Lower Pra Community Bank PLC has recorded a significant improvement in its financial performance, posting a 61.14 per cent increase in profit before tax for the 2025 financial year.
The bank’s profit before tax rose to GH¢35.1 million, while total assets expanded by 30 per cent from GH¢379 million in 2024 to GH¢491.7 million, underscoring strong growth and operational resilience.
Speaking at the bank’s 38th Annual General Meeting, Board Chairperson Madam Felicia Aba Dawood attributed the impressive performance to prudent management, effective loan recovery strategies and deliberate efforts to improve operational efficiency.
She disclosed that the bank maintained a Capital Adequacy Ratio of 22.17 per cent, significantly above the Bank of Ghana’s minimum requirement of 13 per cent, reflecting the institution’s strong financial position.
Madam Dawood said the bank had intensified efforts to improve access to credit, diversify digital revenue streams and protect shareholder value while maintaining sound risk management practices.
The bank also recorded a Non-Performing Loan ratio of 3.29 per cent, a figure she said demonstrated effective credit administration and disciplined loan recovery measures.
Beyond its financial achievements, Lower Pra Community Bank invested GH¢457,000 in Corporate Social Responsibility programmes covering education, sanitation, community development and social welfare initiatives within its operational areas.
The bank’s performance also earned it several recognitions, including the prestigious Osagyefo Dr. Kwame Nkrumah Africa Leadership Award.
As part of preparations to meet enhanced capital requirements under the Bank of Ghana’s revised Microfinance Sector Framework, the Board has proposed converting dividend payments into shares to strengthen the bank’s capital base.
Chief Executive Officer Mr. Ernest Nii Tackie-Otoo said the institution’s turnaround reflected the confidence and support of customers, shareholders and other stakeholders.
Representing ARB Apex Bank PLC, Madam Francisca Dedei Afutu commended the Board, Management and staff for their strong performance and commitment to sustaining the bank’s growth trajectory.
