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Friday, December 19, 2025

First Atlantic Bank PLC records oversubscribed IPO ahead of GSE listing

First Atlantic Bank has successfully completed its Initial Public Offering (IPO), recording an oversubscription of the offer — a development that signals strong investor confidence in the bank’s fundamentals and growth outlook.

The offer, which closed on Friday, 4 December 2025, attracted broad participation from both institutional and individual investors.

Following the successful completion of the IPO, the bank is scheduled to list on the Ghana Stock Exchange (GSE) on Friday, 19 December 2025, with trading in its shares expected to begin on the same day.

The listing ceremony will bring together regulators, market operators, investors and other key stakeholders, formally confirming First Atlantic Bank as a publicly traded company.

The GSE listing represents a major milestone in the bank’s strategic growth plan — strengthening corporate governance, enhancing regulatory compliance and providing access to long-term capital.

The oversubscription reflects the bank’s consistent financial performance, underpinned by sustained profitability, balance-sheet growth and continued investment in digital banking infrastructure.

First Atlantic Bank has prioritised technology-driven innovation, risk management, regulatory compliance and customer-centred product development to boost competitiveness within Ghana’s banking sector.

The Board and Executive Management have expressed appreciation to the Bank of Ghana, the Securities and Exchange Commission, the National Pensions Regulatory Authority and the Ghana Stock Exchange for their support throughout the listing process.

With an improved capital position, First Atlantic Bank is expected to support business expansion, deepen financial inclusion, pursue regional growth opportunities and contribute to the development of Ghana’s capital markets, while delivering long-term value to shareholders.

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