Sky Bank has announced its financial results for the year ended 31 December 2025, reporting a significant increase in profitability, driven by strong operational performance, cost management, and continued focus on innovation and customer acquisition.
Key Financial Highlights:
The Profit Before Tax (PBT) grew by 18% YoY over the 2024 results, rising from NLe69.02million in 2024 to NLe81.37million in 2025. This growth in the PBT has a direct correlation with the growth in the bank’s balance sheet and income statement across the key metrics in 2025. The Bank’s loan book grew by 15%, resulting in an increase of NLe56.46 million, from NLe387.03 million in 2024 to NLe443.49 million in 2025. Investments in Government Securities also showed a notable growth of NLe80.19 million, representing a 21% increase from NLe375.21 million in 2024 to NLe455.40 million in 2025. Total Deposits have also been growing YoY. It increased from NLe1,043.99million in 2024 to NLe1,178.45million in 2025, representing a 13% growth.
Total revenue increased by 20%, from NLe294.00 million in 2024 to NLe351.77 million in 2025, while the Bank’s Profit after Tax (PAT) increased by NLe9.07 million from NLe51.77 million in 2024 to NLe60.84 million in 2025, reflecting a substantial growth in the Bank’s overall performance. Operational efficiency also improved markedly as the Bank’s Cost-to-Income Ratio declined from 60% to 51%, highlighting management’s focus on cost optimization and productivity improvements.
Sky Bank’s financial report for 2025 is indicative of a resilient and thriving institution. The Bank attributes the performance to increased efficiency, enhanced lending activity, prudent risk management, enhanced digital offerings, and growth in fee-based income. Strategic investments made in technology and customer service have also contributed to increased operational resilience and customer satisfaction.
Commenting on the results, Management noted that the Bank remains committed to delivering sustainable growth, strengthening customer relationships, and contributing meaningfully to Sierra Leone’s financial sector and the economy at large.
With respect to the outlook for 2026, Sky Bank remains committed to responsible growth, digital transformation, and playing a leading role in supporting business and contributing to the financial landscape of Sierra Leone.
