CalBank Plc has reported a significant improvement in its financial performance for the first quarter of 2026, with profit more than doubling year-on-year, driven by strong growth in interest income and trading activities.
According to the bank’s unaudited financial statements for the period ended March 31, 2026, profit after tax rose to GH¢102.0 million (bank level), compared to GH¢50.7 million recorded in the same period in 2025.
At the group level, profit also climbed sharply to GH¢106.8 million, up from GH¢35.6 million a year earlier. 
Revenue growth underpins performance
The strong bottom-line performance was largely supported by a surge in revenue.
Total revenue at the group level increased to GH¢326.7 million, more than doubling from GH¢154.8 million in Q1 2025. 
• Net interest income rose significantly to GH¢171.1 million, compared to GH¢86.3 million last year.
• Net fees and commission income also improved to GH¢66.3 million, from GH¢43.5 million.
• Net trading income recorded a sharp increase to GH¢89.3 million, up from GH¢25.0 million. 
This broad-based growth reflects improved core banking activity and stronger market performance during the period.
Costs rise but remain contained
Operating expenses increased to GH¢165.2 million at the group level, up from GH¢128.3 million in the prior year. 
The increase was driven mainly by:
• Higher personnel costs (GH¢88.7 million)
• Increased other operating expenses (GH¢59.6 million)
Despite the rise in costs, the bank’s strong revenue growth helped maintain profitability, with profit before tax rising to GH¢163.8 million, more than double the GH¢64.8 million recorded in Q1 2025. 
Balance sheet expansion
CalBank’s balance sheet showed notable expansion, with total assets rising to GH¢13.4 billion as at March 2026, from GH¢11.8 billion a year earlier. 
Key balance sheet highlights include:
• Customer deposits increased to GH¢10.3 billion, up from GH¢9.0 billion
• Investment securities grew significantly to over GH¢8.0 billion
• Loans and advances declined to GH¢1.15 billion, from GH¢2.22 billion
The decline in loans suggests a more cautious lending approach or portfolio restructuring during the period.
Improved asset quality and capital position
The bank’s regulatory indicators show a marked improvement in financial health with capital adequacy ratio increasing to 17.2%, from a negative 7.1% in 2025. Non-performing loan (NPL) ratio dropped sharply to 15.1%, from 45.5%. And liquidity ratio strengthened to 90.7%, up from 68.4%.
These metrics indicate stronger capital buffers, improved loan quality, and better liquidity management.
Outlook
The Q1 2026 performance signals a strong start to the year for CalBank, underpinned by improved core income streams, enhanced efficiency, and better risk management indicators.
Sustaining this momentum will depend on the bank’s ability to grow its loan book prudently, maintain asset quality, and navigate evolving macroeconomic conditions in Ghana’s banking sector.
