ADB recovers over GHc500 Million in non-performing loans in 9 months
- Think News Online
- Oct 15, 2024
- 2 min read

The Agricultural Development Bank (ADB) PLC has successfully recovered over GHS 500 million in non-performing loans (NPLs) within the first nine months of 2024, as part of its two-year corporate strategy.
The total amount recovered from January to September 2024 stands at GHS 514.99 million.
This remarkable achievement is the result of ADB’s aggressive recovery efforts aimed at addressing a portfolio that has been weighed down by years of bad legacy loans.
Under its 360-degree recapitalization agenda, the Bank’s management empowered its Recovery Department to intensify efforts to reclaim these outstanding debts.
ADB’s Managing Director, Alhassan Yakubu-Tali, attributed the successful recovery to the Bank’s dedicated recovery strategy and the diligence of its Recovery Department.
Having been at the helm for less than two years, Mr. Yakubu-Tali has overseen the Bank’s strengthened risk management practices, which have significantly reduced its NPL ratio, bolstered confidence, and enhanced financial stability.
“Our proactive approach to loan recovery has yielded impressive results. We remain committed to collaborating with regulatory bodies to uphold the integrity of our loan portfolio and maintain the highest standards of risk management,” Mr. Yakubu-Tali said.
He added that the recovery exercise has supported the Bank’s recapitalization efforts and placed it on a path of sustained growth and profitability.
Sylvia Nyante, ADB’s General Manager in charge of recoveries, lauded the collective efforts of the Bank’s stakeholders in ensuring the success of the recovery initiative.
“The decision to prioritize loan recovery as a core strategy is paying off. We are committed to fully recovering all historical NPLs and are grateful to our stakeholders and customers for their support throughout this process,” Madam Nyante said.
The Agricultural Development Bank PLC, known for its leadership in agribusiness financing, continues to show strong financial performance, with growth in deposits, profitability, and assets.
The Bank was also recognized with multiple five-star awards at the recent CIMG Customer Satisfaction Index Report Launch and Awards Night, further underscoring its position as one of the country’s leading universal banks.
Story by: Joshua Kwabena Smith
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