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
-
Richard Dogbe declares bid for NDC Greater Accra Deputy Youth Organiser
11 minutes -
M.anifest questions toxic fan culture amid fresh music industry tensions
12 minutes -
469 farmers paid compensation as Accra-Kumasi Expressway clearance progresses
14 minutes -
Malaysian boy acquitted for murder of schoolgirl on grounds of insanity
22 minutes -
Arabic, Chinese teaching debate should end after Mahama’s clarification – Asah-Asante
23 minutes -
Ashanti Regional Minister halts 24-Hour Market project in Mankranso over school demolition concerns
25 minutes -
The Forgotten “Little Children”
32 minutes -
Zambians warned not to eat dead wildlife after anthrax kills dozens of animals
35 minutes -
AG urges GBA to remain the conscience of Ghanaian society
47 minutes -
24-Hour Economy: Minority questions demolition of schools, markets and other public assets
49 minutes -
China criticises idea it is in ‘malicious competition’ over AI
52 minutes -
Russia hits Ukrainian train shortly after Boris Johnson and top European officials leave station
52 minutes -
Sista Afia reveals fears about becoming a single mother
55 minutes -
Gov’t 24-Hour Economy markets programme is an afterthought – Minority
56 minutes -
Minority wants traders, residents heard before 24-Hour Market projects
57 minutes