First Atlantic Bank records GHS703 million profit, 44% asset growth

First Atlantic Bank held its Annual General Meeting in Accra, reporting strong financial results for 2025. The bank's profit before tax increased by 30.5%, reaching GHS703 million. Net interest income also saw a significant rise of 67.1%, totaling GHS952.7 million.

The bank maintained cost control, with a cost-to-income ratio of 39.9%. This is below the industry average of 48.8%. This shows effective management of expenses.

First Atlantic Bank's total assets grew by 44% to GHS19.2 billion. This growth was largely due to a 43.3% increase in customer deposits, which reached GHS16.6 billion. The bank's Capital Adequacy Ratio (CAR) was 20.6%, well above the required 13% minimum, showing a strong financial position.

For 2026, the bank plans to grow further. It will focus on expanding its presence in Africa, building on its entry into Liberia. Digital services and supporting women entrepreneurs are also key parts of its future plans. These strategies aim to use a stable economic environment to achieve more growth.