Accra, Ghana//-Republic Bank (Ghana) PLC’s group profit after tax fell 24 per cent to GH¢153.4 million in the nine months to 30 September 2026 as interest income dropped.
Profit was down from GH¢202.4 million a year earlier, according to unaudited results signed by board chairman Jonathan Prince Cann and managing director Dr Benjamin Dzoboku. At bank level, profit fell 33 per cent to GH¢118.8 million. Group profit before tax dropped 27 per cent to GH¢224.0 million.
Falling interest rates drove the decline. Group interest income fell 18 per cent to GH¢761.7 million as yields eased, with the Bank of Ghana’s policy rate at 14 per cent against 21.5 per cent in September 2025. Interest expense fell 28 per cent to GH¢281.4 million, but not enough to offset lower earnings, and net interest income declined 12 per cent to GH¢480.4 million.
Other income lines grew but could not close the gap. Net fee and commission income rose 26 per cent to GH¢148.1 million, and net trading income grew 9 per cent to GH¢49.5 million. Other operating income more than halved to GH¢7.5 million. Total group operating income fell 6 per cent to GH¢707.4 million.
Costs moved the other way. Personnel expenses rose 9 per cent to GH¢252.7 million, and total operating costs increased about 8 per cent. The group’s cost-to-income ratio rose to about 65 per cent from 57 per cent. Net impairment charges climbed 60 per cent to GH¢24.0 million.
The balance sheet still expanded. Bank total assets grew 19 per cent to GH¢11.63 billion. Loans and advances rose 29 per cent to GH¢4.03 billion, and customer deposits increased 18 per cent to GH¢7.22 billion. Borrowings rose 55 per cent to GH¢2.77 billion, matched by a similar rise in pledged assets to GH¢2.80 billion.
Asset quality and capital improved. The non-performing loan ratio fell to 11.6 per cent from 16.5 per cent, and the capital adequacy ratio rose to 17.8 per cent from 16.8 per cent. The liquidity ratio eased to 104.9 per cent from 121.2 per cent. The bank reported no statutory liquidity breaches.
Cash and cash equivalents fell to GH¢3.45 billion from GH¢6.03 billion at the start of the year, as the bank put more funds into investment securities and loans. Shareholders’ equity rose 13 per cent to GH¢1.31 billion at bank level after a GH¢42.6 million dividend payment.
Group earnings per share fell to 17.14 pesewas from 22.68 pesewas.
The results contrast with those of larger rival GCB Bank, which reported a 44 per cent rise in nine-month profit as rapid loan growth and fee income offset lower yields on securities. NewsGhana
