OmniBSIC Bank posts impressive results for 2024, doubles profit to GH¢314m

OmniBSIC Bank Ghana Limited has reported strong results for 2024. Profit increased by 109 percent to GH¢314 million. This growth was driven by rising operating income and controlled costs.

The bank's total assets also grew significantly, ending the year very liquid and well-capitalized. This positions OmniBSIC as a preferred partner for businesses and individuals.

As a fully indigenous lender, OmniBSIC Bank is one of the most successful merger stories in finance. It has delivered appealing products and services, leading to consistent financial success.

The bank has strengthened its corporate governance structures. It invested in infrastructure to meet the Bank of Ghana’s standards. OmniBSIC is committed to transparency and accountability in all operations.

Headquartered in Accra’s Airport City, OmniBSIC Bank operates 40 branches across Ghana. The bank offers a wide range of products and digital solutions for corporate, SME, and individual needs. It actively supports local communities as well.

To enhance customer experiences, OmniBSIC prioritizes technology investment and employee development. This commitment is evident in its rigorous staff selection process and training programs.

OmniBSIC Bank has transformed significantly, improving across all metrics including financial performance. It received multiple awards such as Most Customer-Centric Bank (CIMG, 2022) and Best Corporate Bank (Global Banking Awards, 2024). The bank ranks 29th on GIPC’s Ghana Club 100 list.

Mr. Daniel Asiedu, the Managing Director, attributes the strong growth to hard work and customer trust. He stated that despite being a young bank, they deliver on promises which builds trust with customers.

In terms of liquidity and capital, interest income rose by 49 percent to GH¢1.24 billion in 2024. Operating income grew by 39.7 percent to GH¢746.1 million due to an increase in earning assets from GH¢3.83 billion to GH¢5.99 billion.

Total assets increased nearly 65 percent to GH¢9.4 billion last year due mainly to deposits, loans, advances, and investments growth. Customer deposits rose by 70 percent from GH¢4.8 billion in 2023 to GH¢8.2 billion in 2024.

Loans advanced increased from GH¢579 million in 2023 to GH¢1.03 billion in 2024—a growth of 77.5 percent—showing strong support for business expansion efforts.

Looking ahead, Mr. Asiedu believes the future is bright for OmniBSIC Bank as they aim for sustained growth while expanding customer support.

He emphasized that management is focused on introducing innovative products for business growth while positioning OmniBSIC as a top-tier lender over time.

As part of their transformation agenda, they are refreshing their brand and investing heavily in technology and staff capacity building to meet evolving customer demands effectively.