Izwe Savings and Loans PLC reported strong financial performance last year with improve profitability and strong balance sheet.
The company recorded profit after tax of GH¢6.1 million in 2025, a significant increase from GH¢0.4 million posted in 2024.
Speaking at the company turn of the Fact-Behind-the-Figures series of the Ghana Stock Exchange in Accra yesterday, the Chief Executive Officer (CEO), Mr Raymond Kwakye Bismarck, said profit before tax increased to GH¢9.3 million, driven primarily by higher net interest income and a reduction in operating expenses.
“This result signals a return to sustainable profitability after a period of consolidation. Net interest income increased by Net interest income increased by 15.6 per cent year on year to GH¢80.6 million signalling strong profitability,” he said.
Mr Bismarck noted that loans and advances to customers leveled out at GH¢378.8 million (2024: GHc 403.2 million), as management focused on asset quality rather than growth, adding that Net fee and commission income declined to GH¢10.7 million from GH¢17.4 million in 2024.
He said total operating expenses reduced to GH¢85.6 million, down from GH¢88.0 million in 2024.
That, reduction, Mr Bismarck was achieved alongside an increase in operating income, resulted in a materially stronger entity that is set for further growth in equity during 2026.
“The company’s capital base remained robust, with total equity of GH¢73.5 at year end from GH¢67.5m in 2024 and capital adequacy above the regulatory limit of 10 per cent. Prospect for the year ahead the 2025 financial year reflects a period of stabilisation and recovery for Izwe Savings and Loans,” he revealed.
Mr Bismarck said with improved profitability, stronger margins, controlled costs, and a cautious risk approach, the company was positioned to consolidate gains and pursue measured, sustainable growth going forward.
“Izwe will continue to focus on optimising its balance sheet and expanding its digital ecosystem. The company will leverage technology enabled lending, data driven decision making, and digital customer engagement to support responsible and sustainable growth, in full compliance with Bank of Ghana regulations,” the CEO stated.
The CEO further indicated that, “Diversifying and driving business growth through digitalization and building on the institution’s current strengths, Izwe will expand into new markets through digital product innovation while driving operational excellence across the business.”
He explained that there would be continuous enhancement of the company’s collections and recovery processes to maximise returns, strengthen risk management frameworks, and promote sustainable growth through organically diversified business lines.
“2026 will mark the exciting rollout in Ghana of some of the successful products that the Izwe Group offers in other markets,” Mr Bismarck stated, adding that, “This forms part of our commitment to support business growth in Ghana, and will be our flagship digital financial products, namely Izwe Float, Izwe Boost, Merchant Credit and Izwe Pay.”
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