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The Advans Ghana, a Savings and Loans company has reported a 400 per cent surge in profit for the first half of 2025, driven by accelerated growth and cost management.
Profit increased from GH¢5.4 million in the same period last year to GH¢23.1 million this year.
Management attributed the growth to the company’s strategy of expanding lending to small businesses, while improving operational efficiency and keeping costs under control.
The results underline Advans Ghana’s position as a leading player in financial inclusion, with management noting that the institution is now reaching more first-time borrowers and entrepreneurs.
Lending performanceA key contributor to the results was the company’s lending activity, particularly to micro, small and medium-sized enterprises (MSMEs).
In the first six months of the year, Advans Ghana disbursed more than GH¢408 million in loans to 7,500 MSMEs, representing a 59 per cent increase year-on-year.
The Gross Loan Portfolio grew by 72 per cent compared to last year, reaching GH¢473 million by the end of June 2025. Out of this total, 37 per cent of loans were granted to first-time borrowers, demonstrating the institution’s aim of improving access to finance.
Net interest income rose by 59 per cent, supported by the higher loan volumes and better yield management.
Non-interest income from fees and commissions also grew by 20 per cent, reflecting more client activity.
Total assets rose to GH¢627.7 million, marking a 46 per cent increase year-on-year.
The Managing Director and Chief Executive Officer of Advans Ghana, Guillaume Valence, described this surge as evidence of balance sheet strength and the confidence of shareholders.
“This achievement has been made possible by the exceptional dedication and hard work of every member of our team. Their collective efforts have reinforced our leadership in financial inclusion and significantly extended our outreach, ensuring that more entrepreneurs across Ghana gain access to the financial tools and support they need to thrive,” he said.
He revealed that the company is reaching its aim by improving the lives of its customers and helping the country with economic reforms.
“We are proud to be delivering on our mission to empower businesses, create jobs, and improve livelihoods, driving economic and social progress in the communities we serve. We are confident that we will continue to build a more inclusive financial future for all, while delivering even greater value to our stakeholders,” he said.
Client deposits grew by 57 per cent year-on-year, which management said signalled growing public trust in the institution.
Digital transactions also increased by 40 per cent, supported by improvements to the mobile banking platform.
The launch of the MyAdvans App during the period was highlighted as a major step forward.
The app allows customers to check balances, access account information and carry out transactions securely from any location in Ghana.
Advans Ghana now has more than 142,000 active clients across urban, peri-urban and rural areas.
It currently operates 19 branches in eight regions, with two more expected before the end of the year.
Women-led businesses made up 61 per cent of clients served in the reporting period.
Through its AdvansHER initiative, the company trained more than 100 women entrepreneurs in financial literacy.
Management said the commitment to gender inclusion remained central to its operations.
The institution believes that supporting women in business leads to stronger communities and sustainable growth.
