CalBank's Comeback: 9-Month Profits Surge 51% as Bad Loans Plunge to 8.5%

CalBank’s Comeback: 9-Month Profits Surge 51% as Bad Loans Plunge to 8.5%

The Ghana Stock Exchange wrapped up its latest weekly trading session with a major bullish surge, as CalBank Plc delivered an extraordinary post-restructuring rebound and COCOBOD’s Cocoa Capital Plc completed a historic GH¢16.3 billion listing.

The Ghana Stock Exchange (GSE) wrapped up its latest weekly trading session with a major bullish surge. The benchmark GSE Composite Index (GSE-CI) added 227.77 points (1.64%) to finish at 14,394.77 points, locking in a staggering year-to-date (YTD) gain of 64.13%.

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The total market capitalization recovered sharply to end the week at GH¢271.26 billion. This market resurgence is backed by an upgraded IMF economic growth forecast for Ghana to 5.7% and a massive influx of new listings and capital raises crossing GH¢5 billion.

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While critics thought the banking sector recovery would stall, the latest financials on the Ghana Stock Exchange tell a completely different story.

CalBank Plc (GSE: CAL) Financials

CalBank Plc released its highly anticipated 9-month unaudited financials, demonstrating an extraordinary post-restructuring rebound.

Net Profits

Metric Performance
Profit Before Tax (Bank) GH¢477.3 million (+34%)
Net Profit (Bank) GH¢321.7 million
Net Profit (Group) GH¢337.2 million (+51%)

Top-line Growth

Operating Income surged 74% to GH¢971.8 million, led by a 70% spike in Net Interest Income (GH¢511.4 million) and an explosive 185% jump in Net Trading Income to GH¢253.5 million.

Balance Sheet Health

  • Total Customer Deposits grew 27% to GH¢11.1 billion

  • Total Assets expanded 34% to hit GH¢14.5 billion

Asset Quality

The standout metric for investors is the Non-Performing Loan (NPL) ratio, which plunged dramatically to 8.5%, showing excellent credit control.

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Cocoa Capital Plc — The Historic GH¢16.3 Billion Listing

One of the largest stories driving capital market discussions is the formal admission of Cocoa Capital Plc to the Ghana Stock Exchange.

The Structure: A wholly owned special purpose vehicle of the Ghana Cocoa Board (COCOBOD), Cocoa Capital launched a historic GH¢16.30 billion bond and commercial paper programme.

The Issuance: The exchange officially admitted Series 01 Tranche 01 of its 266-day Senior Unsecured Fixed Rate Commercial Paper. This landmark issuance raised GH¢3.39 billion locally.

The Takeaway: This is a tectonic shift in cocoa financing. COCOBOD is intentionally shifting away from expensive offshore dollar syndications to tap into domestic cedi liquidity. This protects the national currency and creates high-yield fixed-income assets locally.

Access Bank Ghana Plc (GSE: ACCESS) Dividend Framework

The GSE published regulatory notice PR-406 regarding Access Bank Ghana Plc’s final dividend distribution framework.

Following shareholder adoption at their recent Annual General Meeting, the final dividend distribution mechanics have entered their terminal verification cycle with the Bank of Ghana. This notice establishes the critical qualification dates and register closures that retail investors need to monitor to capture the payout.

Key Figures at a Glance

Indicator Value
GSE-CI Weekly Close 14,394.77 (+1.64%)
YTD Gain 64.13%
Market Capitalization GH¢271.26 billion
IMF Growth Forecast 5.7%
CalBank Group Net Profit GH¢337.2 million (+51%)
CalBank NPL Ratio 8.5%
Cocoa Capital Programme GH¢16.30 billion
First Tranche Raised GH¢3.39 billion

Source: Accra Street Journal

Last Updated on October 19, 2026 by Samuel Kwame Boadu

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