Audio By Carbonatix
GCB Bank Limited posted 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.
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
-
2026 Apostolic Visitation commences at Cedar Mountain Chapel
2 minutes -
Gov’t urged to strengthen capacity of MMDAs to improve building permit regulation
3 minutes -
Sugarcane farmers call off protest, set July deadline for government action on Komenda factory
36 minutes -
Asafo-Adjei Ayeh questions effectiveness of World Cup Committee after Partey’s visa setback
40 minutes -
Use diplomatic channels to secure Partey’s entry into Canada – Asafo-Adjei Ayeh to gov’t
49 minutes -
Gov’t should have foreseen Partey’s visa challenge – Bosome Freho MP
50 minutes -
UCC opens internal probe into death of Level 200 student
58 minutes -
From invisible to influential : Why Africans must take personal branding seriously
2 hours -
Police rule out visible assault in death of UCC student found on beach as investigations continue
2 hours -
Education Minister mourns UCC student, orders full investigation into death
2 hours -
Loud and Green : Plastic is not waste, it is an opportunity – PlasticPreneur challenges Ghana’s perception of plastic pollution
3 hours -
Government failed in diplomatic engagements over Partey’s visa issue – Bosome Freho MP
3 hours -
Loud and Green : Young climate advocate calls for a shift from single-use plastics to tackle flooding
3 hours -
Ocean Harmony Project founder warns plastic pollution is entering the human food chain through fish
3 hours -
Ghana’s floods are behavioural disasters, not natural ones – Environmental advocates
3 hours