Bayport Savings and Loans has recorded a significant increase in profitability in the first nine months of 2026, with profit after tax rising by 186.1 per cent compared to the same period in 2025.
The strong performance was supported by growing customer deposits, increased lending activities, and improved interest income.
According to the company’s unaudited financial statements, profit after tax increased to GH¢127.65 million from GH¢44.62 million, while profit before tax surged by 181 per cent to GH¢182.64 million.
The results highlight Bayport Savings and Loans’ expanding presence in Ghana’s financial services sector as the institution accelerates its lending operations and strengthens its balance sheet.
The company’s total assets grew by 57.2 per cent year-on-year to GH¢2.61 billion, reflecting substantial growth in its financial operations. Loans and advances were a major contributor to this expansion, increasing by 71.2 per cent to GH¢2.08 billion.
The performance underscores Bayport’s growing lending capacity and the role of customer deposits in supporting credit expansion and improving its interest margin.
The latest figures position Bayport Savings and Loans as a financial institution experiencing strong growth in profitability, lending, and overall asset size amid developments in Ghana’s banking and non-bank financial services industry.
Source: newsthemegh.com