Societe Generale Ghana PLC has announced a profit after tax of GH¢397 million for the 2025 financial year, as the country's improving economy boosted the banking sector. The bank's share price jumped 199% from GH¢1.50 to GH¢4.49 over the period, reflecting strong investor confidence.

The results were presented at the bank's 46th Annual General Meeting, held virtually on Wednesday and streamed from its Head Office. Board Chair Margaret Boateng Sekyere told shareholders that global growth stayed steady at about 3.3% in 2025, supported by easing financial conditions and tech investment, despite geopolitical tensions and trade policy pressures.

Ghana's banking sector also benefited from the better environment. Total industry assets grew 21.5%, while the non-performing loan ratio dropped to 18.9% from 21.8% in 2024, indicating stronger asset quality and better regulation.

Managing Director Hakim Ouzzani attributed the bank's performance to lower inflation, easing interest rates and a stronger cedi. Net interest income reached GH¢1.19 billion, and net trading income more than doubled to GH¢122.3 million. Shareholders' funds rose to GH¢2.60 billion, with Return on Equity at 15.1%.

"Societe Generale Ghana delivered a resilient performance in 2025, underpinned by strong revenue growth, disciplined risk management and continued operational efficiency," Ouzzani said.

He added that the bank's strong capital and liquidity position will allow it to expand lending as private sector recovery continues. The bank also introduced several digital innovations and customer-focused initiatives during the year.

Unpaid Dividends Hit GH¢9.97 Million

A major issue at the AGM was the transition to electronic dividend payments. The Securities and Exchange Commission (SEC) directed all listed companies to pay dividends via bank transfers or mobile money from February 1, 2024, replacing paper warrants. Societe Generale amended its constitution to comply and paid 2024 dividends electronically.

But despite extensive communication, many shareholders haven't claimed their money. As of October 31, 2025, 29,800 shareholders were owed GH¢10.93 million. That figure has since dropped to GH¢9.97 million owed to 29,685 shareholders as of May 2026.

Mrs. Boateng Sekyere urged shareholders to update their records with the bank's registrar, NTHC Limited, or their stockbrokers to receive payments through their preferred electronic channels.

Shareholders Approve Strategy

Shareholders at the meeting approved the audited financial statements for 2025, along with directors' and auditors' reports. They also approved directors' fees, re-elected existing non-executive directors, elected new ones and authorised the board to set the external auditors' pay.

The meeting ended on a positive note, with shareholders expressing confidence in the bank's direction and growth prospects. Societe Generale Ghana says it remains focused on innovative financial solutions, supporting businesses and households, and creating sustainable value for shareholders.