The Agricultural Development Bank (ADB) PLC has recorded a significant growth in its customer deposits by over GHS3.4 billion, from GHS7.747 billion in September 2023 to GHS11.147 billion in September 2024.
According to the Bank's published unaudited financial statements as at end of Q3 2024, the bank also recorded an impressive profit after tax of GHC111.827 million compared with GHC2.040 million recorded during the same period in 2023.
Liquidity ratio of the Bank also grew from 91.94% to 125.55%.
The Bank's total assets also grew by over GHS4.5 billion and its capital adequacy ratio has also moved from 1.35% to 8.26%, and it is well positioned to meet or exceed the minimum capital adequacy of 10% by end of the year.