Republic Bank (Ghana) Income Statement

Financials in millions GHS. Fiscal year is January - December.

Millions GHS. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Interest Income on Loans	1,265	1,202	975.43	625.16	482.67	468.23
Interest Paid on Deposits	519.05	552.12	417.87	232.23	179.42	197
Net Interest Income	746.18	650.15	557.56	392.92	303.25	271.23
Net Interest Income Growth (YoY)	21.70%	16.61%	41.90%	29.57%	11.81%	16.43%
Income From Trading Activities	57.27	49.92	55.22	34.01	27.85	20.3
Gain (Loss) on Sale of Assets	1.14	1.14	0.08	0.73	2.29	-0.01
Gain (Loss) on Sale of Investments	12.42	5.33	-3.05	4.69	4.09	5.34
Other Non-Interest Income	173.17	162.62	139.27	118.75	88.53	81.25
Total Non-Interest Income	244	219.02	191.52	158.18	122.75	106.88
Non-Interest Income Growth (YoY)	16.22%	14.36%	21.08%	28.86%	14.85%	-2.84%
Revenues Before Loan Losses	990.18	869.17	749.08	551.1	426.01	378.11
Provision for Loan Losses	17.5	31.61	66.09	241.61	20.45	48.16
Revenue	972.68	837.56	682.99	309.5	405.56	329.95
Revenue Growth (YoY)	23.89%	22.63%	120.68%	-23.69%	22.92%	1.89%
Salaries and Employee Benefits	305.92	283.41	233.73	186.37	152.68	144.98
Occupancy Expenses	54.27	43.56	34.8	26.93	22.86	21.46
Selling, General & Administrative	14.85	14.9	11.82	12.64	11.19	7.86
Other Non-Interest Expense	222.2	198.09	174.36	99.41	92.97	72.77
Total Non-Interest Expense	597.23	539.96	454.71	325.36	279.7	247.07
EBT Excluding Unusual Items	375.46	297.6	228.28	-15.86	125.86	82.88
Pretax Income	375.46	297.6	228.28	-15.86	125.86	82.88
Income Tax Expense	107.11	86.92	83.24	45.27	35.98	26.34
Earnings From Continuing Operations	268.35	210.68	145.03	-61.13	89.88	56.54
Minority Interest in Earnings	-11.65	-8.81	-5.01	-2.55	-1.64	-0.12
Net Income	256.71	201.87	140.03	-63.68	88.24	56.41
Net Income to Common	256.71	201.87	140.03	-63.68	88.24	56.41
Net Income Growth	38.02%	44.16%	-	-	56.41%	-27.93%
Basic Shares Outstanding	-	852	852	852	852	852
Diluted Shares Outstanding	-	852	852	852	852	852
EPS (Basic)	-	0.24	0.16	-0.07	0.10	0.07
EPS (Diluted)	-	0.24	0.16	-0.07	0.10	0.07
EPS Growth	-	44.14%	-	-	56.45%	-27.95%
Effective Tax Rate	28.53%	29.21%	36.47%	-	28.59%	31.79%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.