United Bank for Africa (UBA) Ghana Limited has recorded a strong financial performance for the 2025 financial year, with profit before tax rising sharply by 148 per cent to GH¢629.93 million from GH¢253.58 million in 2024.
The performance was driven by robust revenue growth, improved operational efficiency, and disciplined balance sheet management.
The bank’s profit after tax also increased significantly to GH¢407.1 million, compared to GH¢164.31 million in the previous year.
The Board Chairman of UBA Ghana, Kweku Andoh Awotwi, who announced this at the bank’s Annual General Meeting in Accra on Monday, said the 2025 performance was the strongest recorded by the bank in the last five years.
He said the impressive results demonstrated the resilience of the bank’s business model and the confidence customers continued to place in the institution despite prevailing economic pressures.
Gross earnings
Gross earnings for the year under review closed at GH¢1.46 billion, driven mainly by growth in interest-earning assets and increased customer activity across key business segments.
Interest income also rose to GH¢1.13 billion, reinforcing the bank’s capacity to grow revenue sustainably while navigating systemic challenges within the financial sector.
Mr Awotwi explained that the bank’s performance was supported by disciplined execution of its strategic priorities, prudent risk management practices and enhanced customer-focused banking solutions.
He said the bank’s balance sheet remained healthy and well-structured during the period under review.
Total assets grew by 17 per cent to GH¢11.47 billion from the previous year’s figure, while customer deposits increased strongly to GH¢8.59 billion, up from GH¢7.28 billion in 2024.
According to the board chairman, the growth in deposits reflected the continued trust and confidence customers had in UBA Ghana’s stability, service quality and value proposition.
Income from fees and commission also increased by 38 per cent, while net loans also increased to GH¢1.28 billion, up from GH¢1.14 billion in 2024.
The bank maintained a healthy balance sheet, with total assets increasing by 17 per cent, closing the year at GH¢11.54 billion, up from GH¢9.85 billion in 2024, driven primarily by strong deposit mobilisation and prudent asset allocation.
Customer deposits recorded impressive growth of 18 per cent, rising to GH¢8.59 billion from GH¢7.29 billion in 2024.
Outlook
The Managing Director of the bank, Bernard Appiah Gyebi, said the bank’s performance for 2025 reaffirmed UBA Ghana’s position as a resilient and forward-looking institution.
“He explained that a key driver of the performance had been the bank’s commitment to organic growth through technology-led innovation. We have continued to deepen our digital capabilities, expand access to financial services, and enhance customer experience across all touchpoints.
From mobile and online banking platforms to payments and transaction solutions, our investments in technology are not only improving efficiency but also positioning us to serve a broader and more diverse customer base,” he said.
Beyond financial performance, Mr Gyebi said the bank will continue to play a meaningful role in supporting Ghana’s economic development through responsible banking, Small and Medium Enterprise (SME) financing, and initiatives aligned with environmental, social, and governance (ESG) principles, adding that long-term success is built not only on profitability, but also on impact and trust.
Looking ahead, he said the bank was confident in its ability to sustain this momentum.
“With a strong foundation, a clear strategy, and the power of technology, United Bank for Africa Ghana is well positioned to deepen market leadership, drive innovation, and deliver superior value to all stakeholders,” he stated.
Source:
www.graphic.com.gh