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ADB posts GH¢3.4 bln deposit growth, profit continues to rise

Investmenttimes
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The Agricultural Development Bank (ADB) PLC has recorded a significant growth in its customer deposits by over GHS3.4 billion, from GH¢7.747 billion in September 2023 to GH¢11.147 billion in September 2024. According to the Bank’s published unaudited financial statements as of the end of Q3 2024, the bank also recorded an impressive profit after tax of GH¢111.827 million compared with GH¢2.040 million recorded during the same period in 2023. The liquidity ratio of the Bank also grew from 91.94% to 125.55%. The Bank’s total assets also grew by over GH¢4.5 billion and its capital adequacy ratio has also moved from...
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