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Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (9 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review

First Atlantic Bank

FAB · Ghana Stock Exchange · Consolidated statements

On this page
Company details
Legal name
First Atlantic Bank PLC
Listing
FAB on the Ghana Stock Exchange, active (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
31 December

Overview

Year ended 31 December 2025 · annual report, signed / final · source

  • Net interest income

    GHS 963 million

    962,651,042 GHS units · p40

    +67.1% vs 2024

    Interest income less interest expense, as printed.

  • Operating income

    GHS 1.30 billion

    1,302,415,387 GHS units · p40

    +19.0% vs 2024

    The bank's own total of its income lines before credit impairment and operating expenses, under its printed label. What it includes differs between banks; it is not revenue.

  • Profit / (loss) for the year

    GHS 483 million

    482,871,065 GHS units · p40

    +43.2% vs 2024

  • Total assets

    GHS 19.2 billion

    19,192,991,558 GHS units · p41

    +44.0% vs 2024

  • Customer deposits

    GHS 16.6 billion

    16,642,449,622 GHS units · p41

    +43.3% vs 2024

  • Total equity

    GHS 2.21 billion

    2,208,394,664 GHS units · p41

    +38.4% vs 2024

Large amounts are rounded for reading (GHS million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in GHS units unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY2025 — annual report, signed / final; reported for the year · source
  • FY2024 — annual report, signed / final; comparative in the FY2025 filing · source

Income statement

Income statement, GHS units. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Interest income 1,430,664,566 878,488,650
Interest expense (468,013,524) (302,400,860)
Net interest income 962,651,042 576,087,790
Fee and commission income 293,898,237 279,043,546
Fee and commission expense (117,548,085) (98,845,172)
Net fee and commission income 176,350,152 180,198,374
Net trading income 160,276,804 335,653,288
Other operating income 3,137,388 2,494,912
Operating income 1,302,415,387 1,094,434,364
Net impairment charge (79,601,396) (38,529,284)
Personnel expenses (259,250,863) (257,056,265)
Depreciation and amortisation1 (59,564,089) (45,504,683)
Other expenses (195,506,955) (207,504,076)
Finance cost on lease liability2 (6,214,745) (6,296,940)
Operating profit 702,277,339 539,543,116
Gain from associated company 717,116 377,470
Profit before income tax 702,994,455 539,920,586
Stabilisation Levy34 (35,149,655) (26,951,932)
Growth and sustainability levy5 (35,196,104) (26,951,932)
Income tax expense (149,777,631) (148,908,035)
Profit for the year 482,871,065 337,108,687
Profit attributable to non-controlling interest6 376,765 193,572
Other comprehensive income for the year –7 –7
Total comprehensive income for 482,871,065 337,108,687
  1. Printed “-”, read as nil: subtotal_arithmetic: is.total_comprehensive_income.
Notes and alternative reported figures (6)
  1. “Depreciation and amortisation” is an issuer-specific line, not mapped to a shared definition: Note 15: depreciation and amortisation printed as one line.
  2. “Finance cost on lease liability” is an issuer-specific line, not mapped to a shared definition: Note 25b: presented within operating profit.
  3. “Stabilisation Levy” is an issuer-specific line, not mapped to a shared definition: Note 22b: levy on profit before tax, presented between profit before income tax and income tax expense.
  4. “Stabilisation Levy”: mapping to a shared definition is uncertain. Printed as two label lines, 'Financial Sector Recovery Levy' and 'Stabilisation Levy', with one row of amounts (page image, p40); read after 'Stabilisation Levy'.
  5. “Growth and sustainability levy” is an issuer-specific line, not mapped to a shared definition: Note 22b: levy on profit before tax, presented between profit before income tax and income tax expense.
  6. “Profit attributable to non-controlling interest” is an issuer-specific line, not mapped to a shared definition: Attribution of profit, note 34.

Balance sheet

Balance sheet, GHS units. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Cash and balances with banks1 8,104,418,844 4,603,420,294
Placements with banks 58,041,704 –2
Loans and advances to customers 1,947,024,824 1,927,368,456
Investment securities 3,178,870,372 2,647,258,002
Other assets 5,017,670,598 3,464,958,471
Current tax asset 244,879,810 59,744,446
National Fiscal Stability Levy Asset3 –2 1,794,642
Deferred tax asset –2 8,826,742
Investment in associates 2,799,382 2,082,266
Investment in subsidiary4 –2 –2
Property and equipment 568,767,637 552,640,823
Right-of-use assets 39,409,090 26,548,139
Intangible assets 31,109,297 30,298,921
Total assets 19,192,991,558 13,324,941,202
Deposits from customers 16,642,449,622 11,611,039,351
Current tax liabilities –5 110,371
National Fiscal Stability Levy Liability6 8,491,343 –5
Other liabilities 121,687,188 93,303,884
Lease liabilities7 38,841,151 24,281,939
Deferred tax liabilities 173,127,590 –5
Total liabilities 16,984,596,894 11,728,735,545
Stated capital 726,051,152 404,570,053
Retained earnings 454,973,947 289,382,085
Revaluation reserve 325,693,414 325,693,414
Non-Controlling interest 1,455,473 1,078,707
Statutory reserve fund8 503,644,925 382,743,177
Credit risk reserve 196,575,754 192,738,221
Total shareholders' funds 2,208,394,664 1,596,205,657
Total liabilities and shareholders' funds 19,192,991,558 13,324,941,202
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.total_assets.
  2. Printed “-”, read as nil: subtotal_arithmetic: bs.total_liabilities.
Notes and alternative reported figures (6)
  1. “Cash and balances with banks”: mapping to a shared definition is uncertain. Printed 'Cash and balances with banks' (note 18a).
  2. “National Fiscal Stability Levy Asset” is an issuer-specific line, not mapped to a shared definition: Note 22b.
  3. “Investment in subsidiary” is an issuer-specific line, not mapped to a shared definition: Note 21b: dashes in the Group columns.
  4. “National Fiscal Stability Levy Liability” is an issuer-specific line, not mapped to a shared definition: Note 22b.
  5. “Lease liabilities” is an issuer-specific line, not mapped to a shared definition: Note 25: no current / non-current split (liquidity order).
  6. “Statutory reserve fund” is an issuer-specific line, not mapped to a shared definition: Note 32: reserve required by the Banks and Specialised Deposit-Taking Institutions Act.

Cash flow

Cash flow, GHS units. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Cash generated from/ (used in) operations 4,167,689,134 (878,932,716)
Interest received 1,406,474,779 681,638,606
Interest paid1 (471,482,864) (275,871,742)
Taxes and levies Paid2 (213,019,587) (188,242,550)
Net cashflow generated in operating activities 4,889,661,462 (661,408,402)
Purchase of property and (65,023,652) (32,271,434)
Purchase of intangible assets (6,251,727) (12,801,619)
Proceeds from asset disposal3 2,994,012 744,037
Net cashflows used in investing activities (68,281,367) (44,329,016)
Principal payment on lease liabilities (8,030,268) (9,526,900)
Dividend paid (75,000,000) –4
Proceeds from share issue5 204,317,942 –4
Net cashflows used in financing activities 121,287,674 (9,526,900)
Net increase in cash and cash 4,942,667,768 (715,264,318)
Cash and cash equivalents at 1 Jan* 1,984,987,929 2,714,311,650
Effect of foreign exchange rate changes (313,162,491) (14,059,403)
Cash and cash equivalents at 31 Dec 6,614,493,206 1,984,987,929
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (4)
  1. “Interest paid” is an issuer-specific line, not mapped to a shared definition: Operating activities: interest paid (bank).
  2. “Taxes and levies Paid”: mapping to a shared definition is uncertain. Printed 'Taxes and levies Paid': income tax with the levies (note 22).
  3. “Proceeds from asset disposal”: mapping to a shared definition is uncertain. Printed 'Proceeds from asset disposal' with note 24 (property and equipment).
  4. “Proceeds from share issue” is an issuer-specific line, not mapped to a shared definition: Financing activities, note 29.

Per share and shares

Per share and shares. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Earnings / (loss) per share (per share)41 1.372 1.013
Profit / (loss) attributable to shareholders (GHS units)5 482,494,300 336,915,115
  1. Printed as 137 pesewas; value converted to GHS at 100 pesewas = 1 GHS.
  2. Printed as 101 pesewas; value converted to GHS at 100 pesewas = 1 GHS.
Notes and alternative reported figures (3)
  1. “Earnings per share – (Ghana pesewas)”: mapping to a shared definition is uncertain. Printed 'Earnings per share' in Ghana pesewas; basic or diluted is not stated on the statement.
  2. Earnings / (loss) per share: printed as “Earnings per share – (Ghana pesewas)”.
  3. Profit / (loss) attributable to shareholders: printed as “Profit Attributable to the parent”.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

Dividend events, the issuer's wording, and amounts as printed
Year endedEventWording as printedAmountUnitSource
31 Dec 2025 Dividends paid (cash flow statement) Dividend paid (75,000,000) GHS units Annual report, p44
31 Dec 2024 Dividends paid (cash flow statement) Dividend paid 0printed “–”, read as nil GHS units Annual report, p44

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • First Atlantic Bank PLC (Formerly First Atlantic Bank LTD) Annual Report and Consolidated and Separate Financial Statements 31 December 2025

    Year ended 31 December 2025 · Annual report · signed / final

    Audit: Deloitte & Touche (ICAG/F/2026/129), Chartered Accountants, Accra, unmodified opinion · signed

    Auditor's sign-off: Deloitte & Touche (ICAG/F/2026/129); engagement partner Dorcas Sekum (ICAG/P/1751)

    Final status: Independent auditor's report to the members of First Atlantic Bank PLC (opinion PDF p34) closes with a handwritten 'Deloitte & Touche' signature above 'For and on behalf of Deloitte & Touche (ICAG/F/2026/129) Chartered Accountants', Accra, dated '11th March 2026' (the day and month typed on the dotted line; PDF p39, page image); engagement partner Dorcas Sekum (ICAG/P/1751). The statement of financial position records approval by the board of directors on '11th March, 2026' (typed on the dashed line) with two handwritten signatures (Amarquaye Armar, Board Chairman; Odun Odunfa, MD/CEO) (PDF p41, page image). The closing pages of the auditor's report (PDF pp35-39) are headed 'To the members of First Atlantic Bank LTD', the former name; the opening page (p34) names First Atlantic Bank PLC.

    Document date
    11 Mar 2026
    Auditor's report
    11 Mar 2026
    Board approval
    11 Mar 2026
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025, FY2024
    Basis
    consolidated statements · GHS units (printed “All amounts are expressed in Ghana cedis”)
    • Group 2025 cash flows: operating (4 889 661 462), investing ((68 281 367)) and financing (121 287 674) add to 4 942 667 769, one cedi more than the printed net increase in cash and cash equivalents (4 942 667 768, p44, page image). Kept as printed; the opening and closing cash agree with the printed net increase.
    • Two further one-cedi differences in the Group 2025 column, kept as printed (pages 40-41, page images): operating income is printed 1 302 415 387 against components adding to 1 302 415 386, and total shareholders' funds 2 208 394 664 against components adding to 2 208 394 665 (checks pass within rounding).
    • 'Financial Sector Recovery Levy' and 'Stabilisation Levy' are printed as two label lines with one row of amounts (p40, page image); the row is recorded as one issuer-native levy. Group 2025 prints (35 149 655) for this levy and (35 196 104) for the growth and sustainability levy; the Bank columns print (35 196 104) for both.
    • Cash and cash equivalents in the statement of cash flows (6 614 493 206; 2024: 1 984 987 929, note 18) differ from 'Cash and balances with banks' in the statement of financial position (8 104 418 844; 2024: 4 603 420 294); note 18 is not transcribed.
    • Non-controlling interest (note 34) is listed among the shareholders' funds lines; no subtotal of equity attributable to owners of the parent is printed (p41).
    • Taxes and levies paid (note 22) are one operating cash-flow line, recorded as tax paid (ambiguous).
    • The 2024 cash-flow column is headed '2024*': restated because treasury bills had been included in cash and cash equivalents; they are now excluded and their movements shown in operating activities (p44 footnote). Every 2024 cash-flow value is marked issuer_marked_restated.
    • Earnings per share is printed in Ghana pesewas (137; 2024: 101, note 35) without saying basic or diluted.
    Technical details
    File
    130 pages, with a text layer
    SHA-256
    43f8798cd01d3c87fa682541d0a601cc51e14ceca0921840cbb9f2722f717178
    Entity as printed
    First Atlantic Bank PLC (the "Bank") and its Subsidiary (together referred to as the Group)
    Issuer copy
    retrieved 2026-10-08T20:39:24Z

Data notes

No figure-level notes beyond those in the tables.

Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (9 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

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Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.

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