CalBank PLC recorded a strong first-half performance in 2026, with profit before tax rising by 25% to GH¢353.6 million, compared with GH¢283.2 million in the same period of 2025. The bank said the improvement was driven by broad-based growth across its major income lines, including interest income, fees and commissions, and trading income.

Net interest income increased by 83% to GH¢347.5 million. Interest income rose to GH¢451.5 million from GH¢399 million, despite the lower interest rate environment, while interest expense declined by more than half to GH¢104 million from GH¢209 million. This helped the bank improve its funding efficiency and strengthen earnings from its core banking operations.

CalBank also recorded strong growth in non-interest income. Net fees, commissions and trading income increased by 99% to GH¢323.3 million, nearly double the GH¢162.7 million recorded in the first half of 2025. The bank noted that its earnings were increasingly supported by its underlying banking business rather than exceptional gains.

Net impairment gains contributed only GH¢7 million to first-half profit in 2026, compared with approximately GH¢154 million during the corresponding period in 2025. This sharp reduction shows that the bank’s profit growth was driven mainly by sustainable operating income instead of recoveries from previously impaired loans and other financial assets.

Total assets expanded by 30% to GH¢13.9 billion, up from GH¢10.7 billion at the end of June 2025. Customer deposits also increased by 30% to GH¢10.9 billion, reflecting stronger customer confidence and continued growth in CalBank’s retail and commercial banking operations. The bank’s non-performing loan ratio improved significantly to 10.10%, from 51.60% at the end of June 2025.

Following its recapitalisation in 2025, CalBank’s capital adequacy ratio improved to 18.17%, compared with negative 7.6% at the end of June 2025, while liquidity remained strong. Managing Director Carl Selasi Asem said the results demonstrated that the bank’s transformation was delivering sustainable financial performance and expressed confidence that the momentum would support an even stronger second half of 2026.

Outlook

CalBank said it would continue to focus on executing its strategic priorities, strengthening customer relationships and maintaining disciplined risk management.

The bank also plans to continue building a sustainable business capable of delivering long-term value to shareholders.

For investors, the first-half results show notable improvements in several important areas, including profitability, revenue diversification, deposit growth, asset quality and capital strength.

However, investors may continue to monitor whether the bank can maintain its earnings momentum, sustain the improvement in its non-performing loan ratio and translate its stronger capital position into profitable loan growth during the remainder of the year.

Overall, CalBank’s first-half 2026 results suggest that the bank has moved beyond relying heavily on impairment recoveries and is increasingly generating earnings from its core banking operations.