Bayport Savings and Loans Delivers Strong H1 2025 Results, Surpasses Full-Year 2024 Profits in Six Months
Bayport Savings and Loans PLC has announced outstanding half-year results for 2025, surpassing its full-year 2024 performance and reinforcing its position as a trusted partner in Ghana’s financial sector.
The company recorded a +75% year-on-year increase in profit before tax to GHS 38.6 million, supported by disciplined cost management, strong deposit growth, and continued support for public sector workers. Deposits rose sharply by +62% to GHS 472 million, while the loan book expanded by 17% to GHS 1.1 billion.
Asset quality also strengthened, with the Non-Performing Loan ratio improving from 16.0% in June 2024 to 12.6% in June 2025. Operational efficiency improved significantly as the cost-to-income ratio fell to 59% from 67.1% a year earlier, with management targeting a further reduction to below 55% by year-end.
Commenting on the results during the “Facts Behind the Figures” session hosted by the Ghana Stock Exchange, Managing Director Akwasi Aboagye credited Bayport’s strong performance to consistent support for public sector workers, disciplined cost management, and increased funding from deposits and other financing sources.
“We have more than doubled our deposit base and outperformed last year’s results in just six months. This performance is a clear demonstration of Bayport’s resilience, our focus on responsible growth, and our ability to deliver sustainable value to our customers, shareholders, and partners,” he said.
Bayport’s digital transformation continued to deliver measurable results in the first half of the year. The integration of AI and automation into credit processes enhanced risk management and accelerated disbursements, while digital platforms strengthened customer onboarding and collections.
Strategic partnerships with employers expanded further, driving higher loan disbursement volumes and reinforcing Bayport’s role in advancing financial inclusion.
The company also made significant progress on its Environmental, Social, and Governance (ESG) agenda. On the people front, Bayport launched a leadership pipeline for 12 high-potential women, promoted 11 staff members, and converted 12 contract staff into permanent roles.
Its environmental initiatives gained momentum through the scaling of the “Trash to Treasure” recycling program across offices.
In terms of social impact, Bayport continued investing in education, scholarships, and financial literacy programs to empower communities, while governance practices were further strengthened with ESG metrics tied to leadership KPIs and reporting aligned with GRI standards for greater transparency.
“Our DNA as a business is to support Ghana’s public sector workers, teachers, health professionals, and staff of Ministries, Departments and Agencies. Today, one in every four public sector workers on the government payroll has a loan with Bayport,” Mr. Aboagye emphasized. “We will continue to grow responsibly, leveraging digital innovation and sustainability principles to strengthen our business and expand financial access to thousands more Ghanaians.”
Looking ahead, Bayport enters the second half of 2025 with strong momentum, supported by a resilient funding base, favorable macroeconomic conditions, and continued investment in technology.
The company recently issued GHS 50 million under its GHS 500 million bond program and expects to raise up to GHS 100 million more by year-end, following approval from the Bank of Ghana in July 2025.
“2025 will be a much stronger year, and our first-half results give us every reason to be confident about the trajectory of our business,” Mr. Aboagye concluded.
