Bayport Savings and Loans PLC has reported a profit before tax of GH¢ 118.3 million for the six months ended June 30, 2026, representing a growth of more than 200 percent compared to the GH¢ 38.6 million recorded in the corresponding period of 2025.
The outcomes of the first half year indicated a rise in Profit after tax from the GH¢ 26.5 million recorded earlier to GH¢ 82.5 million,exceeding the GH¢ 72.1 million reported for the full 2025 financial year.
Net interest income also rose from GH¢ 111.1 million in the first half of 2025 to GH¢ 220.2 million, with total operating income also increasing from GH¢ 97.1 million to GH¢ 206.0 million.
The cost-to-income ratio also improved significantly from 51 percent during the same period last financial year to the 35 percent recorded this year.
Bayport Savings and Loans PLC’s total assets also increased by 77 percent from the GH¢ 1.38 billion recorded in June 2025 to GH¢ 2.44 billion at the end of June 2026.
On the bank’s credit facilities ,Net loans and advances increased by 68 percent from GH¢ 1.11 billion to GH¢ 1.87 billion.
Customer deposits also rose from GH¢ 471.6 million in June 2025 to GH¢ 1.55 billion in June 2026, while borrowings declined from GH¢ 481.0 million to GH¢ 386.8 million.
Additionally,Bayport’s market share within the Controller and Accountant-General’s Department (CAGD) payroll segment increased to 33 percent during the period , reflecting continued customer acquisition, established institutional relationships, and improvements in the speed and accessibility of its lending processes.
The company’s distribution network currently comprises 44 locations across Ghana including the head office, 10 service centres, and 33 agency offices, complemented by digital channels serving urban, peri-urban, and underserved communities.
Non-performing loans (NPL) ratio also declined from 12.6 percent in June 2025 to 8.1 percent in June 2026, falling below the Bank of Ghana’s 10 percent regulatory limit.
Commenting on the performance of the Company, the CEO, Akwasi Aboagye noted that the performance was a testament to the Company’s strategy of growing responsibly, expanding the deposit base, enhancing credit quality and leveraging technology to drive customer service and control.
“Our H1 2026 performance represents our continued execution of our strategy, and we have seen continued growth in a responsible manner, expansion of our deposit base, credit quality improvements and the continued application of technology to further service and control our business as we continue to navigate the impact of our payroll clean ups in our core markets,” he said.
Bayport stated that it enters the second half of 2026 with a larger balance sheet, a more stable funding mix, improved asset quality, and increased capital resources with management’s focus on sustaining gains, maintaining underwriting discipline, and converting the stronger operating platform into consistent long-term performance.
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