GCB Posts ¢323 million profit
GCB Bank Limited revealed a significantly improved bottom line with a net profit of ¢323.13 million for the year ended 2018.
This translates into growth of ¢110.42 million over the ¢212.72 million recorded in the 2017 financial year.
Top line growth was appreciable despite instability in the banking industry with 2018 recording ¢1,260 million as total income compared to ¢1,113 million recorded in 2017.
The Bank further took the lead in mobilizing ¢1,379 million to end the year with ¢8,335 million in deposits.
GCB also chronicled total assets of ¢10,635 million making it the Bank with the largest asset base in Ghana.
Related Posts
South Africa: Lula secures over $21m to boost SME funding
South African fintech Lula has secured R340 million (over $21 million) in local currency funding from the Dutch…
ByIfeyinwa Osime appointed Chair of Access Bank board
Access Holdings Plc has announced the appointment of Mrs. Ifeyinwa Osime as the new Chairman of the Board…
Simba Group, LAPO to enhance asset financing for mobility entrepreneurs
Simba Group, the exclusive distributor of TVS Tricycles (popularly known as Keke) and motorcycles in Nigeria, has entered…
Nedbank plans 66% acquisition of NCBA Group
South Africa’s Nedbank Group Limited has announced its intention to acquire a controlling 66% stake in NCBA Group…
Gallery
