26 C
Accra
Saturday, November 28, 2020
No menu items!

GCB Bank records GH¢323million profit

Must Read

Ban importation of some foreign food products and vegetables- Prof. Francis Zotor

A Professor in Public Health at the School of Health and Allied Sciences, Prof. Francis Zotor has challenged Ghanaians...

Martin Amidu fires back at President Akufo-Addo

Immediate past Special Prosecutor, Martin Amidu has fired back at Government in a 27 paged statement to react to...

PIAC expresses worry over indebtedness of Ghana Gas to GNPC

The Chairman of the Public Interest and Accountability Committee (PIAC), Noble Wadza, has expressed worry about the indebtedness of...

GCB Bank Limited, last year, recorded a net profit of GH¢323.13 million, thus posting a significantly improved bottom line.

This translates into growth of GH¢ 110.42 million over the GH¢212.72 million recorded in the 2017 financial year.

A statement issued by the Corporate Affairs Department of the Bank, and copied to the Ghana News Agency, in Accra, on Thursday, said the top line growth was appreciable despite instability in the banking industry; with 2018 recording GH¢1,260 million as total income, compared to GH¢1,113 million recorded in 2017.

The Bank further took the lead in mobilising GH¢ 1,379 million to end the year with GH¢ 8,335 million in deposits, it said.

GCB also chronicled total assets of GH¢10,635 million making it the Bank with the largest asset base in Ghana.

SourceGNA

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Ban importation of some foreign food products and vegetables- Prof. Francis Zotor

A Professor in Public Health at the School of Health and Allied Sciences, Prof. Francis Zotor has challenged Ghanaians...

Martin Amidu fires back at President Akufo-Addo

Immediate past Special Prosecutor, Martin Amidu has fired back at Government in a 27 paged statement to react to the reasons for his resignation. The...

PIAC expresses worry over indebtedness of Ghana Gas to GNPC

The Chairman of the Public Interest and Accountability Committee (PIAC), Noble Wadza, has expressed worry about the indebtedness of Ghana Gas to GNPC. He said...

Political parties asked to dissociate themselves completely from unregulated security bodies for peaceful elections

The Special Representative of the UN Secretary-General for West Africa and the Sahel, Dr. Mohamed Ibn Chambas, has appealed to political parties, particularly the...

President Akufo-Addo inaugurates 60-bed Twifo Praso Hospital

The President, Nana Addo Dankwa Akufo-Addo, has commissioned the sixty-bed Twifo Atti-Morkwaa District Hospital, located in Twifo Praso, in the Central Region. This hospital, initiated...

More Articles Like This