First Atlantic Bank PLC has reported a strong financial performance for the 2025 financial year, with customer deposits surging by 43.3 per cent to GH¢16.6 billion, up from GH¢11.6 billion in the previous year.
The bank’s audited financial statements, released on March 31, 2026, showed profit before tax rose 30.5 per cent to GH¢703 million, compared to GH¢539 million recorded in 2024. Profit after tax stood at GH¢483 million.
Total assets expanded by 44 per cent to GH¢19.2 billion, up from GH¢13.3 billion, while the bank’s capital adequacy ratio strengthened to 20.6 per cent – well above the regulatory minimum of 13 per cent.
Net interest income increased by 67.1 per cent to GH¢962.7 million, and the cost-to-income ratio of 39.9 per cent remained below the industry average of 48.8 per cent.
Dividend and shareholder returns
The board of directors has recommended a final dividend of GH¢0.29 per share, amounting to GH¢100 million for the 2025 financial year, subject to regulatory approval. This compares with a dividend of GH¢0.22 per share (GH¢75 million) paid in respect of 2024.
Shareholders’ funds strengthened by 38.3 per cent to GH¢2.21 billion, with return on equity at 21.9 per cent.
Successful stock exchange listing
During the year, First Atlantic Bank successfully listed on the Ghana Stock Exchange following an initial public offering that was significantly oversubscribed. The bank raised additional capital through the issuance of 28.7 million new shares, increasing its stated capital to GH¢723.9 million from GH¢404.6 million. A bonus share issue of 14 million shares was also completed.
Regional expansion and sustainability push
The bank advanced its regional expansion strategy by establishing operations in Liberia. It also launched a dedicated Women Banking Desk to provide tailored financial solutions and advisory services for women-led businesses.
On the environmental front, the bank commenced installation of solar power systems across major branches and introduced a waste segregation programme. It launched the FAB GreenDrive Auto Loan to accelerate electric vehicle adoption and initiated Project REACT, a renewable energy and clean transport financing programme, under which it financed over 70 electric vehicles in the second half of the year.
Credit quality and CSR
Gross loans and advances to customers stood at GH¢2.07 billion, with an impairment provision of GH¢125.6 million. The bank recorded a net impairment charge of GH¢79.6 million for the year.
The bank spent GH¢2.6 million on corporate social responsibility, with its flagship project being the rehabilitation of the Kumasi Children’s Park.
Regulatory sanctions and outlook
The Bank of Ghana imposed penalties totalling GH¢2 million during the year for breaches of certain sections of the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930).
Management indicated that the strategic focus for 2026 will centre on growth, innovation, and sustainability, including further regional expansion and deepening of digital banking capabilities.
