
According to him, the Board and Management were committed to addressing the challenges and positioning the bank for sustainable growth while providing convenient and reliable banking services to customers.
Ing. Kwachie said the Board remained committed to prudent management, sound corporate governance and the continuous growth and development of the bank.
Profit Declines
Despite the growth in assets, cash and deposits, the bank recorded a decline in profit before tax.
Ing. Kwachie disclosed that profit before tax fell from GH¢1,643,450 in 2024 to GH¢1,279,367 in 2025.
He attributed the bank’s overall growth to the continued confidence of customers and commended Management and staff for their efforts in deposit mobilisation.
The Board Chairman also expressed appreciation to customers for their loyalty and patronage, noting that their support had contributed significantly to the bank’s growth.
He further encouraged shareholders to increase their shareholding and support the bank’s capitalisation efforts.
He explained that the move would help position the bank for sustainable growth and enable it to meet the new regulatory capital requirements.
Ing. Kwachie assured shareholders, customers and other stakeholders that the Board would continue to promote prudent management and sound corporate governance while working to strengthen the bank’s operations and ensure its long-term sustainability.
