Audio By Carbonatix
Four Banks listed on the Ghana Stock Exchange recorded some good earnings in the half year.
The bank’s HFC, SG-SSB, GCB and Ecobank’s parent company, ETI saw their revenues increase substantially in their financials ending June 30.
HFC bank’s profits shot up by 37 percent to 7.8 million Ghana cedis. SG-SSB also recorded a 14 percent growth in profits to hit 12.2 million Ghana cedis.
The country’s biggest bank, GCB also saw its profit shoot up by 46 percent for the half year.
The bank made some marginal gains from its interest earning business but loans that the bank fears might go bad went up by 82 percent.
Though ETI saw over 51 percent growth in most areas of business, profits dip marginally to 86 million dollars.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
CJ’s vacation warrants not limited to politically sensitive cases – Victoria Bright
42 minutes -
Parts of Accra to experience power interruption on Sunday for emergency GRIDCo tower restoration
47 minutes -
Dafeamekpor defends Ayine’s handling of Aksa case, faults past AGs
1 hour -
Luv FM High School Debate: Afigyaman, OKESS seal Round of 16 spots in style
1 hour -
Dafeamekpor urges Parliament to stay out of Aksa probe, backs expert-led inquiry
1 hour -
The rise and rise of Azigi
2 hours -
Is Angela List being targeted? Government must reconsider the Adamus revocation
2 hours -
Bezos-backed consortium buys a third of Liverpool
2 hours -
Galamsey is becoming a national survival issue – Annoh-Dompreh
2 hours -
Beyond State Funding: NSA Inaugurates Deen-led team to power Ghana’s sports reset
2 hours -
Jason Arday death ‘tragedy on so many levels’ says PM Burnham
2 hours -
NPP has never used nolle prosequi to shield appointees – Baffour Awuah
2 hours -
A-G owes it a duty to the State even if we don’t trust him – Dr Bomfeh on AKSA bribery probe
2 hours -
A Plus dismisses claims poor English explains his limited role in Parliament
2 hours -
Unauthorised drone flights banned at Manhyia Palace
3 hours