CalBank reported group profit after tax of GH¢337.2 million for the nine months ended 30 September 2026, up 50.6% from GH¢223.9 million a year earlier. Group profit before tax rose 41% to GH¢499.5 million. The Ghanaian lender disclosed the figures in unaudited consolidated statements filed with the Ghana Stock Exchange on 13 October. The result extended the recovery recorded during the first half of the year.
Net interest income increased 66.3% to GH¢517.1 million as interest income rose 11.8% and interest expense fell 47.4%. The statement showed a net impairment gain of GH¢3.5 million, compared with GH¢188.1 million in the corresponding 2025 period. That sharp reduction means the latest profit relied far less on impairment support than the prior-year result. The comparison is important when assessing the quality of the earnings improvement.
EARNINGS MOVED TOWARDS CORE INCOME
The stronger net interest result points to a more conventional earnings mix, with funding costs falling faster than interest revenue grew. That shift helped offset the near disappearance of the previous year’s impairment gain. CalBank’s reported profit therefore improved even as a large source of non-recurring support receded.
The result followed CalBank’s 2025 recapitalisation, which raised GH¢1.164 billion through a rights issue against a GH¢900 million target. Stated capital reached GH¢1.42 billion, while the capital adequacy ratio stood at 18.4% at the end of September. Loans and advances grew 61% to GH¢2.05 billion, indicating that part of the rebuilt capital base was returning to customer lending.
CAPITAL RECOVERY SUPPORTED A RETURN TO LENDING
Asset quality also improved, with the non-performing loan ratio falling to 8.5% from 26.5% a year earlier, while the liquidity ratio stood at 83.9%. Customer deposits increased 24.5% to GH¢10.63 billion. News Ghana reported that loans still represented only about 19% of deposits, leaving scope for further deployment but also making disciplined credit selection important.
The next comparable milestone will be CalBank’s audited full-year 2026 results. Those accounts should show whether the net interest momentum continued in the final quarter and how the loan book and non-performing exposures developed. Until then, the nine-month statement supports a firmer core-profit trend but leaves the pace and quality of balance-sheet expansion to be tested.