Bayport celebrates a decade of progress with the Ghana Fixed Income Market

Bayport Savings and Loans PLC is proud to join the Ghana Fixed Income Market (GFIM) in commemorating a decade of strengthening Ghana’s capital markets infrastructure and expanding access to long-term domestic funding.

GFIM’s role in deepening Ghana’s financial ecosystem

Over the past 10 years under the stewardship of the Ghana Stock Exchange, GFIM has evolved into a vibrant marketplace for fixed-income securities, fostering wider investor participation among pension funds, banks, insurance companies, and asset managers. Rising trading volumes continue to highlight growing confidence in Ghana’s bond market.

Bayport acknowledges the strong support of regulatory partners including the Securities and Exchange Commission and the Bank of Ghana in advancing a robust, transparent, and investor-focused market environment. This progress has enabled credible private-sector issuers, including Bayport, to mobilize funding locally and contribute to national growth.

Bayport’s role and commitment: A partnership driving progress

Bayport remains proud to have been one of the pioneering non-bank financial institutions to list a GHS 500 million Bond Programme on the Ghana Fixed Income Market (GFIM) under its current approved programme. Under its current and previous programmes, multiple successful tranches totaling GHS 725 million were issued since 2015 and fully listed, this was supported by our arrangers Stanbic Bank, Absa Bank and Databank. Through timely coupons and principal repayments and consistent disclosure practices, Bayport has built a reputation as a highly disciplined and transparent issuer.

The proceeds from Bayport’s bonds have helped expand access to affordable payroll lending for public-sector workers across Ghana, promoting financial inclusion and improving household resilience. By offering a secure and attractive investment option for local institutional investors, Bayport’s issuances have contributed to strengthening corporate bond credibility and retaining domestic capital within Ghana’s financial ecosystem.

Achievements and milestones since joining GFIM

Bayport’s engagement with the market has supported measurable business growth, including:

• Steady expansion of the company’s asset base and operational resilience. Total asset growth close to 7 times from December 2015 to September 2025 (2015: GHS 215 million vs 2025: GHS 1.7 billion).
• Increased profitability supported by sustainable revenue growth. Growth in profit after taxes is more than 200%.
• Declining cost of funds due to access to long-term cedi-denominated financing.
• Improved liquidity and operational stability driven by stronger liability management.
• Consistent oversubscription of bond tranches issued under the programme.
• Continued ranking among the most actively traded corporate bonds on GFIM.

These outcomes reflect growing investor confidence in Bayport’s business model and creditworthiness.

Solid financial performance in Q3 2025

Bayport’s Q3 results affirm a strong financial trajectory:

• Improved profitability across key indicators including net interest income of GHS183.1mil (43% growth from Q3 2024), net operating income GHS 142.4mil (47% improvement from Q3 2024), and profit after tax of GHS 44.6mil (98% growth from Q3 2024).
• Enhanced return measures, including strong ROE of 22.9% and ROA of 4.3%
• Year-on-year growth in the loan book 26% (Q3 2025 GHS1.2bil vs Q3 2024 GHS 960 mil), total assets 35% (Q3 2025 GHS1.7bil vs Q3 2024 GHS 1.2bil), and equity base 18% (Q3 2025 GHS 282 mil vs Q3 2024 GHS 239 mil).
• A healthier funding mix and strong levels of cash and cash equivalents.
• Sustained asset quality improvements and capital adequacy of 12.5% well above regulatory thresholds.

Additionally, Bayport continues to enhance its sustainability footprint, as outlined in its recent ESG publication which highlights progress in responsible lending, governance, and community empowerment.

Looking ahead

As GFIM enters its next decade, Bayport remains fully committed to:

• Continued active participation in the fixed-income market
• Responsible capital raising to empower more Ghanaians through accessible financing
• Supporting Ghana’s broader financial-stability objectives and capital-market development vision
• Deepening collaboration with investors, regulators, and market partners

Bayport encourages other corporates to explore GFIM as a credible and effective platform for raising long-term local currency funding to accelerate growth. Once more, Bayport commends the GFIM for ten years of expanding Ghana’s capital market.

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