CalBank, a public limited liability company (PLC) in Ghana, has delivered a strong financial performance in the first quarter of 2026. The progress is largely underpinned by significant growth in core income lines and improved profitability.
The unaudited consolidated financial statement of the bank for the first quarter ending 31 March 2026 indicated that “net interest income more than doubled to GHS 171.1 million (Group) from GHS 86.3 million in Q1 2025, driven by higher interest income and a substantial reduction in interest expense, reflecting improved funding efficiency.”
Additionally, “total revenue rose to GHS 326.7 million (up over 110% year-on-year), supported by robust net trading income (GHS 89.3 million) and solid growth in net fees and commissions (GHS 66.3 million). Profit before tax also “increased to GHS 163.8 million, translating into a net profit of GHS 106.8 million—almost triple the prior year.”
The Bank also recorded a strong rebound in key prudential metrics, with capital adequacy at 17.2% (from negative territory in 2025), liquidity ratio at 90.7%, and a significantly improved non-performing loan ratio of 15.1% (down from 45.5%).
Balance sheet expansion remained solid, with total assets growing to GHS 13.4 billion, driven primarily by investment securities and customer deposits, which increased to GHS 10.3 billion, indicating renewed customer confidence and improved funding stability.
CalBank commenced operations as a local merchant bank in 1990 with the sole aim of providing truly differentiated world-class banking solutions. CalBank Plc acquired a Universal Banking License in 2004 and, in the same year, undertook an initial public offer that was 4.5 times oversubscribed.
The operations of the Bank are backed by experienced managers in key functional areas with a combined experience of over 100 years in banking and finance. The CalBank Plc team provides the required solutions to clients and is supported by a strong IT platform that has seen the Bank being recognized for its innovative products in ICT & Electronic Banking since 2007.
Operations and Subsidiaries
CalBank’s growth strategy is to focus on the growing Ghanaian corporate business sector. Since 2006, the Bank has expanded its retail banking operations through specialized products and services to meet the needs of its growing retail clientele.
The Bank currently has two Wholly-owned Operating Subsidiaries. CalAsset Management Company Limited is licensed as a Fund Manager and Investment Advisor by the Securities & Exchange Commission of Ghana. CalBank Nominees Limited (“CalNominees”) holds and administers assets as a custodian.
Branch Network
The Bank has embarked on an expansion program and will continue to expand its footprint by increasing the number of branches nationwide.
Internationally, CalBank Plc benefits from strong correspondent banking relationships worldwide. This enables the bank to handle all international transactions quickly and effectively.
