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Business News of Saturday, 26 October 2024

    

Source: Citi News

ADB strengthens CSR commitment as it makes significant gains

Managing Director of ADB PLC, Alhaji Alhassan Yakubu-Tali Managing Director of ADB PLC, Alhaji Alhassan Yakubu-Tali

The Agricultural Development Bank (ADB) PLC has doubled its CSR spending to GHS5,375 million by Q3 2024, up from GHS3,906 million in 2023, supporting agriculture, rural communities, education, and other social causes.

ADB’s increased CSR investment aligns with its mission to drive economic empowerment and sustainability. The bank recorded significant financial growth, with profit before tax reaching GHC176.414 million, a 600% increase from 2023.

Additionally, its liquidity ratio rose to 125.55%, while deposits grew to GHC11.15 billion, reflecting a robust financial position and heightened commitment to social impact.

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