Bayport Posts 75% Profit Growth, Doubles Deposit Base in H1 2025
Bayport Savings and Loans has reported strong financial performance for the first half of 2025, marked by robust growth in profitability, deposits, and lending, alongside improved operational efficiency.
Speaking during the Facts Behind the Figures session at the Ghana Stock Exchange (GSE) on Thursday, August 21, 2025, the Managing Director of Bayport, Akwasi Aboagye, disclosed that the company’s half-year profit rose by 75% compared to the same period in 2024, while deposits surged by 63%.
“We have more than doubled our deposit base as we speak today, and the trajectory is we’re looking to grow a minimum 150% compared to the full year 2024,” Mr. Aboagye said.
Lending also expanded strongly, with the company’s loan portfolio increasing by almost 80% to GHS 1.1 billion. Notably, the growth in credit was accompanied by a sharp improvement in asset quality, as the non-performing loans (NPL) ratio fell from 16% to 4.6%.
On efficiency, Bayport’s cost-to-income ratio declined to 59.5%, down from 67% a year earlier, reflecting the benefits of diversification and operational discipline. Mr. Aboagye expressed optimism that the ratio would end the year below 55%.
“Our interest income went up about 70%, our profit before tax almost doubled, and return on equity increased by nearly 50%, from 6.5% to 10%,” he noted.
Bayport also strengthened its capital position, raising stated capital from GHS 29 million to GHS 50 million, while its capital adequacy ratio stood at 11.9% in the second quarter. The lender projects this to reach just under 30% by year-end, well above the regulatory minimum of 10%.
The company’s liquidity also improved significantly, supported by higher cash reserves and disciplined operational execution. Net interest margins widened, while operating expenses increased by only 15%—well below prevailing inflation—driven by its ongoing digital transformation.
“Today, about 25% of our loans are generated through our call centre. From a sustainability and liquidity point of view, we are now in a much stronger position than we’ve ever been,” Mr. Aboagye stated.
