By Grace Zigah
Enyan Denkyira Community Bank PLC has recorded its strongest financial performance yet, posting an after-tax profit of GH¢1,872,284 for the 2025 financial year, representing a 63.24 percent increase over the GH¢1,148,072 recorded in 2024, which had previously been the highest profit in the bank’s history.
The impressive performance was announced at the bank’s 43rd Annual General Meeting (AGM) held at Enyan Denkyira in the Ajumako-Enyan-Essiam District of the Central Region, where shareholders also learned that no dividend would be paid despite the record-breaking earnings.
Presenting the Board of Directors’ report, Chairman of the bank, Kojo E. Sam-Woode attributed the strong financial results to the successful implementation of the bank’s strategic initiatives, prudent risk management practices, operational efficiency, and the dedication of management and staff.
According to him, the bank also recorded significant growth in its balance sheet, with total assets increasing by 37.26 percent, from GH¢66.56 million in 2024 to GH¢91.37 million in the 2025 financial year.
No Dividend Despite Record Profit
Although shareholders welcomed the bank’s improved financial performance, some expressed concern over the Board’s decision not to declare dividends.
Responding to the concerns, Sam-Woode explained that the decision was necessitated by the Bank of Ghana’s new Microfinance Sector Framework, which requires rural banks—now reclassified as community banks—to increase their minimum paid-up capital from GH¢1 million to GH¢5 million by December 2026.
He explained that to comply with the new regulatory requirement, the Board resolved to retain more than GH¢80,000 originally earmarked for dividend payments to strengthen the bank’s capital base.
The Chairman disclosed that the bank’s current paid-up capital stands at GH¢2,681,420, leaving a significant gap to meet the new minimum capital requirement before the deadline.
Appeal for Fresh Investment
Sam-Woode appealed to prospective investors, existing shareholders, business owners, institutions, and residents within the bank’s operational area to purchase additional shares and support the institution’s capital mobilisation efforts.
He said strengthening the bank’s capital would enable it to continue supporting local economic development while consolidating its transition from a rural bank to a community bank under the BoG new regulatory framework.
Board Member Pledges Additional Financial Support
The AGM also heard a commitment from businessman and Board member Ebusuapanyin Kwesi Tweiku, popularly known as Ebenezer Ben Siisi Crentsil, who pledged to continue injecting funds into the bank to help bridge the capital gap.
Siisi Crentsil said he remained committed to supporting the institution’s growth and ensuring it successfully meets the Bank of Ghana’s capital requirements.
Commitment to Community Development
Despite focusing on capital mobilisation, the bank maintained its commitment to corporate social responsibility during the year under review.
According to the Directors’ report, the bank invested GH¢60,048 in community development initiatives in 2025, supporting sectors including education, healthcare, agriculture, security, and sponsorships.
This compares with GH¢77,746 spent on similar initiatives in 2024.
Stakeholders Commend Strong Performance
The bank’s 2025 performance received widespread praise from shareholders and industry stakeholders.
Among those who commended the institution were the Executive Director of the ARB Apex Bank, P. Amankwah, the President of the Central Regional Chapter of the Association of Rural Banks, Akhurst Yamoah, and the Chief Executive Officer of Enyan Denkyira Community Bank PLC, Dawda Erskine.
